$HUBC: Folks get in on this ASAP. Massive short squeeze brewing here.
Looking for an exit price: When will you sell Alphabet?
$HUBC has massive potential and management is signaling a path to multi $
Wall Street Newsletter S02E08: No one saw it coming ( Season Finale )
Now I am even more worried. Congress needs to show leadership and raise the debt ceiling.
$KAL Will squeeze this week! already in motion
The delightful professionals of r/wallstreetbets posted a loss of $6.6M in Jan 2023
Man, I really like Cash App Taxes, sounds like I better file that return ASAP.
HHRS got it's 3rd analyst rating today (all buys), though with the lowest target price so far at \~$11.75. Although they do say there is *"meaningful upside"* to their target. I'm up a lot on these warrants obviously, but I haven't sold yet as my speculation is they'll want to call these in ASAP, which would lead to a 100%+ return from here.
What else would he say? Get yo money out ASAP, bishes? No, he would loose more than anything.
Stock is garbage, had fear once I saw the MAGA pumpers. Getting out of this trash ASAP
It says the market value of my portfolio is 55k when I go to withdraw it only allows me to take 50k. Why?!?! I am an amateur to investing, I know but want to get it into a better account ASAP
He's basically saying we should have a recession ASAP so they can cut next year. BULLISH!! TO THE MOON!! ROCKET EMOJIS!!
Yeah, the way I interpret the dot plot is that we need a recession ASAP for them to stop hiking rates.
Ideally you want to hold them to retirement age so it doesn’t matter when you start. ASAP is ideal. If you are going to day trade it should be on individual stocks that you have specialized knowledge in. Anyone who says they know how to time something with as many factors as an S&P 500 index fund is lying.
The tech *workers* can stay, but the 200k a year to do nothing crowd needs to be fired ASAP. Twitter is better than ever now. https://www.independent.co.uk/life-style/meta-recruiter-salary-layoffs-tiktok-b2303147.html
Vmod initiate virus scan ASAP!
im gonna need bitcoin to moon ASAP
Selling $36,000 worth of GME puts at open $20 strike. Need some of that juiced up IV ASAP #Proof or Ban me haters
Alright guys - since no one on this campus has been able to get on WSB let's fund a research study. Dr. Charles what should we propose? Banks...Something about Banks... they call it WallStreetBanks. Get on it Dr. Wankerile and when your research is complete please post on WSB. Please report your findings back ASAP and send me your karma reports on the data. We will make the breakthrough soon and put us on the map. I want STANDFORD to be the leading collage on this sub or your fired.
These puts sent me back 1990s.. Trading in my PS1 ASAP!
Honestly, a half point cut is not enough. We need to get below 3% ASAP.
I want the drugs you’re having right now ASAP
they = the rich read this: https://theintercept.com/2022/11/04/federal-reserve-interest-rates-savings/ The Fed sits directly on the fault line generated by the oldest, most fundamental conflict in history: that between rich creditors and working-class debtors. In any society with huge wealth disparities like the U.S., creditors are always terrified that debtors will get control of the monetary system, print tons of money, and destroy the value of the creditors’ financial assets. Right now, U.S. households have about $16 trillion in debt, $11.4 trillion of which is mortgages. Another $1.59 trillion is student debt. But thanks to the 14 percent cumulative inflation over the past two years, this $16 trillion today is only worth what $14 trillion was this time in 2020. I.e., $2 trillion has been effectively transferred from creditors to debtors. This is by no means a straight $2 trillion transfer from the rich to the poor. It’s complicated. Lots of rich people have big mortgages, for instance. But on net, it is indeed a big loss of wealth for the affluent, and a gain for people further down the income scale. The Fed’s job is to mediate between these two directly opposed interests. Creditors generally want lower inflation and higher unemployment; debtors generally will benefit from the opposite. The Fed’s preferred approach is to pretend that these interests are not opposed. But George just busted out with the truth: They are. Related The Wealth of America’s Bottom 50 Percent Has Doubled During the Pandemic Years After a huge increase over the past several years, poorer Americans now enjoy a higher net worth than they’ve ever had in U.S. history. This gives them a little unaccustomed leverage, some wiggle room, the chance to quit their job for a better one, even while, as George puts it, they “can continue to spend in a way that keeps demand strong.” This is a nightmare for rich creditors. They want this working-class leverage eliminated ASAP and inflation crushed.
I'm starting a new bank. I'll need a 100BN cash infusion ASAP I'm already out of money 😞
Bailing out failing banks is a stupid idea anyways. The feds are better off just seizing failing banks and liquidating the assets ASAP.
If they’re not FDIC insured, exit ASAP. I’m sure there’s something else out there providing similar features to what you use that is insured. The way the bank sector is heading, several companies won’t survive.
So many bears want china to invade taiwan ASAP just so their puts on semi prints big
Get them off your hands ASAP this isnt about profits its about salvaging value from a sinking ship. IF you have an ability to exercise I doubt it would last longer than 15 minutes past opening. I just dont want to see your options get locked out due to some 'governemnt market action' Also, the market typically does whatever it can to avoid paying out retail so be careful.
Nationalize the banks. We need to implement communism ASAP
I don't really know what is going to happen with my PUTS 10 x 2.50P that expire on the 31st. I bought them last month for around .15 and they are around .75 now. I did have 20 but sold 10 at .9 on wednesday unfortunately Thursday was green. Probably best to sell them ASAP on Monday if I can.
Tell me where this guy ends up next. I will need to short that company ASAP.
Sun needs to set ASAP, I prefer the dark
When the ratings agencies downgrade a company, the insurance company HAS to sell their holdings in said company at a loss . They are not allowed the option of holding to maturity. Theoretically, they could arrange a swap w/a counterparty but nobody in their right mind would agree to do that unless it was the govt. For ex, FRC got downgraded to junk. that means under most state insurance laws, they are required to hold investment grade bonds and shares MUST sell ASAP. So, the insurance companies which hold FRC bonds and preferreds would be facing a massive loss b/c they have to sell at current market prices. And they are definitely not going to get a good price at this time since all their peers are trying to do the same thing.
Less than a year because these loans are at 4.75% interest and banks need to pay them off ASAP. It’s an emergency use fund. Can see this from the pandemic use of the discount window
Moving everything from TD Ameritrade and Charles Schwab to Fidelity Investments ASAP. Puts on $SCHW!
Possibly, but the Swiss government is in the background arm twisting UBS. Pretty sure the ECB and the Fed are arm twisting the Swiss government to get this deal done ASAP.
Curren$y and ASAP should do a track imo
Things were going well, employment down, GDP up, was looking like we're avoiding the recession that the news keep harping on about since 2021. And then I saw someone said a recession would be a good opportunity for the rich to keep the poor in place. And now, with the bank runs, the "news" keep showing "experts" or the anchors talking about how scary it *can* be, and some even say to get money out ASAP... Look, I'm not for conspiracy theories, fuck the lizard ppl George Soros etc BS, but it's really, really hard to say that this crisis isn't on purpose, that it's the natural bust cycle, that nobody is manipulating and trying to create a recession.
Thanks. I agree with everything you said. I do think the sheer amount of puts that are being exercised, and looking to cover ASAP is an unusual number that lacks any previous comparisons. My thought on the potential for a "short squeeze" here are it trading above $1/$5 or briefly spiking a little higher for a few hours on the first day on OTC. But I am fairly confident shareholders dumping will tamp down any ss spikes that should evaporate after the first day. And I also agree with people carelessly and confidently giving others horrible advice. I think some don't know what they don't know, and others troll and do it intentionally. Either way, it's hard to imagine how many people have been burned due to it. Lastly, I change my mind every day on whether this bank crisis could get significantly worse or not. At first it seemed like dominos would fall, but then government safety nets were deployed. That article is interesting. It does make sense if governments keep saving banks that, at a minimum, it will only undermine any gains they've made fighting inflation or could lead to a much worse case scenario as the article describes.
Yes we will, because these higher rates hurt the government as bad as anyone. “Net interest payments on the national debt rose from $352 billion in 2021 to $475 billion in 2022 — the highest nominal dollar amount in recorded history. Relative to the size of the economy, such costs were 1.9 percent of gross domestic product (GDP), the highest level in 21 years.” So just imagine what continued high and rising rates does to the payments. JPow has to start cutting ASAP or he is putting the squeeze on his employer.
Petition to remove DD flair ASAP
I don't think it will survive, no. We don't know how much of FRC's deposits were withdrawn so far from FRC, but we know it is a LOT. In fact, according to their [press release tonight](https://ir.firstrepublic.com/static-files/18c04dea-0d44-43ed-b420-b066d56e1f54), they've gotten capital from the gov't of up to $119B ($109B max from fed + $10B from FHLB) over the last week or so. Their deposits totaled $179B at 12/31/22 (see balance sheet). This tells me that the majority of their deposits are gone, and they've been borrowing from the fed to cover deposit withdrawals while they unload their investments to pay the fed back ASAP (in a fire sale, so expect staggering losses). To further their problems, they only offer like 1-2% on their savings account (due to the fact that their unrecognized losses essentially prohibit them from offering more)... If you're an FRC customer, you've at least taken a look at other banks. With many savings accounts at big institutions yielding 3%+, and the risk that your cash gets tied up in a failed bank, why wouldn't you leave? Also - how in the world are they going to get new customers? This bank had negative equity value to begin with... That is only going to get worse as they are currently rushing to sell their investments, causing them to sell at a discount to fair value -pushing equity value further into the black. I would not be surprised if they are insolvent as we speak. In fact, the big banks that gave them the $30B of deposits already know this. this morning, FRC was looking to sell itself to another bank; the fact that these banks all got together and deposited $30B means that none of them are interested in buying it - meaning they know it's a dead biz. The other aspect of the $30B cash injection from the other banks that raises big alarm bells: The announcements don't mention any kind of benefit for the big banks in exchange for making that $30B deposit, and everyone knows the Goldmans and JP Morgans of the world do NOT give money to a rival out of the goodness of their own hearts. Most likely what's going on here is that the big banks have started to see the population pulling their cash out of the banking system (even at the big banks). They want to calm the general public, and they know that the collapse of FRC will make even more people pull out of the banking system completely. If you don't believe me, look at money market fund [inflows](https://www.bloomberg.com/news/articles/2023-03-16/money-market-funds-get-biggest-cash-inflow-since-early-2020#xj4y7vzkg). Also look at crypto prices (+20% over the last week) and [app downloads](https://techcrunch.com/2023/03/16/top-crypto-app-downloads-rise-over-15-following-svb-collapse/) (notably, big bank app downloads -5% vs crypto +15%) There's a whole lot of officials out there saying everything is fine... But in reality, we are legitimately on the precipice of a 1929-esque crisis.
Rumble needs to diversify its content beyond politics ASAP. Not everyone lives and breathes politics. Even within politics, they need to diversify across all political spectrums.
Everyone should take all your money out of these banks ASAP
So yolo your account ASAP
I need Winnie Poo to invade Taiwan so we sever all relations with gyna and my tesla short goes to the moon. ASAP
I copied this from RHs email. "Also, the short stock position may impact your ability to open new positions if you do not hold enough. assets to cover short stock position requirements. Robinhood typically does not allow users to open short stock positions and this is an exception. As a result, if trading on SBNY resumes, we may attempt to close the short stock position on your behalf. Keep in mind, we cannot determine the price at which SBNY may begin to trade if trading resumes. If SBNY resumes trading and Robinhood closes your short stock position at a price above which you sold short the shares (i.e. the strike price of your exercised put options). this may result in monetary losses." So basically, you might get screwed without any control over what price they decide to close the short. I guarantee they won't sit and wait. They will exit ASAP. You might be left holding the bags
In addition to TikTok news, Meta also straight up fired people and also announced a new Social media platform "similar to Twitter", as in decentralised and pro-conservative. They're pretending the last announcement isn't an admission that they need that large amount of politically conservative users to stop boycotting them and return ASAP.
WE NEED A MEME VIDEO OF THE WOLF OF WALL STREET TALKING TO THE SWISS BANKER ASAP! But about liquidity.
Again you purposely distort what I say. I'm starting to think you're a lawyer or worse, an advisor? *I said point them to boglehead forums specifically. Point to research that shows advisors are bad.* They can start at an advisor if they are really unable to educate themselves at all but also tell them to leave them ASAP if they start offering tips. That is the first sign they are likely a parasite.
This was me too, got it locked in ASAP!
It's down post-merger from $10 level. The company went public on the Nasdaq exchange on March 1st. Management wants the stock price up to pre-merger levels ASAP and these PIPE investments will flow in which will push this towards $10. A mere $4 mill injection today pushed the price up 20 %. Imagine what the rest of that investment will do. Pre-merger stock price ($RNER): Feb 24, 2023, $10.5 March 9 (day before going public as $HUBC) $4.99 Today: HUB Cyber Security Ltd (NASDAQ: HUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB" or the "Company"), today announced that it had issued and sold approximately 400,000 shares to two of the original PIPE investors at a price per share of $10 for proceeds of approximately $4 million dollars, in a private placement. The shares were sold pursuant to the original PIPE terms entered into in connection with the Company's business combination. The remaining PIPE funds are currently being negotiated with investors and the Company remains in discussions with the investors to receive those funds. https://finance.yahoo.com/news/hub-security-receives-four-million-151500798.html SEC Form 6-K filed by Hub Cyber Security Ltd. The shares were sold under the original PIPE terms for $10 per share for gross proceeds of approximately $4 million. These funds were received as partial satisfaction of those investors’ commitments. The Company did not waive any claims it has against any of the PIPE investors for the remaining funds committed. The remaining PIPE funds are currently being negotiated with investors, and the Company remains in discussions with the investors to receive those funds. https://quantisnow.com/insight/4200270 Remaining funds are currently being negotiated and will result in PIPE investors buying even more shares and slowly pushing the price up towards pre-merger levels. Today: https://finance.yahoo.com/news/labs-reaffirms-20-million-pipe-143000815.html >A-Labs Advisory & Finance Ltd. ("ALabs"), has reaffirmed its irrevocable commitment to invest $20 million in HUB as an equity PIPE investment at $10 per share, previously made in connection with the Company's business combination. This commitment represents a significant premium to current market price. >ALabs has already fulfilled more than 10% (~$2.2 million) of its commitment (as previously announced by the Company on March 14, 2023) and expects to complete the remainder of the funding in the near future. These are $18 million in PIPE investments coming in addition to the $46 million still being negotiated from original investors (not ALABS)
And Intel along with it ASAP
Thanks for commenting. We need to get rid of that nasty stuff ASAP- and it will take decades. BioLargo’s first PFAS client has an incumbent system- that just does not do the job- and they have to find a different solution. To our knowledge there is no better system than the AEC/ problem is - they will have to have built the scale up version to become a big contender in the field with massive channel partners. Any market share of that massive 60 Billion / year market market will make this skyrocket. (And that $ 7.5 Million annual project has not yet shown up in the balance books). All while POOPH will have $BLGO profitable this Q or next.
Feds better do something this market needs help ASAP. Looks like they’re almost matching their 5yr
He's a fucking hero.... Crash should happen ASAP!
There is a higher chance that the case gets dismissed ASAP.
Sell those piece of shit stocks ASAP
Right. Who the fuck would be dumb enough not to wire their funds literally ASAP
It stabilised at what, - 30% over 2 day span? There are always some guys who want to catch falling knife, but if they are really able to buy a lot, that only means that equally as many people want to get out of it ASAP. It's a bet at this point when you literally have another bank admitting to straight up lying about their figures, without insider information you cannot know what's going on inside.
Shamelessly crossposting my comment here: Y'all should check it out. This could cake walk up to $10 with sufficient continuous volume. It's down post-merger from $10 level. Management wants the stock price up to pre-mergel levels ASAP and these PIPE investments will flow in which will push this towards $10. A mere $4 mill injection today pushed the price up 20 %. Imagine what the rest of that investment will do. Cathie Wood (lololol ik but still) owns 1,404,532 shares of this stock and purchased them at a much higher price. HUBC is a cybersecurity company, highly relevant for today's market. "HUB has over $500 million in signed government contracts and major clients for its services including the Pentagon, Lockheed Martin, NASA, VISA and many others." https://finance.yahoo.com/news/hub-cyber-security-ltd-developer-184817640.html This could really take off in the coming weeks and you will have missed the boat. NFA
It's down post-merger from $10 level. Management wants it up there ASAP and these PIPE investments will flow in which will push this towards $10. Cathie Wood (lololol ik but still) owns 1,404,532 shares of this stock and purchased them at a much higher price. HUBC is a cybersecurity company, highly relevant for today's market. "HUB has over $500 million in signed government contracts and major clients for its services including the Pentagon, Lockheed Martin, NASA, VISA and many others." https://finance.yahoo.com/news/hub-cyber-security-ltd-developer-184817640.html This could really take off in the coming weeks and you will have missed the boat.
A tax is a forced action. You can pretend it isn't, but you're lying to yourself. If a 1% run would collapse the system, then you better get your money out of banks ASAP.
Lunch place doesn’t even let me order on their site until they open :( I want that shit ASAP NURGAZ FUCK hot chicken yeahhh buddy finna get like 3 Diffy spice levels oh my god. Still so long until they open srghhhhh
In one of my neuroclasses we were discussing potential ways of preventing nerve damage while performing more complex surgeries. What IONM does was considered the simpliest way to perform a surgery with the benefit of knowing if a nerve gets damaged. The monitoring done by a technician measures the nerve activity during a surgery and in the case of a nerve cut, accidentially touching a nerve or other similair causes that might affect a nerve damage the technician informs the surgeon ASAP so she or he either stops or ”changes angle” to see if she or he missed something. And this might prevent a lot of nerve damaged caused during surgeries, which is a common problem. I think this will be a standard in the future when undergoing more complex surgeries and therefore this is according to me a strong buy. Again, these are just my thoughts. From the financial view: Low float, not that much of debt, EBITDA is not terrible, reverse split is done, financial secured from last autumn, growth is prominent.
Gonna drop Satoshi a line now get this sorted ASAP.
Take all your money out of the smaller banks ASAP. As for putting it into another U.S. bank, I’d look elsewhere ;)
Yeah this is why I typically don't engage too much with actual fucking spergs on reddit. People invest and get a ton of money from their investments BECAUSE OF THE RISK. Just because the investment didn't pay out THIS TIME doesn't mean we need to go over there and save it ASAP. The whole point is the risk - that's why there's a return.
What do y’all think of the big brain take that the goal of the aggressive intervention is to snuff out the problem ASAP so Fed can continue hiking?
https://preview.redd.it/2mncbn781mna1.jpeg?width=525&format=pjpg&auto=webp&v=enabled&s=7b6e3559ced6d8ab99e984d2b9f23bb8ba0447e6 This needs to be added ASAP to this sub
Big business hurt? Oh here's money ASAP! Student loan relief/average worker? Here's years of pause and pending doom of waiting for the Supreme Court to deny you. Oh well. See ya in 2 months suckers. Ahh gotta love the wealthy class bailouts.
Exactly. My only potential saving grace is my put expires late May, not this Friday. Hopefully a suitor is found ASAP lol
Hey there, Aviationaitor! Thanks for reaching out about the Summer Internship - Tableau Engineer position with Silicon Valley Bank. I'm definitely interested in learning more and am eager to apply ASAP. Please let me know if you have any additional information or questions that I can answer. Thanks again for getting in touch and I look forward to hearing from you soon!
The article is behind a paywall, copy and paste it here and NOW., ASAP, I am a busy man and got not time to wait.
FRC $18k gain!!! It’s recovering, BUY ASAP!!!
Congress needs to pass a bill ASAP to put a gag on the guy.
Would you advise to pull money out of ETFs and stocks now? I'm 22 with a good salary and can take a bunch of risk - should I just hold everything and assume the market will always go back up or should I move to T bills ASAP before things go to hell
> now credit is going to get ultra tight on top of the higher rates Big difference between '07 and now is that in '07 underlying assets were toxic. Today, the underlying assets are extremely safe/liquid (long-term Treasuries) but a select few banks did not manage their exposure to interest rate risk (via interest rate swaps, for instance). The Fed stepped in to prevent this from causing a bank run--that problem was solved. However, the banks are still well-capitalized and if their assets were held to maturity, there is not much problem. The biggest banks were/have been heavily regulated from the beginning--they don't have as much reason to tighten up credit. The problem was the banks in the 50B-250B asset range were deregulated in 2018 so regulators could not catch the bad practices. This should be reversed ASAP. However, credit will definitely tighten toward the startup/VC industry, as it should.
... You underestimate the ability of people in this country to troll ourselves into panic. SVB's crisis came from a poorly communicated capital raise which spooked rich people like Peter Thiel, who sent emails to thousands of people to get their money out of SVB ASAP. Then other people heard about this and everyone tried to get their money out at once.
Hey, and I hate Ally. They had no customer service representatives at all, due to an error in their automated voice line when calling the customer service line. Basically the way it was coded, right before you reached a human being it asked “would you like to do a survey after this call bla bla bla?” and if you answered yes it took you straight to the survey then hung up, but if you answered no it hung up immediately. With either option you couldn’t actually get put through to a representative. If you didn’t answer it would eventually hang up. I was furious as I needed to get through to someone ASAP. The email they listed also came back as not a valid email address. I escalated to request a manager call back twice in regards to my auto loan through their automated chat support (which was operated by non-native English speakers and the only option for customer support excluding phone and email which were unavailable). Both times the “manager” failed to call me back within the 48 hour window they had. They didn’t even call back outside of the window. I put in an official complaint with the BBB mostly out of spite. This somehow got their attention and ally sent me a letter saying they apologized for bla bla bla and they would like to speak to me personally to resolve the issue. They left me the name and number of an executive customer support representative. Guess what? The executive rep didn’t answer as the number provided only led to an automated voice line requesting and extension and their extension was not recognized. So I left a voice mail with the relevant contact info and why I was calling. No call back. They failed at every single level to prove that they actually had any customer support team located within the United States. The customer support chat team was unable to resolve my issue or to follow up with their “manager”. The supposed “executive” customer support team probably didn’t even exist, or if they did, the letter they sent was an automated process so that they could tell the BBB they reached out to me “with no response returned”. I hope this bank burns to the ground. I’ve had better customer support from the whore giving tugjobs behind the dumpster at Wendy’s than I’ve had from Ally. And if you’ve read this far and you are wondering what the issue is, it’s what I and many others have complained about on their BBB page. They charged an extra payment on what would have been my upcoming bill the next month after I already paid in full. I was very poor and fucking swamped with work trying to stay above water at the time so it fucked me in more ways than one. The only other thing I felt I could have done at that point was escalate it as a legal issue, but I had to cut my losses between the time and the money lost trying to reach out to them… which is exactly what skeleton crew or foreign based customer support companies like them plan for. They give you the fucking run around until you give up because you are too poor and stupid to do anything about it. Tl;dr fuck Ally financial, and I’ll take a Dave’s double and a chocolate frosty
So the move is to short the shit out of any crypto friendly bank that hasn't been shuttered ASAP tomorrow. Personally going after BK.
This is probably the best outcome. Now before everyone calls me a corporate shill and everyone is screaming no bail outs . Lets say depositors were not made whole I don't have the finacials but lets say maybe as of Feb 28th SIVB had assets to cover 97% of the depositors money . If the bank liquidated everyone would basically get 97% of their deposit back, not to bad and you may think its fair. These rich VC tech bros can take a 3% haircut right? Well we do not know how big the bank run was. The people who with drew the cash on Monday/Tuesday/Wednesday got out 100%. If it was a huge bank run well lets say 75% liquidated. That now mean the remaining 25% who didn't liquidate have to take a much bigger haircut, maybe 10-15%. I doubt it was that big but point being the people who got in line first got out with 100% of their deposits. The people who snoozed would take a haircut even if it was small 5%, no one wants to lose 5% of their deposited money. So that would be the lesson, you even hear a rumor of a bank run at your bank, be first in line and with draw ASAP , you don't want to be stuck holding losses. And that how panic and bank runs start. So everyone panics and start with drawing from smaller and regional banks and go with the safest banks. Now banks fail and now FDIC is charged with unwinding 100s of failed banks what is expensive. Now the other risk is will now we just have 5 mega banks as everyone panicked and fled to the biggest banks leaving banking more concentrated as smaller regional banks get crushed under bank runs. So if bailing out the depositors of this one bank stops people from panicking (and people always panic when it comes to their money) it could be the cheapest option vs allowing panic to set in and having 100 banks fail .
She should retire to The Shire ASAP.......
I must escape my May puts ASAP tmr lol
The rule is intended to protect regular people for the most part. The thing no one is appreciating here is that SVB was not remotely in trouble. Their balance sheet was fine. Customers overreacted to them making a surprise move to write off losses relating to mortgage backed securities that have decreased in value significantly due to the rapid rise in interest rates, which was followed by a poorly communicated attempt to raise equity. Every bank in the country is sitting on similar loses (think: decades of low interest mortgages). It isn’t a huge deal because ultimately those loans will be repaid, but the bank wanted to offload some and pick up some better performing assets. But clients panicked at the news and started a bank run. This whole thing can be resolved at loss of like ~2% of the bank’s assets per one analysis I read. They just need to find a buyer ASAP.
Agreed. If the banking system was in trouble they would sell it ASAP.
Scot's version of the Wheel Trade is sound and conservative...the likes of a Peter Lynch 29% average annual return (13 years, Magellan Fund) are few and far between, but a great target for anyone, anywhere, in any market. So, 30% simply calculated is a monthly 2.5% return. The past several years have been tough on everyone with long positions in MFs, ETFs, or stocks, and their average returns have been mostly negative. The Wheel is flexible and protective when risking your hard earned money, if you follow Scot's approach. Pick the most liquid ETF or stock you like with great fundamentals, and I suggest tat pays at least a 2% dividend. Start with a non-margined Cash Secured Put at 30 delta, and 42-49 DTE. If the market goes up, your put can be closed at 50% profit, or around 21 DTE. If it goes down, you roll around 21 DTE back out to 42-49 DTE, for a credit. There's a 55% chance on average (10 years) that the market will improve back up, so close at 50% profit. If it keeps going down, roll again at 21 DTE, for a credit. Do this over and over until you can no longer get a credit, around 95-100 delta. This can go on for months, but you are always increasing your account cash and sweep position due to the credits collected, regardless of the stock price. If the market finally trends back up and you have avoided assignment, you will probably come close to achieving a 30% return or more. Have you lost money? No, as you have collected cash along the way. Do you own the stock or collected its nice 2%+ dividend? Not yet. The "hope it goes up" strategy turns out not to be a strategy. You have tried to avoid assignment, as Scot wisely advised. On paper, the credits collected offset any unrealized debits by 15-25%. Now you decide the market hits will keep on coming (rising rates, bank failures, train crashes, crypto failures...), so time to take on the debit of assigned stock price, at your sold CSP strike. Time to sell the front week CSP, 0-5 DTE same strike, by the way, also at 100 delta for perhaps a tiny debit, or even sell one strike lower for a $1 credit. You are assigned, probably that night, so you absorb the debit cost of the stock at your sold CSP strike. But, you have also been absorbing the intrinsic value of the stock strike as you collected credits in each put roll, so you are closely matching the current mark price of the underlying. You will be in position to sell your first covered call ASAP in the same underlying at say, 1 SD, or around 16 delta...keep the credits flowing..., or take Scot's approach to sell ASAP, as you will probably have a small profit or scratch after assignment. Yes, you can wipe out your hard earned credits from the put side by selling below your assigned strike, but here again, active management and patience for the long haul will keep you whole. The CC side is similar, as the yo-yo market can reduce an ITM 95-100 delta CC strike back below ATM for rich buybacks. You decide if and when your position gets called away by following the same protocol for puts, and avoiding ex-div and arbitrage situations. If you decide to get called away, and you still believe in the underlying, then start back with CSPs. Keep reading Scot's comments and posts, as he is a valuable resource on selling options for consistent profits. Good luck!
Why would you bottom short? The drama already happened. You short (or long) ASAP, not 3 days later after the event.
I got a UVXY call,. You think it'll be fine Monday? I wanna sell whatever I made from it ASAP before it goes down
Recruiter: "This resume is immaculate. Bring this guy in ASAP!"
this is why I don't invest. It all goes to zero eventually. Just weekly calls use profits and spend them ASAP!
This should make every investor of Tesla get a chill up their spine and turtlehead simultaneously. Sell ASAP. The whole thing is a Potemkin village.
Seriously if you’re company is called payoneer you probably deserve to go under ASAP
It's rumors, but they seem pretty pervasive: https://twitter.com/joshtpm/status/1634336844673433603 Supposedly he called up Founders Fund companies and told them to withdraw all their cash ASAP.
If I was you I would delete this ASAP
I wouldn’t even say it’s a trap. It hit a 31 year low last week. It’s not like it’s ran up 300% so far. There’s a sub with 50k+ members eating up shares/liquidity. The FTDs due DWARF what was seen last august. Risky positions may get closed out ASAP with the banks going to shit. Heavily shorted stocks seem to run when the overall market is in shambles (worse than bad). This is an easy play. Take your TKRA gains and hit the ask.
I’m more curious about the report that a bunch of VC told their portfolio companies to start cashing out ASAP which led to SVB selling those bonds at a loss. Why was there the initial bank run?
SVB wanted to hold to maturity. Some VC told their portfolio companies to draw out money ASAP. B/c of this initial bank run, SVB had to sell the asset before it was ready thus leading to a loss. B/c this loss had to be reported, it triggered even more clients to draw out cash which led to an even worse bank run. Had no one tried to draw out large amounts of cash, those T-bonds would have matured and principals paid back as deposit. Nothing would have happened. Better questions is why so many startup and VC were taking so much money out.
Yea he’s only telling half the story here. They had to sell bonds bc of customer withdrawal rates. Too many assets in long duration with a customer base that was burning through their balances bc funding for startups is tight right now. They tried to do a capital raise for like 2 billion or something to avoid having to sell a bunch of bonds at a loss and people got spooked and all the VC peeps told their founders to get money ASAP. Think CEO made some pretty dumb statements as well on earnings call or some press conference as well that didn’t help. So poor interest/duration risk management by the bank in relation to their primary clientele who’s financial liquidity is highly subject to interest rates
Eh, the bank fucked up and people responded in a completely rational manner. SVB mismanaged their bond portfolio by investing in LT bonds and MBS, and using bad assumptions in their models. That's all on them. VC companies are usually in a crash burn, so they need to protect their cash at all costs since they don't have any revenue coming in. No cash means no company. If I was in their situation, I'd pull my cash ASAP too. It is the only rational move. There was no benefit to waiting.