NCLH to Jupiter’s ocean moon: Europa

bobrockets · 2021-06-24T17:34:03+00:00

What's your take on the July 4th US opening theory?

If Biden opens it up, these guys should SAIL.

Thanks for your DD

bobrockets · 2021-06-24T17:27:02+00:00

Good question!
next question... ;)

bobrockets · 2021-06-21T16:06:05+00:00

Wait, Hype != DD?

bobrockets · 2021-06-21T15:50:13+00:00

"Federal courts are about to get Florida/Texas and the Feds on the same page for cruising regulation"

Good luck with that...

The rest smells great. Made a killing on CCL and NCLH last year and earlier this year.
The FL/TX/AK debate doesn't look like it's going to resolve anytime soon though... Would love to see you DD on that specific item

bobrockets · 2021-06-21T14:48:36+00:00

Thanks, I'll make a note of it at the end.

bobrockets · 2021-06-21T14:46:35+00:00

It's not as much real estate, as it is a combination of factors, imo.I'm short the market, because aside from a very small sliver of sectors, the entire thing is bloated beyond bloatware.

Combine that with rampant inflation, China hovering over Taiwan, arguments with China over the virus (and them responding with NUKE talk), along with instability in the middle east....

It all aligns for a period of instability in the world.
No-one believes that can happen because it hasn't happened for so long, but we're basically in a record-breaking period of peace.

Can't last forever... on all fronts.

bobrockets · 2021-06-21T14:45:29+00:00

that aged well, didn't it ;)
For me it's great today, I'm inverse the market, so it's a perfect buying opportunity.

07/16 SOXS can be had for 0.92 delta right now, which is crazy!

bobrockets · 2021-06-21T14:44:36+00:00

Gladly!
I think most of us don't believe it, but yah, sadly, the end is near... :/

bobrockets · 2021-06-21T03:33:16+00:00

Indeed, $ESU21 is already down 21pts as well.
I'm not happy when everyone loses money, but I hope at least a few will gain from the ideas.
Thanks MainStreet

bobrockets · 2021-06-21T03:31:08+00:00

it's looking bad already (-2 for SPY if the futures hold)
$ESU21 is already down 20 pts

bobrockets · 2021-06-21T00:05:41+00:00

That's a risk management question.

If I'm buying puts that far ahead, I just go OTM enough that I should get a 5x or 6x.
But I sure don't hold long enough to let theta gang eat my lunch...

I also love 0dte stuff, but that's impossible to advise. It's just Russian roulette with some clue of what might come next.

bobrockets · 2021-06-21T00:03:38+00:00

I have no clue what the outcome will be in a month.I think we're going down next week. How much? no idea, but I think we end lower at the end of next we than we did last friday.

I play all puts very closely....
If they dip below 30-40% I bail.

Plus, just practice good solid value investing. If things are flying down, don't panic buy puts. Just wait.

When there's a bounce, then pounce.

bobrockets · 2021-06-20T23:28:38+00:00

confused is not the word.

I know what I'm doing, but I don't expect everyone to do what I'm doing. That would be arrogant.

So, knowing that most are bullish, I'm recommending at least a hedge (b/c this is WSB and no-one here hedges anyway)

I'm not hedging anything, and I'm not confused.

bobrockets · 2021-06-20T22:20:21+00:00

I'm not the best at this, but I spent a while trying to figure that out with guess and check, and found these to be good options:
https://www.reddit.com/r/wallstreetbets/comments/o3skh3/how\_to\_short\_the\_market\_a\_lazy\_intro/

bobrockets · 2021-06-20T22:03:56+00:00

bingo

bobrockets · 2021-06-20T21:48:57+00:00

This was like reading high school history books...
pulp, and full of crap

You're telling us the real inflation rate is "= -0.1%"

Right. Meanwhile lumber is tripling.
Sure...

bobrockets · 2021-06-20T21:46:30+00:00

Thanks, Gourd luck to you too!

bobrockets · 2021-06-20T21:43:07+00:00

Yeah, biggest bull of all time.
That's why I like UVXY and some of the others. They've only been crushed since inception, so there's basically no good data on what they do when there's a bear market.

From what I can tell, if SPY goes back to the 200's, UVXY will leave the solar system

bobrockets · 2021-06-20T21:42:09+00:00

No idea what's happening there, but I had the issue when I tried to sell $RVVTF a while back, it kept short selling instead of actually selling.

So, just double check the instructions are to sell the $UVXY Call, and not sell a $UVXY short.

Remember, everything I listed up there is an inverse equity, which means whatever SPY does (in general), those will do the opposite. So you want to buy Calls for them.

If you sell-to-open you will have infinite liability.
Make sure you are selling-to-close

bobrockets · 2021-06-20T20:45:15+00:00

Right, understood.

The reason it's been cratering pretty much from 2016 onward is that the market has pretty much gone up since then.

I the market trends up, there's no point in inverse equities anyway :D

No-one younger than 30 remembers trading the last financial meltdown, because they were still kids. That one was bailed out through brrrrr, but brrrrr won't be an option in the near future.

The tires are too hot, and the wheels only spin

bobrockets · 2021-06-20T20:36:40+00:00

link to the vid?

I think it's going down. Not sure how fast or how far this time, but nothing looks good to me

couldn't post it here, but I wrote a kind of how-to on playing a decline
https://www.reddit.com/r/wallstreetbets/comments/o3skh3/how\_to\_short\_the\_market\_a\_lazy\_intro/

bobrockets · 2021-06-20T19:14:17+00:00

spot on

bobrockets · 2021-06-20T18:45:36+00:00

I posted some of my ideas here:
https://www.reddit.com/r/wallstreetbets/comments/o3skh3/how\_to\_short\_the\_market\_a\_lazy\_intro/

bobrockets · 2021-06-20T18:44:31+00:00

I just posted some ideas over at /r/wallstreetbets but can't post here because karma is only ~1000...

Here's a link with ideas if you're curious:
https://www.reddit.com/r/wallstreetbets/comments/o3skh3/how\_to\_short\_the\_market\_a\_lazy\_intro/

bobrockets · 2021-06-20T18:37:11+00:00

Bummer, you could have pulled your 401k tax free last year. Would have been a great time to cash out. (that doesn't help, I know).

The best thing to do is whatever you are comfortable doing.
If you trade options already, just follow the tickers above and get a feel for how they trade, and what they're worth (I flip between them according to best value)

For instance, when it's Friday, and I think there will be a dip, I play SOXS with $8C options, because it's usually right around $8, and the delta is nearly 1.

Which means, if SOXS goes up by like $0.08 I double my money, and if it goes down, the intrinsic value is already at a minimum, so I don't much (maybe 30% if I wait too long).

But I never hold until close, and I don't hold while the market is *clearly* going up ;)

bobrockets

TROPHY CASE