Globe Life Inc
52 Week High
52 Week Low
7 Days Mentions
Next week will be very interesting for PROG. With all the ITM Calls GAMMA is a real possibility! I realize PROG has lost its appeal here judging by a lot of the posts but I just wanted to share. GL with all your trades next week gang! I hope everyone prospers no matter what they are in.
Dude. I didn't say it was my ONLY strategy did I. Its my current strategy. Also...I'm not selling naked options at all. What gave you that idea. Take today as an example. Rode $QQQ calls I rolled down and up on Tuesday. Sold them all around noon. I then bought ITM $SPY 440 puts exp Jan 23. Ill sell those tomorrow and then it all depends. You adapt your tactics. Or at least you should. Just trying to help son. GL.
I'm sorry u/slammerbar, I believe you are one of many, I'm sure, that had a strong conviction for this company. As a matter fact, I was beginning to delve deeper myself. GL going forward. But at the same time you can't blame them. Everything is getting hit hard deservedly so or no.
Switched back into some calls. Made good money on T puts, made dinner money off WISH puts, was dumb with my VXX calls but overall solid day. Time to ride this back to green tomorrow then maybe back to puts for Friday depending. GL fellas.
Still no... But you're definitely a petty and unoriginal individual that lacks confidence and ANY creative potential. Surely you can think up something a bit more OG than accusing someone of fellatio. I'm going to comment elsewhere now due to how fucking boring, predictable and normal you are. GL, and as always, I hope you make enough money to dive into a pool full of coke whilst partying with the gang of strippers you hired to party with to celebrate your tendies.
Too complicated of a question.. I’m known to write novels but not as long as you’ll need. I do STRONGLY suggest buying “Trading for Dummies”!! NO, that is NOT a pun! Seriously, it’s on my shelf and well read. It breaks down most of the basics for trading, covers calls / puts etc.; you’ll actually be amazed at how simple it makes the market seem! Just don’t be naive and jump in.. take it easy at 1st! GL Anyway, to those thinking the market will rebound.. HELL NO, IMO!! When the Dow hits below 33k we’re in trouble!! I’ve been shorting like crazy!! That’s the only positive about this market as it doesn’t take long to find your equity pick! I have a daily goal which I no longer stick to as it’s way to easy to short all day!! Then there are days like today I’ll stop trading and BS, watch TV etc. There is just waaaaay too much going on in the “World” to keep the market from its volatility! But I do agree or well am ambivalent about setting new long positions as the market will reverse , the problem is when and I’m more of a traditional “day trader”. The only positions I leave open now are ones on crazy trends that my TS hasn’t hit.. And I hate extended trading so those open positions are about to stop. lol
Obviously not. A true crash would result in a cautious market & years of recovery. The FED liquidity Blitzkrieged from COVID lows to previous ATHs in 4 months. True psychosis, but not a crash. It’s coming though, many of these companies won’t even exist, & all ready shouldn’t. Not FUD, it’s all good, I day trade. So as long as the market is open, I’m into it. GL! 🍻
Interesting! I actually had ABNB on my future playlist but I decided to go ahead and do my own fundmanetal DD since there is a discussion about it. I do agree that ABNB is on a ridiculous valuation and somehow resisting the market sell off this month so I understand your play shorting against it. Even on TA, it has lower highs with flat support on $155-ish so anything bearish could probably melt it down. However, there are somethings that worry me... Here's my reading with 2021's yearly report projected based on accumulation of Q1-Q3. It seems like Q4 shouldn't make a huge difference and usually stays in line with other quarters so I'm hoping this 'expected 10-K' should be something similar. If any, Q4 is big for them since it's the holiday season so this number would be more of the conservative values. In summary, important values I see are: ||2018|2019|2020|2021 (est.)| |:-|:-|:-|:-|:-| |Revenue|3.6 mn|4.8 mn (+31%)|3.3 mn (-29%)|5.9 mn (+76%)| |Gross Profit|2.8 mn|3.6 mn|2.5 mn|4.4 mn| |Margin|76%|75%|74%|75%| |Operation Exp|4.1 mn|5.9 mn|6.8 mn|5.4 mn| |GP/OpEx Ratio|0.68|0.61|0.36|0.81| Aside from 2020 which is a huge outlier, it has a quite 'healthy' looking growth compared to what I thought it would look before I looked into their 10-Q and 10-K. 70% YoY is of course not surprising since 2020 was a disaster, but if we project if from 2019, it's growing at 10% YoY to reach around 6 mn revenue from 4.8 mn. Margin profit seems to be surprisingly consistent, and their operation expense actually dropped phenomenoally compared to 2020, and even 2019. GP/OpEx (Gross Profit to Operation Expense) ratio is a trend indicator I made and use for my own DD which reveals profitability and growth projection of currently unprofitable business, and it's actually... increasing quite strongly too, which can contribute into any bullish narratives (over 1.0 would mean it's profiting). Their EBITDA was -4.4 mn in 2020 but right now they are projecting to be -1 mn, which is a significant recovery. This is also the best value they've ever had since the inception. u/RAGE_CAKES I was actually replying to your comment but then decided to add a little more info and reply to OP. ABNB's 9 months revenue has already surpassed the entire 2019 yearly revenue, and their business model is still in line with their usual operation so I would expect that they will have a crazy high number of bookings. This is literally from their own 10-Q: "For the nine months ended September 30, 2021, our GBV was $35.6 billion, a 98% increase from $18.0 billion in the same prior year period." GBV refers to Gross Booking Value and it doubled 2020's value and that's without holiday season factored in. I wouldn't be surprised to see 350-400 million bookings. TLDR: shitty overvalued company with ridiculous valuation actually with potential of big bull narratives in their next earnings. I see this as a popular overvalued company that Wall St loves like TSLA or SNOW, unlike just overvalued 'meme' stocks that were popular among retails like PLTR or CRSR in the past, so my conviction to short was weakened after looking into their book. GL for OP though, I really think ABNB deserves to plummet at one point. Maybe having puts before earnings is in fact a good idea along with macromarket movement.
Yeah, possible this looks more like the rate hike chicken played with equities in 2018. That resulted in a few choppy months before climbing again. Either way GL. Hopefully bounces back soon because it’s too easy for bears out there.
That little pump was it. FWIW, Don’t know what trading software u use. But if u have some sort of scalp alert, u can see when a new low is followed by a lower low & RSI is increasing, it can indicate bullish divergence. Same when a new high followed by higher high & RSI is decreasing. Some here think that shit is hocus pocus, but in the thick of the fight, while it doesn’t mean it’s going to straight up reverse, it can give some perspective. My main day trading entry/exit indicator. Have a great weekend. GL! 🍻
I expect a lot of growth and raising targets. They have 30b cash to weather this BS storm at same time demand is super high, they can say they locked in debt at low rates so that’s a plus. Chip shortages will be issue, I bet by then they’ll say a concrete plan and resolution is in place. So yeah..GL
Don’t like people here losing money. Things go up/down, gotta make a choice to ber/bul/theta. But can’t wait to see these fukin insta/yt/tiktok ‘gurus’ on the side of the road begging for anything to survive. I will give them food, though. We all make mistakes. Especially when we think we’re geniuses. GL, All. 🍻 SPX 0dte 4575p
okay intrest rate is oficially priced in IMO. Tues/Weds will be uneventful. IMO there will be a huge spike in indices to the upside now until Tues Weds. Then we'll be flat and mildly volatile to create some more FUD yet stay pinned. Macro wise. TLDR: heavy near term Calls on indices. GL out there. not FA,
Could have said the same thing two days ago. Ridiculous sell off, but doesn’t mean everything has to rip from here. The charts this year have been spot on, something they haven’t been in a long time. A little relief is in order, but not necessary. Look good for Buls, at the moment, though. GL!
When it comes to squeeze plays it’s all about pressure. Selling too early kills that. Honestly a lot of people here are fine making %100 returns on $500 invested. It’s steady income. I don’t blame them. No one really knows how bbig will play out today. If it squeezes you will see %100+ jumps that will continue throughout the day with halts. Otherwise it will essentially trade sideways or drop until another catalyst shows up. If you aren’t going in with options you can move in and out of the stock (but there is a day trade limit so be careful). If you are thinking the same as the people who are comfortable with small returns for steady income, buy TSLA shares tomorrow when the dip ends and sell within a week after earnings (January 26th-February 3rd). Don’t hodl. Sell when you are comfortable lol If you want real money, options are the way to go. But, it’s high risk, high reward and you will get slaughtered if you play the game with emotions involved. My plays are 80% options, 20% share plays. My best play was gme $1k option that turned to $10k in 3 days (I bought 4 of them). I’ve lost plenty too (only on gme though lol). When it comes to share plays, someone may be more knowledgeable than me and might give you advice. I can’t really speak much more on it due to my limited experience though. GL