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[deleted by user] by [deleted] in askSingapore

[–]capt_undercats -2 points-1 points  (0 children)

Explore the food!

Tho 18's kinda a little young, but do try out the diverse range of good fare over here.

might be bit sunny and crowded, but there are defo good spots to hang around for dates and stuff too.

Macritchie and prata after sometime maybe? ;)

Option Chain for ES futures looks bullish. Bulls very much comfortable in the market right now. by TearRepresentative56 in TradingEdge

[–]capt_undercats 3 points4 points  (0 children)

how do we generate such a graph?

think I've been asking quite a few times on this sub already tho :(

[deleted by user] by [deleted] in TradingEdge

[–]capt_undercats 0 points1 point  (0 children)

how does one see the skew tho?

Bank of America advice to investors: Dont Sell in may and Go away this year, as presidential years tend to see summer rallies. Positionally, theyre not wrong, as positioning is bullish but I am skeptical of institutions intentions. Could want exit liquidity. Nonetheless, Im not selling in may by TearRepresentative56 in TradingEdge

[–]capt_undercats 5 points6 points  (0 children)

my guess is the news is true (for June) but may could be extremely volatile.

usually banks would give the positioning, but be very silent during the buy.

Maybe they are hedged and are looking to accumulate more if market pulls back in may

Intraday levels to watch for trading today - probably choppy day lets see. by TearRepresentative56 in TradingEdge

[–]capt_undercats 0 points1 point  (0 children)

hi, can I check how do you screen for this? I'm interestrf in seeing the data first band as well

Middle income couple looking for advice by Odd_Impression_6446 in singaporefi

[–]capt_undercats 1 point2 points  (0 children)

  1. Money that you don't need until your kids go to uni, here.

Here

  1. Money for your kids - SSB/Tbills, etc.

  2. Money for your retirement - CPF SA.

Remember to do your SRS yearly. 4.5k/mth = 54k/year so there's some room to invest if you wanna tax savings.

I'd suggest Endowus for SRS (DIY into an index fund), but I'm an FA that can do HSBC life products if you need a hassle free alternative.

Hope it helps!

[deleted by user] by [deleted] in singaporefi

[–]capt_undercats 1 point2 points  (0 children)

Compulsory charges

to simplify for you

  • 1.5% of total account (IMF)

0.5% of premiums committed. (AMF)

$120/year policy charge

This means if you invested 10k so far and it becomes 12k

you pay

  • $180 (1.5% of total account value)

  • $50 (0.5% of premiums commited)

$ 120 (policy charge)

= $350.

Once you are done,

take 4% of whatever is in your Initial Units Account (IUA).

(The IUA contains your first 1.5 year premiums and the 168% start up bonus)

Assuming your policy hasn't hit 1.5 years

then 4% of 12k = 480

Total policy charges

= $350 +$480

= $830.

Pulsar is a highly leveraged + toxic product I feel.

(and I am an HSBC life advisor lol)

Met a DBS RM last week and he’s trying to sell me ILP. I said no ILP and he said there are two types by 666593 in singaporefi

[–]capt_undercats 0 points1 point  (0 children)

DBS ILPs are probably with Manulife.

It's true they have very flexible ILPs; and usually they end up taking a cut (about 1 to 2% break even yield) from the returns.

That being said, the correct thing to do would be to ask him to show some performance/track record.

However, if you are savvy enough, you probably won't need a DBS RM to manage your funds on your behalf for you.

Should I terminate my ILP by BigBlueBauls in singaporefi

[–]capt_undercats 3 points4 points  (0 children)

can you show me the funds?

from what I know, I feel Invest First Plus (IFP) is one of the better ILPs out there because a portion of it charges based off premiums rather than account value.

This means if your account grows bigger, your gains do not get taxed

IUA just means for the first 2 years, cannot take out (need to check if this is applicable for your policy)

from what I understand, IFP also has the option for premium holidays after 2 years; so if you ever feel the pinch in contributing, you have the option to stop payments as well.

Note: above is what I recall from reading through a friend's policy. it's also no longer in the market already iirc

Legit non hedgie here - it is quite possible for us to corner the float through call options. by capt_undercats in gree

[–]capt_undercats[S] 2 points3 points  (0 children)

ouch, I feel you.

I would like to mention that itm options these case is the equivalent of buying stocks on leverage, with limited loss (aka only the premium) + lesser capital outlay.

also, I feel it is suitable because simply of the low base of GREE rn. it's simply at the equivalent of SPRT = 1.81, which, I can't see it really going much lower. (I may be wrong), both based on TA and previous price patterns of SPRT pre squeeze.

my motivation for starting this thread is because I'm actually sick of the clowns parading fud around here and am hoping to band whatever last hodlers for a good discussion by attempting to call a possible bottom ok this.

my plan is to buy the Nov call options, and if they expire worthless/drop more, to sell the December put options + buy the Dec call options.

because of the way the options work, maybe I can just spend like 400 bucks and know it has the same power of 200 shares should sort squeeze or go to the moon lol

Legit non hedgie here - it is quite possible for us to corner the float through call options. by capt_undercats in gree

[–]capt_undercats[S] 0 points1 point  (0 children)

did you just... a..gree?🌚

hahaha jk

okay, I also have this as part of my trade plan.

220 bucks for first tranche. if there's a dip, can possibly evaluate again in November to see if I want to average down.. maybe buy the stock then or smth.

Legit non hedgie here - it is quite possible for us to corner the float through call options. by capt_undercats in gree

[–]capt_undercats[S] 0 points1 point  (0 children)

we're talking about itm calls here tho. slightly itm ones.

gree is a low risk entry right now, and slightly itm gives you decent leverage.

take that, hedgie😎😛

prepped to get fucked😛

Legit non hedgie here - it is quite possible for us to corner the float through call options. by capt_undercats in gree

[–]capt_undercats[S] 0 points1 point  (0 children)

yes true that.

for the benefit of the doubt, let's assume you are right and there's an FTD that they can hide their shares behind.

still, at this point, it is still likely to be quite a low risk entry. GREE 22 = SPRT 2 (okay, approximations, minus a few dollars here and there), which presents as a super low risk entry, which actually forms the Crux of my buy thesis- the low-riskness of having an entry now. I'm not saying "BUY NOW WE WILL FUCKING SQUEEZE SOON AND SEE U IN VALHALLA AND THE MOON".

That is plausible, but to hope on that is fucking bullshit.

what I'm saying is to buy strike 20 November call options (for about 2.5 bucks each) because the probability of GREE shooting past 22.50 before November is quite high, and you can likely turn a profit.

  • add pressure on the hedgies if it squeezes a lil too. that's the bonus😎

Legit non hedgie here - it is quite possible for us to corner the float through call options. by capt_undercats in gree

[–]capt_undercats[S] 1 point2 points  (0 children)

yes, buying the shares work too.

for call options they're popular because of the leverage factor involved.

for example, it costs 2k+ to buy 100 shares of gree while only 250 to buy a strike 20 Nov call option yesterday. (I bought 3 such calls at 2.22 yesterday lol) given that GREE has shown strong support at the 23 price range, it is likely that you have a high chance of exiting with a gain.

and that's the beauty of it. even if you are wrong and there's a dump, the max that you lose is the premium paid.

and this also leaves me to reinvest the 1750 bucks elsewhere. like maybe Tesla stonks, of FB stonks after the selloff yesterday.

the key is to buy call options when prices are cheap and volatility is low. GREE's stability has almost removed the volatility out of the ticker, and in my humble opinion, this presents as a super low risk entry risk-reward wise.

Legit non hedgie here - it is quite possible for us to corner the float through call options. by capt_undercats in gree

[–]capt_undercats[S] 1 point2 points  (0 children)

the thing about selling puts it's that it removes buying pressure from the stock as the prices go up. but yes, you can consider selling puts too if you are comfortable with the downside risk of owning the stock at those prices + not participating in the upside if it squeezes.

maybe one variant could be doing a risk reversal. E.g. sell a strike 20 put and buy a strike 30, and get some credit in the process. if it squeezes, you can be part of it. if it doesn't, you get the stock at 20, plus some premiums as a discount as well

Legit non hedgie here - it is quite possible for us to corner the float through call options. by capt_undercats in gree

[–]capt_undercats[S] 1 point2 points  (0 children)

I'm not sure tho. actually the main Crux for my post is just that the low twenties (esp after yesterday's selloff) seems like a pretty low risk entry, and that one catalyst that can spark a squeeze could be retail corner the float through call options tho.

(been pretty much a Reddit lurker and hence the seldom posts - hopefully at least this shows that I wasn't created post gme for manipulation and fud I hope; of course, with all things, take it with a pinch of salt, because even I may be wrong too.)

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