52 Week High
52 Week Low
7 Days Mentions
Hard to believe that we’re not heading into a recession when wages can’t keep up with the rising costs of…everything 🤷🏽♂️ you think the feds are going to be able to keep this under wraps by adding .50BP for a couple more months? 🤣
Yep - cash account is nice. You can do same day in and out until BP runs out. I was a cash account for a year or so because it prevented me from overtrading. Switching it back to margin now.. think I'm ready to rock. Hopefully the change is done by EOW. BOL brotha
There is a lot of buying and I have carefully compared it with other oil stocks. I sold BP as it was underwater for some time turned green 1 day bought OXY. Some institution has been buying it daily. It is actually my best performing oil stock.
What do you you mean 100% of what? As you would be familiar with, shorting requires margin. Lets take AAPL for example. AAPL is easy to borrow. To short 1 share of AAPL it looks like Ameritrade requires 50% of the price of the underlying in BP, so ~$73. You are charged interest on that $73 at the interest rate your brokerage charges. If its HTB it becomes different. You are charged a fee on top of that margin interest rate your broker charges.
Aspire BP80 mod kit. If you were a heavy smoker, grab a 20mg nictine salt juice. I'd recommend something really heavy berry tasting. Worth the 50 bucks, trust me. Coils last for about 3,000 hits. Even while still smoking, ding 50/50, you'll find yourself wanting a hit from it more than a cigarette after a couple of weeks. Then when addicted to it, drop down to the 10mg.
[https://optionstrat.com/build/custom/BP/-221021P31@4.00,221021C32x2@1.98,221021P26x2@1.71,-221021C28@3.71](https://optionstrat.com/build/custom/BP/-221021P31@4.00,221021C32x2@1.98,221021P26x2@1.71,-221021C28@3.71) ​ Here is an example of my short synthetic hedging a long synthetic, im betting on scalping a quick spike in volatility with it.
Buying Ford for EV exposure is like buying BP oil for solar power exposure (yes they have a renewable division). Ford is hyping their EVs while barely producing them, let alone selling them. Not sure why folks trying to find the next Tesla. Tesla is the next Tesla. The bloody carcasses of Rivian, Lucid, Lordstown, Nio, Xpeg, Canoe, pretty much all of the "next Teslas" should be evidence enough. Ford is producing an inferior product for twice the price and hoping their brand name will suffice in keeping them competitive. Good luck.
You ever look back on a day and just wonder “was I high?” I am looking back thru my trades today and I have literally no idea what the fuck I was thinking. It’s like I’m looking at someone else making amateur nonsense trades. Moral of the story is make sure you do a line and fully wake up before you start buying 0-days with your whole BP
Uhmmmmm what's your options level and outlook? If you still like them, I would look to sell 3 of the 100 strike (or around there) same exp against them. IDK what you purchased your options at but.. You can get $10.37 per option so ~$3100 in BP right now. If you wait and rebounds, you keep that $3100 and your shares. If it doesn't then you put your shares on someone @ 150, take someones shares @100 and still have that $3100 from selling the options.
I need a cooling off period. So far today I have sold 25% of my total stocks including completely selling out or $GT, $INTC, $PSX, and $BP. Due to the wash sale rules I can't buy back $GT or $INTC for 31 days or I can't claim those loses on my taxes. I think 31 days is enough time to re-evaluate my thesis on Intel and Goodyear and decide if I really want to own those stocks going forward. It actually feels like a relief.
Every stock that rallies is being sold into. I am already hearing co-workers talking about moving their 401k into cash demand deposit accounts since our company offers one. I sold 20% of my stocks today. I am very bullish on Crude Oil but i sold out of $PSX and $BP. Those gains offset selling out of $GT at a huge loss. I sold half of my $LUMN stake into the 8% pop today. I have a couple more limit sell orders right before their resistance levels. Hopefully I am selling at the bottom and everyone can laugh at me.
in 1999, 2 of the 10 the largest companies globally by market cap were oil companies: - Microsoft - General Electric - Cisco - Exxon - Wamart - Intel - Nippon Telephone and Telegraph - Luctent - Nokia - BP (British Petroleum) https://www.visualcapitalist.com/a-visual-history-of-the-largest-companies-by-market-cap-1999-today/
“Oil companies” have nothing to do with the price of gasoline unless they’re one of the few vertically-integrated companies (Shell, BP, Exxon). “Oil companies” are finally making profits after several years of losses. Some aren’t even profitable now due to hedge book losses. I know it’s easy and popular to demonize oil companies but it’s important to understand the entity you’re trying to talk about
Don’t forget the rally last week after Powell announced the 50BP hike. Rallied 3% only to drop 4% (SPY) the following day. They are absolutely rallying crap on negative event days to burn options traders and have been doing this for over a year now IMO.
The whole point of raising interest rates is to cool off business investment and spending so inflation comes *down*. Thus helping the little people of the world and actually hurting the Bezos of the world, who have a ton of their money as company stock. The main fault I have on Powell is they should have done a 25 BP increase back in Sept/Oct of last year when inflation picked up in August.
Since the market bounced in late March there have been 29 trading days. To summarize for Bulls: 1 great day which was followed up but and brutal day, 5 other green days, 8 horrible red days and 11 really really bad days and 3 small red days. Dow has been down over 900 points in 3 of these days and over 1000 in 1 day. When this slide began SPY was over 461 and it’s at 403 premarket, LaDonna’s QQQs were over 371 and its at 304 in premarket. Ask yourself “what has changed overnight?” Gas, food, rent, home prices still crazy, madman ready to do something stupid in Ukraine, we have had only 75BP rate increases and another 2-2.5% are coming this year, VIX above 32, massive supply chain issues, Chyna shutdown over 17 Covid cases, bird flu in US, food processing plants on fire, Fed reducing balance sheet and honestly the Feb has pushed the markets to these crazy prices printing money and buying debt. Bulls let’s not celebrate to soon. Without stock rotation in DOW, 500 and NASDAQ and Fed support since September 2018 the markets would be 15-25% lower. So let’s not do backflips over a 1% pre market because there are a lot of Bulls holding PLTR SOFI COIN RBLX AMC UPST bags for life.
I love $KMI. It's my 3rd largest stock holding behind and a long term hold with the compounding dividends being reinvested back into more shares with a 5.75% dividend. It's more of a natural gas pipeline stock than Oil pipelines stock but they have both. The volatility in $KMI has been a lot lower than my holdings in $PSX, $HAL, and $BP.
The only thing that comes to mind is to run a stock screen based on the mirrored beta value. Example: Netflix ($NFLX) has a beta of 1.29. The mirror value of that is 0.71 (1-(1.29-1)). BP ($BP) is one of the stocks that came up and seems to be inversely correlated with NFLX, at least over a year. The same beta is probably correlated.
I actually went cash position and throwing way out the money secured puts to keep up. When and if a pull run hits , Get a secured put close to strike for Voo and fly up. Covered calls out if it starts getting rocky. Spend more time in cash. This won’t be over for a good year. Also BP, PM, qyld for position tickers. Avoid holding fangs, but play the leverage side of things. Don’t get over leveraged, lay offs are coming and good deals around the corner. Possible some real estate savagery. Good luck. Holding cash isn’t loosing value in cash, just leverage it. Get premiums to enter positions where you think are good deals. Careful of bull traps, covered call out when possible. Rinse and repeat.
Not an individual stock, but whole market end of last month I considered most shocking... because there was no reason. I can understand/accept a downturn when a new COVID variant of major concern is discovered, the FED changed their moneypolicy, Ukraine war started, etc. But last week, while the upspike for Powells promise not to raise 75 BP may have been overdone, the immediately fallback into bear mode and going lower than during Ukraine war start is majorly concerning to me. Add to this flash crashes we had in Europe (crashes that wear ate up again to previous within minutes.. IMO this shows big players are expecting a major downturn when they poor massive amounts onto the market) and then summer and mid-term election years traditionally being a weak time.. all this turned me into a bear as well.
Move 1 - Drive to $WMT location Move 2 - Buy Ben & Jerry's ($UL) rocky road ice cream on remaining margin before call with $HOOD bank card Move 3 - Throw phone made by $AAPL serviced by $T in the river on drive back home Move 4 - Leave car made by $F running on $BP fuel with keys in it and windows down blasting music owned by $SONY on $SIRI satellite radio. Move 5 - Eat ice cream on couch made by $LZB Move 6 - Curl into ball, cry, masturbate with KY Lube made by OTC: $RBGLY Take what you will about how my actions will affect the market. I am a whale, and I mean that metaphorically based on the amount of ice cream I am about to eat.
Thanks for the update! I also ran some tests in QuantConnect on SPY trying to simulate SPX as they don't have weekly SPX data. I came to the same conclusion that naked is better - less commissions and more return on premium. I tried this week doing the spread strategy in taxable and at the $.50 premium SPX option I couldn't get filled with a $0.40 spread on the 100 or 200 strike. In practice the spreads are going for market prices which is $0.20 which isn't worth it at all for my IRA to participate. Reality is worse than what backtests shows. I decided to do the 50% OTM 5 DTE no earnings lotto strategy on PM on my taxable account instead. It's crazy how much BP TDA gives you for the strategy. $50 for selling a $0.05 put 50% OTM. 😁
Based on these inflation rates Fed could probably use a nice shocker of 75 BP to show the economy they mean business on inflation but that would depress the stock 401k’s just prior to a Nov vote. Voters would attribute to the “ruling” party. Opposing party would market the hell out of the “economy” crashing though it’s just stock P/E getting normative.
Yeah I’ve never used options and sadly use cash app to trade right now. Now is probably a good idea to learn options. I got very lucky with BP & AMD, didn’t know shit about the companies besides I love my amd gpu and both had amazing earnings and I made about 10% in each stock in a day from investing about 5k in each. I think I’m gonna stop trading after pulling everything this morning. Everything crashed today, and I have a feeling it will get worse before it gets better.
Overheated US economy : “Jerome, If you think the bare minimum is enough, then ok. But some central banks choose to do more and we encourage that ok?” “50BP is the minimum. You see Brazil over there, 1275 BP of flair” [Bare minimum](https://images.app.goo.gl/jm1aimZiePyNTJDUA)
go into oil now before next earnings come out, BP did amazing so it's gonna keep moving up. Buffett bought Occidental and XOM so you know those are definitely going up at least near term. I bought MRO, actually a profitable company, not $50+ a share, and price targets are in low $30's right now before earnings which are going to be through the roof. Don't be 100% retarded, get in while it's still relatively early. We aren't gonna have $4-$5 a gallon gas forever, get in while the gettin's good
Yes the shs will be deilvered on margin but if your account doesn't have the BP(inlcuding the margin) to carry that position your option will be liquidated at 3pm. They do not liquidate the account but they will liquidate that position. Imagine if the broker had to assign all accounts lacking capital at the close. All those assigned shares would be at risk for market gaps the next trading day and they would never want that liability. If you know a broker that doesn't folllow this practice then share the name. I am sure all the small retail accounts will transfer to them. The same logic applies trading after 3pm where you cannot trade ITM options expiring at the close. If you want to buy 10 contracts of TSLA 1000C is trading $2.00 at 3:58pmET and the price is $1001.5 (itm) you cannot purchase that call unless you have $1m in buying power ($500k free cash +margin).
On Fidelity, I had previously purchased some shares on margin and had a margin debit of about $8000, which was costing me ~8% in interest (yuck). I sold a $10K box on SPX one year out for about $9900 and was immediately shown as having 0 margin debit and about $2,000 in cash, with the margin requirement of the box taken out of my margin BP. I’m not sure why thinkorswim would be different, but perhaps different brokers treat cash proceeds from short boxes differently? I’ve held the position for months and it’s turned out quite well. I’m effectively paying about 1% interest on an $10,000 loan, and the shares on margin are up about 20% in that time. So assuming your broker actually lets the cash through from the sale instead of tying it up in the margin req, they can be quite advantageous if you’re looking to leverage. Selling a box spread and then attempting to buy it back later for less (e.g. after interest rates go up) is also a way to make a play on rho, if you’re into that. Different idea but equally valid.
People trying to rationalize or justify today’s massive pump in the market are hilarious. They’ve been pumping it on what should be negative catalysts for months now. First trading day after Ukraine got invaded they opened the indexes down almost 3% and they finished the day close to flat or green. Last week negative GDP print, they pumped the indexes, terrible CPI reports and Unemployment numbers for months and they would still pump indexes green on those days. It’s become obvious, at least from my perspective, they’ve been intentionally pumping the markets (massively) on what should be obvious negative catalyst days, and my guess is that’s to wipeout as many options buyers as possible. The Fed has said repeatedly for a month now that we were looking at a 50BP hike in May so GTF outa here with the bullshit theory that the reason the indexes had their best day of the year and one of the best days in a decade because we got a 50BP instead of 75BP increase lmao.
I have a strange feeling that big tech stocks will sell off tomorrow and the Dow will be in the red. The rally towards the end of trading was mainly hedge funds borrowing shares to short during after-hour trading in light of the 50 BP increase.
So it seems like market is now under estimating how high interest rates will be at the end of the year. We were told we'll have multiple 50 basis point hikes in a row. If you assume we get 3 in a row, and then back down to 25 BP hikes for the rest of the year, that would put us at 250-275 range for EOY. Market is currently pricing that at 4.5% odds even though we've just received clarity that we will likely hit this or even blow past it. ​ I think today was a combo of a high VIX mean reverting and a technical rally from the selling in the past few days. Tomorrow I'm mostly just watching to see if we're re-entering irrational market territory and I need to go Calls, or if we'll be more flat and I can grab some puts at this 428 range which is a strong resistance
>o guess exactly what the market will do I simply try to not be much wrong on what the market will not do. I don't hit jack pots, but I keep earning income slowly but steady. I am learning. This is sound advice. I plan to start a more blended approach from here and weigh the different strategies better based on risk profile. 1. Hold a few stocks 2. Sell options on stocks held 3. Buying short-term options 4. Buying long-term options Definitely gonna spread and approach it more sensibly. Just need to survive Friday with BP @ $32.50 - $33.
Here is how we go for the next 1-2 months: *rally hard as shit* *CPI data shows inflation hasn't gone down* *Feds talk tough* *Market tanks over the next few weeks expecting more hawkish fed* *JPOW once again goes: Inflation ain't so bad, Economy is strong. 25BP hike*
Demand for oil in Europe is going to surge as they are moving away from buying "russian" oil. However if the situation becomes desperate enough they might buy oil from Russia "by proxy" through another country. I bought 500 shares of BP on hearing this news. Expecting a rise in prices over the short term (6 months)
the dude is a moron and hired morons from BP, one who just quietly quit after 4 months on the job. morons hiring morons. as a star wars fan, i'll always blame him for cutting the budget for Galaxy's Edge. the original approved pitch included droids, spies, bounty hunters, and costumed aliens. now it's just a pretty shopping mall with a few rides.
Jerome Powell: “ITS NOT LIKE WE WOULD STOP HIKING RATES IF INFLATION CAME DOWN AND UNEMPLOYMENT WENT UP, WE WOULD JUST GO BACK TO 25 BP HIKES” “IF WE DO CONCLUDE THAT WE NEED TO CAUSE A RECESSION TO BRING INFLATION DOWN WE WONT HESITATE TO DO IT” “WE’RE A VERY LONG WAY FROM NEUTRAL NOW, WE’RE MOVING THERE EXPEDITIOUSLY AND WE WILL CONTINUE TO DO SO” “MY FAVORITE BOOK IS PAUL VOLKERS AUTOBIOGRAPHY” Buls: Haha money printer go brrrrrr jpow says fuck your puts socks only go up
Yeah. I guess at Intel is now a 3% divy stock too. I just feel I could deploy some of the money better somewhere else right now. I'm not looking to exit my entire position but it would be nice to trim all tax lots bought at $49 for breakeven and buy back lower or deploy that cash in more shares of $PSX, $BP, and $KMI on the dips for dividend income.