williejameshuft

Based on pre-market quotes, it looks like he's 2/2

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it's below 18 currently

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Now run the numbers with earnings at $225 …

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not crashing

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The VIX spiked up to almost 60 yesterday and is flattening out above 40. Unrelated securities are trending towards a 1 correlation with one another. There seems to be some sort of systemic liquidity issue brewing behind the scenes. The 1-day selloff in bonds (and gold) could indicate desperation to free up liquidity. It could also be the result of large overseas holders dumping our debt, as others have posted. The least likely reason is renewed confidence in economic expansion IMO.

How do yall season the Blaze? And how do you clean it? I have one that I rarely use because food sticks to it like crazy and it's a pain to clean.

Make sandwiches >>> Get mauled

I can explain the basis of my post above but I’m not comfortable telling you what to buy or when. Your real theory is that the SPY will fall over a 6-12 month period. The way the VIX operates is pretty complicated, and there’s no way you modeled an upside move in volatility if you’re asking the question you asked. So let’s start with that. You’re assuming the VIX will spike because you think the SPY will fall, but that’s not necessarily the case, especially if the drop in the SPY is slow and steady. And even if the VIX does rise, the VIX derivatives don’t always track the rise (as of 9:05 CST today, VIX is up about 2% and VIXY is down 0.96%). For these reasons, as well as the significant decay in VIX derivatives mentioned by a few people above, you should probably make the trade on the SPY instead of VIX derivatives. But the VIX could still factor into the trading decision.

You have 2 main choices to trade an expected drop in the SPY: shorting the SPY and buying put options on the SPY (there are more complex choices such as shorting long calls but you should probably stick to the basics). The level of the VIX can help you choose between these options. The VIX is effectively a measure of the relative prices of SPY futures options. Generally, a lower VIX means cheaper options and a higher VIX means more expensive options. Because the VIX is currently low, you would want to be buying premium based on your thesis, which is why SPY puts seems to make the most sense.

Disclaimer: I’m not saying your thesis is correct or incorrect or providing any trading advice.

GL

Is there a way to confirm the audio on the hospital video wasn't altered? Without that, it seems like a failed ground to ground rocket.

How is everyone up 100x-10000x on PLS when the price is down over 20% since it was first reported on coinmarketcap on 5/20?

This is probably far beneath the expertise level of everyone on this thread, but I've had pretty good success running a wheel-like strategy on UNG weeklies every time natural gas gets within spitting distance of $2. The premiums are surprisingly high for what I think is a pretty safe trade as long as you wait for NG to get within a few percent of $2 and avoid the last week of each month when the NG futures contract rolls over. I've only been assigned shares twice and both times they were called away the following Friday. Obviously, UNG isn't a great long-term hold so the idea is to get rid of it asap if assigned. But the IV is so high that selling calls $.50-$1 under your cost basis can still yield a healthy gain.

Anyone have any thoughts about why all durations of bond yields have continued to fall since October despite nothing but hawkish talk from the fed? Flight to safety or disbelief that the fed will follow through with the rate hikes? Or something else altogether?