I think it's a matter of when they buy the dip, not if.
Bad for stocks. Good for corporate accountability.
Why J&J's 'Texas-two step' setback could make it harder for companies to shed lawsuits
A ruling against Johnson & Johnson raises new questions about a controversial bankruptcy tactic companies use to resolve costly claims.www.yahoo.com
Just buy stonks instead as those companies never get sued and their stocks always go up at the proper 45 degree angle.
I have been seeing this as well. Still learning so I may be wrong, but it seems like long dated out of the money calls have the best comparable delta. So they move more for every $1 movement of the underlying assess as other calls (shorter duration and closer to the money). Is this right? LOL.
Maybe way out of the money?
In the meanwhile, got out of my TMF calls, which didn't go down much with the drop today. Weird? Bought at 0.15 and sold at 0.15, so only out the fees. I think there is a TMF play with rates spiking so much. Either a LEAP call or just buying it.
Okay, I was right, it's a ratio that is applied to the call price. So, to estimate the movement of the call, you need the delta and price:
Glad I sold at today’s top. I may swing trade this if it drops back down into the $0.12 range again.
The Man! On the money. Also in the news:
High rates don't matter as much for the market as the movement. If up is done, we are one step closer to lower. Remember, the market is forward looking by 6-12 months.
Agree that rate hikes are likely over, but high rates for longer won’t help your TMF trade.
I missed today's bounce for TMF. LOL! I'm a bit confused on what to do, so I may just do a LEAPS call for Jan 2025 and let it ride for a while.
There is resistance to the downside in TMF here, so it may temporarily go higher, but IMHO it will go lower in the long run. I don't have as strong of a conviction here as Ackman who is obviously short long term treasuries and therefore long TMV. I am not in the treasuries game for the moment and more focused on AI, China and EV stocks.
Agreed on China and I have BABA and FXI plays. Any other EV stocks to research? I know you are high on RIVN. Any thoughts on LI vs NIO or both? Thanks!
I am not into LI, but am into NIO. i was into XPEV was was called out at $22 right before the drop this week. i have not gotten back into it. I have been trimming my TSLA holdings. I get the sense that they are putting all their eggs in the FSD bucket. Not sure how that is going to play out.
The EV makers in my custom basket are TSLA, LI, RIVN, PSNY, and NIO. I've been in and out of NIO a bunch of times. Didn't like them for a while due to lack of a path to profitability, but with deliveries starting to ramp up, they look really promising. Never been an XPEV fan due to the same reason. I also have a few lithium companies and EV focused semis.
It jumped about 40% in a matter of hours and by next day crashed back down to Earth. But I sold at the top and bought back in yesterday.
Something like 24% of the total shares are shorted despite production having started and several orders, albeit small ones, being filled. This one could be a real short squeeze with any positive news
