Stock market.... What are you doing?

[AtTheMurph]

If Trump wins there will be rioting in the streets. I'm not sure that's a good omen for stocks.

 

[hoosierdoc]

If Trump wins there will be rioting in the streets. I'm not sure that's a good omen for stocks.

if trump loses there will be rioting in the streets, so...

 

[zer0day]

if trump loses there will be rioting in the streets, so...

Thats been the recourse for 2020. I'm near Chicago and they announced deployment of national guard to the city "just in case" as well as stores boarding up in anticipation of riots.

As for the markets, I've seen lower volume in trading and more sideways actions in stocks. The last few sessions have had volume in pre market (aside from earnings) and mostly dips or loss of steam during the trading session with it ending near flat. Or negative for the day.
With more companies following the trend of not issuing forward guidance and blaming covid and global uncertainty leaves them all taking dives. Even with blowout quarters. AAPL for example..

 

[hoosierdoc]

My SPY is at 337. option strike price 338

up 68%

now I need trump to win and a 5% run in two days

 

[hoosierdoc]

hah, dang profit takers at market close

 

[nonobaddog]

Before THIS election? I don't blame them. It was tempting but for myself I'm just sitting on everything and hoping real hard for Trump to win.

 

[hoosierdoc]

market up again after hours. the early voting numbers looking good for trump

 

[zer0day]

market up again after hours. the early voting numbers looking good for trump

I get the feeling the election result will get dragged out to drive the market down for a few days. Sellers may run the shop and UVXY will go up, maybe gold too. SQQQ also.
Since earnings are pretty toxic right now, no sense in playing on them. I'm in Peloton and may exit till after earnings.

Early reports are showing Holcomb won re-election for our great state.
Bloomberg showing Trump won Indiana!

 

[NKBJ]

All you gotta know is when to bail.

 

[zer0day]

All you gotta know is when to bail.

Timing is key. You can sell too soon or too late and be stuck holding the bag. You can miss profits or go into the red.

 

[hoosierdoc]

I sold my SPY calls this morning. bought at 3.90 Friday and sold for 9 today. nice to win one

 

[muncie21]

I'm into some SPX calls now. Let's see if they can make me a few bucks.

 

[hoosierdoc]

what is SPX? I had SPXL which is a 3X leveraged S&P fund. that would have been a wild ride for options

 

[muncie21]

SPX options track the S&P 500, however are European style options, as compared to SPY which are American. SPX typically trade 10x of SPY at the same strike price.

 

[hoosierdoc]

SPY call up another $2 from where I sold. good until Nov 9 but I was wanting to lock in a win rather than go for a huge win

edit: 3:50p just bought two SPY puts, Nov 18 346 for $8.

 

[zer0day]

Man were there some runners today!
I grabbed Jinko Solar 65 calls this morning at the bell along with NIO 34 calls. Sold off today too deep in the green.

Hope you all had a good green day too!

Does anyone have trading strategies they use or just roll with the herd?

 

[IndianaSoloMcfly]

COME ON NIOOOOOOOoOoooOooOOOOo

 

[zer0day]

BA is bringing the heat. If anyone has bought calls the last couple days, congrats.
I also bout puts this morning on CNK and BYND. Beyond has a lot of potential but will need time. They just announced a partnership deal with Pizza Hut which is owned by Yum Brands, who also owns KFC and Taco Bell. So they have something big here if they play their cards right. They just got dumped by McDonalds since they now have their own plant patty. That was a given since McD's doesnt play well with others.

 

[zippy23]

I sold a decent amount of things today in my fun account I've held since right after the crash this year. Keeping BA and Lockheed, REITs are gone with some nice gains. With housing exploding I just can't see it going on a while, to nervous about it. Too green for options, don't even wanna go there since I just don't know enough or want to gamble, lol. Bought royal caribbean at $25, might bail soon I dunno.

 

[JettaKnight]

Is the travel/tourism market going to rebound hard or soft?

Will there come a point where suddenly everyone wants to roam around the world, or will it start with just some adventurous, and the timid will remain at home for a few months/years?

(Asking about investing and person travel)