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  #2541  
Old 03-27-2020, 10:05 PM
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Quote:
Originally Posted by Colymbosathon ecplecticos View Post
You're missing the point. If your put expired in-the-money and your broker exercises it for you, you end up with a short position in the underlying.
Again, thanks for the education, I was unaware of this.
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  #2542  
Old 03-27-2020, 10:14 PM
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Again, thanks for the education, I was unaware of this.
There are cash-settled index options, but you specified SPY, an ETF.

First rule of investing: if you don't understand the trade, don't do it.
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  #2543  
Old 03-27-2020, 10:17 PM
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Yeah but I already did it. :P
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  #2544  
Old 03-27-2020, 11:39 PM
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First rule of Michiganman: if he wants to do it, he does it.
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  #2545  
Old 03-27-2020, 11:55 PM
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You should have 15 minutes after close to settle the option for cash.
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  #2546  
Old 03-28-2020, 10:17 AM
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This thread used to be interesting to follow. Now it feels like r/wallstreetbets.
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  #2547  
Old 03-28-2020, 12:34 PM
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Well the idea of timing is to catch big moves. There are more big moves at the moment. And don't get too distracted by options talk. Most people are just wondering how much to be in cash or not.
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  #2548  
Old 03-30-2020, 04:42 PM
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Close up marginally from current level, so still down a few percent. And Monday just flat. All the talk of bull trap stuff is interesting, but I suspect wrong this time. As much bad virus news as you can expect is already assumed. A downturn would be caused by extended lockdowns and credit crisis issues. I suspect those won't happen, certainly not over the weekend.

If we are going down it will take a few weeks. The volatility very short term would be to the upside on unexpected positive news on different drug trials.
thanks for the advice. i'm going all in long tomorrow!
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  #2549  
Old 03-31-2020, 09:17 AM
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I kind of feel like more bad news is coming, think I'll defer my rebalance a bit at the risk of maybe losing some recovery.
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  #2550  
Old 03-31-2020, 01:54 PM
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seeing some buzz around oil tankers given the huge oil contango at the moment:

1. https://in.reuters.com/article/oil-s...-idINKBN21E2UL
2. https://seekingalpha.com/news/355628...ers-in-history
3. https://www.zerohedge.com/markets/ta...-trade-decades

i know nothing about the oil industry and nothing about tankers. there are no ETFs for this so you have to buy individual names, and they're pretty volatile. so i'll probably stay away. but if the contango persists, it seems like tankers will continue to print money.

one of my friends pointed me to the following names because they own predominantly large ships (VLCCs) which are best suited for the economics of crude oil storage. but they're already up huge over the past 7-10 days, returns since march 20:

EURN: +40%
DHT: +42%
FRO: +52%
INSW: +34%

so how much of the action is already priced in? does anyone know anything about this space?
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