Energy Transfer Equity LP
$-0.21 (-2.03%) Today
52 Week High
52 Week Low
7 Days Mentions
I hereby anoint $REV as the official meme stock of 2022. Here's how last week went: bankruptcy declared, stock goes +290%, and volume touches 56M (avg 252K). Retail investors are forcing hedge funds cover their shorts (sound familiar?). REV once sold shares for $536 apiece. Time to send them home.
I hereby anoint $REV as the official meme stock of 2022. Here's how last week went: company declares bankruptcy, stock shoots up 290.14%, and volume touches 56.06M (avg: 251.57K). Retail investors are pushing up the price and making hedge funds cover their shorts. Time for a squeeze!!
Revlon Buyout it getting hotter in India, With 73% SI and 107% Cost to borrow are we going to $10, $20 or $100? . Indian conglomerate Reliance Industries is considering buying out Revlon Inc in the United States, days after the cosmetics giant filed for bankruptcy, ET Now reported, citing sources.
Novation Companies Inc. OTCBB $NOVC spent est $13M on Ch 11 (official exit April 2019) including paying est $7M to top bankruptcy advisors, https://carlmarks.com/ & Mr. Joel Sher of Shapiro Sher who accepted an award for NOVC being turn around of the year 2017 from M&A Mag
View in your timezone: [06/17/2022 4:27 PM ET] [07/07/2022 7:00 PM ET] [07/08/2022 11:00 AM ET] : https://timee.io/20220617T2027?tl=Exchange%20offer%20for%20ORPHAZYME%20A%2FS%20SPON : https://timee.io/20220707T2300?tl=Exchange%20offer%20for%20ORPHAZYME%20A%2FS%20SPON : https://timee.io/20220708T1500?tl=Exchange%20offer%20for%20ORPHAZYME%20A%2FS%20SPON
The final redemption deadline per SEC filings is 5:00 on Friday July 1. Broker’s deadlines are typically the morning of the day before that deadline or the end of the 2nd day before that deadline (so this afternoon or tomorrow morning). For TDA with GGPI it was 12:00 ET the day before the formal redemption deadline - so assuming this is the same, their deadline would be tomorrow at 12:00. The other question is whether shares bought today can be redeemed if your broker’s deadline is today or tomorrow - the shares would settle by the Friday deadline, but not by the broker deadline. I advise checking with your broker on this as well if you are planning to buy today to redeem.
So a few odd balls that I like: ET - energy transfer EPD - Enterprise Products TPL - Texas Pacific Land BBU - Brookfield Business Partners BIP - Brookfield Infrastructure Partners ​ Top 2 are MLPs in midstream oil & gas , TPL is a royalty trust that recently converted to a corp , BBU is Canadian PE , BIP is MLP for various infrastructure projects (toll roads, water works, etc)
Nope. Easiest way to fool the masses. Neither inflation nor population increase, and especially not the economic powerhouse that is China now vs say 25 yes ago, but that’s a different topic. Movies like Titanic, Star Wars and ET was seen in theatres by like more than half of America. Idk any of my friends who went to see Top Gun
As others have mentioned, you can't redeem at any time, only upon a merger (up to 2-3 Business Days before the vote) or the expiration of the SPAC investment period (usually 2 years from IPO, but can vary). A variation on your proposal is possible by buying and redeeming SPACs that are trading under NAV and are about to merge/expire and then redeeming them, which can result in decent returns. This is not quite risk free though as the following issues may apply: 1) The merger may not go through, which will leave you with the shares, likely having dropped in price by anything from5 to 15 cents. While votes rarely (never?) fail, the merger agreement itself will often have a minimum cash condition to closing. If there are too many redemptions (by smart investors like yourself looking for risk-free yield) that condition may fail and the target will have the option to terminate the transaction rather than close the merger 2) Settlement: You have to be careful that you buy shares far enough in advance that they settle in your account prior to the redemption deadline. Typically this is 2 business days before the redemption deadline, but you will definitely want to check with your broker if you are cutting it close. 3) Broker logistics: The SPAC's definitive SEC filings setting forth the merger vote date will specify a deadline for redemptions (typically 5:00 ET on the 2nd business prior to the vote) but each broker will have an earlier internal deadline, so make sure you know your broker's rules. For example, GGPI/Polestar's official deadline was 5:00 on June 17, but TDA's deadline was 12:00 on 6/16). Also make sure to allow enough time to allow for getting stuck on hold, etc. - you don't want to miss the deadline. 4) Broker fees: Most brokers will charge a flat fee for redemptions (regardless of number of shares), which can significantly reduce your returns unless you are redeeming large numbers of shares. The fee varies by broker (TDA is $38, I think RH is free) so definitely check with your broker (and ask for a waiver!) before you do this.
I sold my boomer SPY and VTI shares (VTI today, SPY over course of last couple weeks) Now that the general markets will surge, I expect reparations from you all for my salvage. I would avoid things like UBER, CCL, ET since I am still holding shares. No other reason. Cheers
Heres what I'm thinking of picking up tomorrow with a 5-10 year time horizon in mind. AAPL 5 shares - 675 MSFT 5 shares - 1260 GOOG 1 share - 2240 RTX 10 shares 1388 AMD 10 shares 837.5 ET 75 shares 750 BRKB 5 shares 1280 Total: ~$7,968
Heres what's on the menu for tomorrow. 5-10 year time horizon AAPL 5 shares - 675 MSFT 5 shares - 1260 GOOG 1 share - 2240 RTX 10 shares 1388 AMD 10 shares 837.5 ET 75 shares 750 BRKB 5 shares 1280 Total: ~$7,968
Heres what I'm thinking about picking up tomorrow. 10 year time horizon at a minimum AAPL 5 shares - 675 MSFT 5 shares - 1260 GOOG 1 share - 2240 RTX 10 shares 1388 AMD 10 shares 837.5 ET 75 shares 750 BRKB 5 shares 1280 Total: ~$7,968
There's rumors that digital ad revenue is falling on Youtube. Look at what's been happening in $FB/$META. I would be hesitant to buy $GOOG before their next earnings. I think $MSFT is a much safer buy. $AAPL is still too expensive but you'd prolly be ok 10 years from now buying Apple. I would buy $MSFT and $AMD off your list. I'd buy $ET as a trade but that's a 6 month-2 year holding not 10 years.
Revlon looks like an awesome stock for rapid gains. Here's how last week went: bankruptcy declared, stock goes +290%, and volume touches 56M (avg 252K). Retail investors are forcing institutions with short positions to keep up by also buying more. Price movements aside, we should acknowledge that this "bankrupt" company isn't truly bankrupt. Revlon has been a household name for decades and will continue to be so for the foreseeable future. This means that the company still retains a great deal of intrinsic value. There are strong rumours that a corporate acquisition of Revlon is imminent. For these reasons, retail investors are betting that the stock price is heavily undervalued. By buying it, institutional investors who hold short positions on Revlon are now forced to buy extra shares to "cover their shorts" – hence the reason for the massive surge in volume (56M today, 252K average). Ok boys now let's forget about all that smart stuff and focus on what you really want to know: if you bought yesterday's dip at, say, $6.39, you would've bagged returns as high as 51.96% ($9.17) by 10:15 ET this morning. Right now we’re in a dip, with strong volatility highly likely just before closing today
I hereby anoint $REV as the official meme stock of 2022. Here's how last week went: bankruptcy declared, stock goes +290%, and volume touches 56M (avg 252K). Retail investors are forcing hedge funds cover their shorts (sound familiar?). Price movements aside, we should acknowledge that this "bankrupt" company isn't truly bankrupt. Revlon has been a household name for decades and will continue to be so for the foreseeable future. This means that the company still retains a great deal of intrinsic value. There are strong rumours that a corporate acquisition of Revlon is imminent. For these reasons, retail investors are betting that the stock price is heavily undervalued. By buying it, institutional investors who hold short positions on Revlon are now forced to buy extra shares to "cover their shorts" – hence the reason for the massive surge in volume (56M today, 252K average). Ok boys now let's forget about all that smart stuff and focus on what you really want to know: if you bought yesterday's dip at, say, $6.39, you would've bagged returns as high as 51.96% ($9.17) by 10:15 ET this morning. The price has now dipped slightly to $8.43 so I say we buckle in for the rally and ride this thing all the way to the moon!
View in your timezone: [June 22 at 6pm ET] : https://timee.io/20220622T2200?tl=CNBC%20Exclusive%3A%20CNBC%20Media%20Alert%3A%20Meta%20Founder%2C%20Chairman%20%26amp%3B%20CEO%20Mark%20Zuckerberg%20to%20Speak%20with%20CNBC%E2%80%99s%20Jim%20Cramer%20on%20%E2%80%9CMad%20Money%E2%80%9D%20Tomorrow%2C%20June%2022%20at%206pm%20ET
The stock market sell-off could be just getting started David Goldman byline By David Goldman, CNN Business Updated 6:52 AM ET, Tue June 21, 2022 Market proceeds to have face ripper that very same day. CNN is a fucking shit show 😂
GOP calling for fellow party member to take up arms against one another. Bullish RGR. Republican Eric Greitens urges supporters to order their ‘Republican Hunting Permit’ in gun-heavy video BY SARAKSHI RAI - 06/20/22 11:17 AM ET
Economic Calendar 6/21 Chicago Fed National Activity Index (8:30 AM ET) 6/21 Existing Home Sales (10:00 AM ET) 6/21 Fed Barkin Speech (3:30 PM ET) 6/22 Fed Chair Powell Testimony (9:30 AM ET) 6/22 Fed Evans Speech (12:50 PM ET) 6/22 Fed Harker Speech (1:30 PM ET)
The likelihood of ITM options not getting exercised or OTM options getting exercised is largely dependant on what happens from 4:00pm ET(market close) to 5:30pm(deadline to make your decision to exercise or not exercise, some brokers may require an earlier time like 5:00pm). Example 1: Stock ABC closed at $100.05 on expiration day but 30 minutes later in the after hours session it is at $99.90. A $100 call would be in the money by 5 cents based on the closing price but why exercise and buy at $100 when you can buy for $99.90 after hours? A $100 put is out of the money based on the closing price but you can get a 10 cent profit by buying the stock at $99.90 after hours and exercising the option to sell it at $100. Example 2: Stock ABC closed at $99.95 on expiration day but 30 minutes later in the after hours session it is at $100.10. A $100 call would be out of the money by 5 cents based on the closing price but you could profit 10 cents by exercising the call to buy at $100, then sell after hours at $100.10. A $100 put would be in the money by 5 cents based on the closing price but why exercise and sell at $100 when you can sell for $100.10 after hours? The closing price only determines if something will have an automatic exercise but you still have until 5:30 to make a decision based on after hours moves. This is why there are no earnings announcements on friday after the close. Options are expiring and waaay too many people would need to contact their broker about options exercise instructions. There are also people that wouldn't know they need to do it and they could lose money because of it.
ET is officially under $10. i told myself i wouldnt play the market anymore but buying 2024 CALLS on ET for pennies at this level was just too tempting to resist. more oil rigs coming online than ever, dem's getting slaughtered in the upcoming midterms, and the usual winter natural gas rally might actually give me a 5-10x bagger here.
This is when you sell puts on > 1 standard deviation strikes on low PE stocks that got hammered. XOM, RIO, BHP, BP, SLG, STWD, ET... Get paid close to %1 of notional for a %95 chance of profit and use up almost no buying power.
>When you're shorting (selling) a put, what you're essentially doing is selling the right to sell 100 shares to someone else (i.e. you), right? so theoretically wouldn't they be "buying" your option to be able to sell their shares to you? or am i overcomplicating things? You made it sound like someone is buying an option *at the time you get assigned*. You have no idea when the party who is exercising bought to open their position. It could have been 5 seconds ago, a week ago, a month ago. Buying an option, and exercising it, are two different things. > > >i believe i'm starting to understand though. so if you're perhaps shorting a call that gets exercised and you don't have the capital to buy the shares, you're going to get margin called, correct? and that's what's called a naked option? Yes. > > >and at the risk of sounding stupid, you can never exercise an option you're shorting yourself, correct? it's not like you can choose or elect yourself for assignment, right? that's up to the market makers and completely out of your control? Correct. > > >lastly, regarding the previous example, why would the OP let the options expire? wouldn't it have made more sense to close the trade as soon as it gained some sort of value that close to the end-of-day? was it just a dumbass gamble? Yes, he should have close the position before expiration. But he had a 266.50/266 put credit spread, and SPY closed above 266.50 that day (it closed at 267.67.) Thus, he thought his spread was expiring with both legs OTM, which would have given him max profit. However, he neglected the fact that, while options can only be *traded* until 4:00PM ET (or 4:15PM, in the case of some options like SPY) they can still be *exercised* until 5:30PM. So that day, in after-hours trading, SPY dipped below 266.50, putting his short leg ITM, and a bunch of longs out there chose to exercise, and so he got assigned. This is a good lesson in why you should always close your positions before expiration.
in energy i have 2000 ET, 3000 EPD, 1600 XOM, 2500 ERX, and 500 XLE in my accounts. So I’m still bullish on all US energy stocks. Exxon and Chevron are big so the politicians will always attack them so you need a strong heart to hold them. Most energy is still undervalued.
Revlon Stock Soars on Report of Potential Acquisition Out of Bankruptcy By Lina Saigol June 17, 2022 7:04 am ET Revlon (ticker: REV) stock soared more than 53% in premarket trading Friday after a report said Indian conglomerate Reliance Industries (RIL.India) is considering buying the cosmetics maker after it filed for bankruptcy. The news was reported by Business channel ET Now, which cited unidentified sources. REVLON REV TO THE MOON