PDS
Precision Drilling Corporation
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-100.00% Today
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Perfect Swing Play Setup -- Avalon GloboCare ( NASDAQ: $AVCO ) has an (mRNA)-based technology platform and we could see an IND application any day now
Protip: $CLF isn't the only materials/energy stock that is close to popping a short squeeze. A lot of commodity stocks (especially small caps) are overshorted right now
$PDSB, PDS Biotech Advances the Fight Against Cancer with its Versamune Platform
$PDSB Low floater shares are scarce 40%+ locked up by institutions & insiders. 22 million shares outstanding.
Mentions
PMCCs offer returns that are far outsized compared to wheeling, and there are ways of dealing with downside protection (collars, PDS etc)
PDS Biotech Announces FDA Alignment on use of Progression Free Survival (PFS) as Primary Endpoint PDS. accumulate where u deem fit. DYOD
Thanks. I wish it had LEAPS, because I'd rather go longer, but 167DTE meets my self-imposed rule of >100 days. And I always do 80-delta or higher. And thanks for bringing copper to my attention again, but early this year I swore off of individual stocks (again) in favor of ETFs. **COPX**, the copper miners, holds PDS, and to my eye beats PDS on the 3-year, 1y, and 6-month views. Though PDS edges it out a bit on the 3m and 1m views. Plus the ETF has 1y LEAPS. And ETFs are mostly immune from single-issue risk, like an accounting scandal or (heaven forbid) a mine disaster and subsequent lawsuits. Take care.
Options on **PDS** are really thin, but the 60C's in both March and June have 20 OI, the highest Call volume across any of the expirations. Is that the play, you think, the 18Jun60's at 86-delta selling for 15.30? That would give you 4x leverage to shares (delta-adjusted). Thanks.
PDS pedo derangement syndrome
Yeah. I understand that. But if you look back at the historical prices of these companies, they're hugely down from their alltime highs. NBR down 98%, PDS down 93%, PTEN down 83%, HP down 75%. So the peak valuations were about 10X higher than they are now. I'm not saying it's unwarranted, just that for such a large industry as oil/gas in the US, the drilling contractors valuation is tiny.
Carrying PDS on SPY approx 365dte delta -0.20/-0.15. Purchased at very low IV. Provides limited protection with near-zero theta bleed. Can't claim it is an ideal strategy but it makes some sense to me. Critiques welcome.
PDSB announced they will share new data on PDS0101 and PDS01ADC at SITC Nov 7‑8, with Phase 3 in progress and FDA meeting for accelerated approval. This is coming 1 day after announcing they have requested to expedite FDA approval. They're going in the right direction. Hope the results are good
PDSB hope we can see similar volume today. If not more. Resistance at 1.16 can easily shoot to $2 for a momentum play. If Phase 3 is a success with FDA approval, we should easily be above $15 IMO. Low market cap for this biotech stock. Notes: PDS0101 vaccine shows 3x longer survival in head and neck cancer and now seeks expedited FDA approval. Their products work and have been tested.
PDSB don't miss out. No dilution. $10 target once FDA approval hits. PDS0101 shows strong survival results in HPV16-positive head and neck cancer. In Phase 2, patients lived a median of 39.3 months with PDS0101 plus pembrolizumab, compared to about 10–12 months with standard care. The data suggests it works better than existing treatments and has mild side effects.
This? "...today announced that after recent review of the final VERSATILE-002 data, the Company has requested a meeting with the Food and Drug Administration (“FDA”) to explore an expedited approval pathway for PDS0101 in HPV16-positive Head and Neck Cancer. "? Or did an actual approval drop?
Can we squeeze PDS Biotechnology guys?
they saw i finally put that 30dte PDS insurance hedge on my portfolio and now it’s onward to 7000
Ghey bers have PDS. Profit Derangement Syndrome.
OK - this strategy is a complete wash! It's supposed to be MORE profitable if the price drops below the Put Debit Spread's strikes; into the 'max profit zone'. I placed a Put Condor on SPX today and used the ATM strike (6390) for the long leg of the PDS. SPX has since dropped to 6374 and instead of gaining in value it's LOSING money! WTF?!
Here's something to think about, and this is simply SPX 1-minute data from January 2024 to present: Sell credit spreads or buy debit spreads at opening range: PCS or CDS if trend up, CCS or PDS if trend down. Execute time: 10:05am, requirement: spot must be more than 15pts away from open by 10:05am. You can close the trade by 12pm if mean reversion gets within 10pts of your short position (or long, depending on whether it's a credit or debit spread) and completely close by 3pm. Win rate is 73%.
He has PDS. It makes me smile that this one guy who he hired is giving him this much grief. Ofc we all know that it’s really the ghost of Epstein that’s haunting him. Sleepless nights, grumpy demeanor, angry posts. We are definitely getting under his skin. Let’s keep going and see how mad the mad wanna be king can get.
We're talking about different things. Press releases are real time for most of the information within SEC filings. They are not real time for SEC filings, which are first published on the SEC website. For filings published on the SEC website, instantaneous is a bit of a clunky word. I'm using instantaneous to refer to on par with commercial alternatives which typically update within 200ms of the RSS feed. (Although, should be noted that the RSS feed while generally faster than say PDS, is sometimes incomplete - which is why I also use the EFTS endpoint to validate completeness) You can get SEC filing metadata \~30s faster than the RSS feed, at the acceptance datetime timestamp, and the content of a SEC filing \~500ms-2s before it's published on the RSS feed using some predictive algorithms. I haven't done that here, because I don't have a use-case yet.
Spare me your pump fake cloaked as DD. It's cringey. Clear risks: Dilution: The company conducted a registered direct offering in February 2025, raising approximately $11 million through the sale of common stock and warrants . Future capital raises could lead to further dilution of existing shareholders. Revenue Generation: As a clinical-stage company, PDS Biotechnology currently does not generate revenue from product sales, relying instead on funding to support its operations.
To summarise what I understood from the three abstracts published: \- PDS0101 is well tolerated, no new side effects, and the only side effects are very mild anyways. \- ctDNA is a non-invasive biomarker, and in combination with Keytruda as intended, does reach the primary endpoint (5 in 10 patients) with scope to investigate further \- Combo increases overall survival by around 10 months, over 50% from baseline. It's at $2.27 right now 👀
They’re lying and ultra greedy. Here’s a HeyDay cable from [Target for $17.99](https://www.target.com/p/6-39-usb-c-to-usb-c-braided-cable-heyday-8482-black/-/A-87975301?sid=&TCID=PDS-14396074504&gclsrc=aw.ds&gad_source=1&gad_campaignid=14396074504&gbraid=0AAAAAD-5dfbYWTACHn_JanB1MV3-t1CPX&gclid=CjwKCAjwravBBhBjEiwAIr30VNBMl88GqDC57EotuMoGXU9uYtALZrYVPSjm96LAQFI9gPxXUKAO2xoCfpgQAvD_BwE) Here is the vendor they most likely buy them from [what they buy it for](https://m.made-in-china.com/product/5-Pack-Super-Speed-3A-Nylon-Braiding-USB-Type-C-Cables-895833075.html?pv_id=1irl84enicd2&faw_id=1irl84f0ibd4&bv_id=1irl8567o6d3&pbv_id=1irl82k5md41) But muh prahfitz!!!1!1!1!1!1!1!!! Muh 7000% margins are ruineddddddddddddd Ohhhhhh noooooo! I can’t have tariffs eat into my 3000% margins!!!!1!1!1!1!1
Well you know it’s in a long term down trend one bear rally doesn’t change that. Just wait till it goes up and buy some PDS a couple weeks out. If it rallies against you just turn them into Christmas tree spreads.
Short SPY 500/490 PDS. get in!
GS PDS $460/$455 - I got this debit spread for half the spread size and it was already at the bottom end of it - it was a rare opportunity. Nice profits by open.
iPhone, You got this one, I'll grant you. Apple maps, F/OSS software/"services." You can "de-Google" if you are willing to do it, but it's a huge hassle (like Linux and alternatives to Photoshop and other Windows-only software that you might need for industries/work), so most folks don't bother because at this point intertia keeps them tied to services (see: Facebook and people being unhappy, but not wanting to use F/OSS stuff. Or a better example: Mastodon, a lot of people bounced off that because it wasn't a one-stop-spot that Blue Sky \[another Twitter clone\] sort of resolved despite Blue Sky wanting folks to use their own PDS and DNS for data processing/ownership and verification, essentially). Like, YouTube and their search engine (as shit as it's gotten) are the only two that you sort of need in your daily life, and even then...
Found the PDS victim, Putin derangement syndrome
I had both a 3/7 287.5/292.5 CCS and 3/21 260/255 PDS on TSLA. Closed the call spread for 80% gain. Hopefully the put spread will start to print tomorrow. Double 🌈🌈 all the way
I’m sure all their families are involved too. One of trumps kids is on the board of UMAC involving military drone company RedCat who just got awarded SRR US Army contract for 80-100M. They all do it and they all use their families . But my point remains the last few years a bunch of people in the house have smashed Pelosi but people have PDS or something.
I currently lived in China so I can fell the economic is pretty bad. People just not willing to buy these kind of stuff when they have chaper products in Baba and PDS.I asked these girls just 10 hours ago what they saw and fell about lulu products during their daily life. The feedback is bad and it seems like young girls tends to find cheaper and not overpriced products these years.
Calling out democratic politicians is all they care about. If you call out a republican, it's 'political' and shouldn't be in this sub. Then it's down voted. It's just PDS
Yeah. PDS is rampant on this site
From my experience with ETN's they usually have a clause in the PDS where if the underlying falls a certain amount where the leverage would basically cause an equivalent of a margin call, the whole ETN gets liquidated. Because a lot of these products are structured using futures or options, I believe they operate the same way. But yes, if it crashes so badly, you essentially lose all the money you used to buy the product. Look at xiv and svxy when volatility exploded back in 2018 for a historical example.
Ugh no. Debit spreads can be both. PDS and CDS are different directions.
if it were me I'd do a put debit spread, I'd wait to see if the market re-traces if turns over get in after confirmation of that say a 94/95 PDS for about 20c for oct monthly exp 10 contacts risking $200 to make a max of $800
1. I explained this in the post, covered my thoughts on CDS/PDS for pre-earning's, and what I would do for every phase of earning's. Even detailed the relationship with IV using CDS vs calendar and how it affects short & long legs. Reread the post a few times, harder to follow these kind of posts less beginner friendly but will click in time. 2. You don't exploit IV crush unless you're opening a structure which benefits greatly from selling options like Iron Condor/Iron Butterfly. You're asking if you can not be right about direction, in a sense you're looking for a neutral strategy which benefits from IV crush, Iron Condor. However, I'm not exploiting the IV crush. I'm avoiding it by buying long legs 90-120 days out, am selling my short leg when IV is highest to receive lots of premium but the IV crush is kinda irrelevant, it just accelerates the premium received like a time acceleration bomb going off affecting short legs benefiting me, but not hurting my long legs which are so far out. You're looking for what I was looking for when was a beginner, you'll come to the conclusion you have to pick direction. If you want to be a real trader you have to make real bets picking direction, not just *give me money either side please.* Even though there's strats for that they are kinda ineffective in reality. 3. Same strikes, if I open $290 calendar when price is $280, if price runs to $310, my extrinsic value will deplete and am left with intrinsic value only especially closer to expir. so with both strikes basically starting the race at $290 they finish the race damn near equal making it harder to profit. If I place the strikes further apart, the long legs will have more intrinsic value than the long legs if strike is breached like $310 example. If I use $290/$305 strikes, now my $290 will have a lot more intrinsic value than the $305 will have making it easier for me to profit. This is if your strikes are blown past which can happen.
I do think you’ve over engineered it a bit, but we’ve all done it, lol. If you want to play the pre earnings like you’re suggesting and close prior to the print, go with an iron condor or iron butterfly and manage it, it’s doable and less stressful that what you’ve suggested. I play post-earnings all the time, but it’s usually directional and one I’m confident that there’s been a market overreaction one way or the other. CSP on a stock I want to own, CDS/PDS or diagonal on a run up/down, calendar is nice when I think it will take a few weeks/months to correct (nice play on V a few weeks ago this way). Strangle/Straddle works too, but when I’m less confident in the market’s reaction to the report. Happy to talk it through, I learn something new all the time on these subs and it’s great seeing someone to work through a new strategy.
Same here man. Really want a Genesis Gen12PDS. Baaaaad assssss! 1 or 2 more Green Day’s should do it.
Different underlyings. The PDS trade is the 1-1-2 and I put it on as a campaign using /ES. 120 DTE every 2 weeks. Other trades depend on chart setup.
I also like to look for rangebound stocks - for instance PDS is a name I like to keep tabs on because it trades between $50 and $70 fairly predictable throughout the year in-line with summer/winter oil demand cycles. Then on 0DTE's I'm trying to avoid holding anything past 11am. I had a couple days where I'd reach my target price but since it'd be so late in the day, I would have made sense to sell a couple hours earlier at a lower underlying price.
There it is. The PDS we all wait for
Interesting. PDS is put diagonal spread I assume? And the short puts are the shorter dated ones? What’s the difference in the dates? If the market drops to 497 and the shorts expire would you sell more or just close? Apparently I have a lot of questions
The series of PDS I bought when the market was going up, ranging front $2-$4 apiece on $7 strike spreads. You just gotta time it right. Buy 10 first for $5, the. When it drops a bit, you sell the farther out one for $3. Boom. You’ve created a $2 spread with $700 profit potential…and ten of them I must add. And then you do it again. And again. And again… Because the market is regarded enough to let regards like me trade options.
My 494/487 PDS that I bought for $0.02 apiece are BEGGIN’ for that
so after doing my homework. czr. wynn. mgm, have earning reports this week, they got a big chance of green because las vegas held superbowl this year. Copper reaching 2 year high and probably beating all time high, so copper miners (hbm, ero, tgb, fcx) but commodities are boring. Oil was going up last week $PDS but moves so slow, and ibrx is going up on popular demand but biotech is a casino.
I wanna buy some energy calls. Keep trying to average down on my PDS calls?
I’m probably doing this for the next bit, too. Opened a weekly PDS right before close, it will likely top out tomorrow at this rate.
BMBL put debit spread, buy: 13.0p 3/01/2024, sell: 10.5p 3/01/2024 Sold some BTC with this rip, around 1k worth sold, still holding around 2k, total profit of around 600 grinding it this week, and bought 5 more GOOGL class A shares to bring up to a round number of shares Expect the PDS in BMBL to work out at 100% profit, but we'll see! Just some casual trading
People in here are dumb as fuck. Thinking the nikola product is the issue - it’s not. It’s their cash. The product is actually damn good. If you don’t believe me.. look at major drayage operators in SoCal: talon logistics PDS drayage - who by the way has nikola trucks on display in their corporate parking lot off of the 91 freeway in Compton Harbor pride - already operating several in POLA List goes on. It’s baffling to me how some of you keep referring to their product… I know some of you speak out of your ass and I’ve got my own concerns about this company… but their product is actually proven now lol
If you have actual, technical reasons to believe it will fall, then do a PDS (put debit spread)on it. Maybe buy the 900P and sell the 890P against it? Limit your risk or you'll regret it.
This just isn't true. A 112 with a 90-120 DTE, 25/20 PDS, 7 naked puts runs you about 1.5k BP. You want about another 1-1.5k cash in case the trade goes against you. Doing the same on /MCL takes about 1k BP. You want 1k cash to cover. OP can easily run two 112s with 5k in span margin on futures. Is this the best thing he could do? That's a different question, but he could absolutely do it with 5k.
Wide put debit spreads is what I have. Lets say I have a position size of 5 contracts. What I like about them is that, on bullish days like today (FOMC decision), I can lighten (remove 1 or 2 contracts) from the long leg and keep the short legs size as is so the loss on the overall PDS due to a mega bullish move is reduced.
Have 39 $20p 12/22 Cava Contracts & 10 $26/$24p PDS For 12/22 - Looking For A DKS Like Spiral
Consolidation loan. I heard few ads of PDS debt who buy your debt and give you more flexible options. I haven't tired personally.
50 $205p/$190p 09/01exp PDS on TSLA @ Market Open, Then Selling 30 Minutes Later After Riding Wave Down
I'd buy 50 contracts of October PDS 80 calls. I am not as sure as I was when I bought August calls but there is some chance you could hit your goal if you don't lost it all.
How? They could be 2 years out atm or a quarter out itm, or PDS etc. There is no way to estimate this with the given information. OP is also a moron because it is $738M when this is filed, it could be down quite a bit if it was months ago, not $1.6B.
For every net credit transaction you can switch it around and make it a net debit because of put/call parity. For example, a CCS can be turned into a PDS simply by switching the put and call sides and you have the same P/L graph. So no, selling isn't better than buying.
I get most of my world news from PDS News Clips on YouTube and my economic news from the daily thread on WSB. It's actually been going pretty well
Here is a different suggestion for you. Buy a long dated put for August at $430 and sell a weekly atm put on dips against your long position. Close it on pumps, rinse, repeat. This works because people are buying PUTS thinking NVDA is going to drop any day now. If NVDA actually does drop you can roll the short PUT out a week or two and down a couple strikes for a small credit and make it a PDS. I would venture NVDA has been over-valued at $300 since before earnings, yet here we are.
My point is that your P/L is no different than, and the Greeks are identical to, an OTM PDS when the CCS is ITM. This is a point of confusion even for those who frequently trade options - your position currently has negative theta, for example, not positive, as you might expect from a credit spread. In other words, there was zero difference between you opening this credit spread and a put debit spread with the same strikes - the max risk is identical, the max gain is identical. If you are making a purely directional trade there are better instruments than options for this purpose.
ITM credit spreads have the identical Greeks and P/L profile as OTM debit spreads at the same strikes. So while this position is ITM, you will see the same behavior as if you had purchased an OTM 220/230 PDS. You will not see theta decay until the short leg goes OTM. As the other poster said, look at it in optionstrat or on your platform if you don't believe that.
I'm launching a rocket to space. 🚀 It will go to a low Earth orbit first, might lose a little altitude, but then we'll do another burn once we're in position. 📈 It will cost lots of money. 💰 Always read the PDS. 📃
Yes and at the end of the day you're still banking on whatever your spread is to go a certain direction. I.e. a PDS and CCS are wanting the same outcome So it's no different
Right and one can adjust their PoP to increase the chance of profit. The 55/50 PDS is great (I was going to suggest the 60/50 one). Also highest chance of losing too. If he wanted to increase PoP at expense of profit, he could do a 70/60 or even a 100/90 PDS. Make less, but higher chance of making that less
[Storm Prediction Center issued a PDS Tornado Watch](https://www.spc.noaa.gov/products/watch/ww0572.html). Is Generac going to go up? Yes this is a shitty Veteran's joke for loose. In all seriousness, Mississippi, I feel for ya today.
PDS was a Burry play last year? He made me some money on that one!
That is a really tiny OTM put fly. How much did it cost you to open? I know it's on /ES and I don't trade futures, but the thought process is probably the same if it were on SPX, for instance. That put fly right now on SPX costs like 0.3 ($30). Max profit is 9.6 ($960). If the debits are similar I personally would just leave it alone. You are going to lose very little, and it's a lotto ticket if you happen to nail it. But I would expect you to lose 97% of the time. 1) if you close the bear side, you are closing the put debit spread (+3900, -3890) for a very large credit because it's so OTM. You will get a credit of about 7 given that it's a 10 wide spread you are closing given current spot price. However now you have a massively ITM put credit spread which you'll lose full value on unless /ES (or SPX) rallies. Meaning you end up with +3870, -3880..and you'll lose 10 full on that if /ES ends below 3870. 2) so you have to add up all the debits and credits to see what happens. You opened the initial long put fly for a small debit (I presume), let's say it was 0.5. You then get a credit of 7 for closing the PDS side, then you will probably get max loss on the PCS side of 10. -0.5 + 7 - 10 = -3.5. So by my calculation, if /ES stays under 3870 doing all these weird things will net you loss of 3.5. Probably a bigger loss than had you just done nothing. Hope my math works out. I would just leave it alone.
>Yes, oil prices have been on the rise recently and this looks like it will continue in the near future. Some of the best performers in this space have been $XOM, $MEGEF, $PDS & $NINE.
Oil melts up. $XOM $MEGEF $PDS & $NINE continue to lead me to gainzzzz
There are all sorts of PD spreads you can do, depending on your risk tolerance: Let’s say META is right around 130. Oct 28 131/126 PDS can be bought for 3, max profit is 3 (1:1 payoff) Oct 28 125/116 PDS can be bought for 3, max profit is 5.8 (almost 2:1 payoff) Oct 28 122/110 PDS can be bought for 3.2, max profit is 8.8 (almost 3:1 payoff) Of course the POP (probability of profit) is different for these trades as well. The first has highest chance, the last has lowest chance. I don’t really follow META so I don’t know which one is the best….but it sure has been beaten down considerably and is super cheap right now. If it goes to 110 I’m buying some for my long term port.
TSLA 200/195 PDS FDs look tasty.
I'd be happy with that. Right now I've got the bulk of my SPX CDS expiring next Weds, highest strike 4000 (plus a handful expiring Oct 21). But I've also got a bunch of SPY puts expiring Friday, and SPX PDS expiring tomorrow, in case of violent retrace. So I'm mostly set no matter what happens -- and if we just keep going like we did in June, I'll just keep rolling out in time and distance until the market stops moving. ;)
Run of the mill put-heavy OPEX cover rally. Unlikely to have any staying power, just unknown when it will run its course. I had been structuring trades around this bounce for a couple of weeks and they are paying off. I'm basically looking for a top in the 3900-4000 range right now. The goal is to make enough to find all of those Nov put/PDS positions I want to be in before EOM.
nobody has mentioned using spreads? obviously to avoid theta you can go longer duration like 7-14DTE, but lower gamma there will have the effect of less rate of chance of delta and thus premium due to underlying price movement, and also perhaps more importantly due to the larger amount of extrinsic value the longer dated options will be more a lot more expensive at each strike. if you are using 0DTE one way to mitigate theta premium loss, which is basically exponential on the day of expiry, is to use a vertical spread. an example would be you buy an option ATM/closer to the money, and sell an option farther OTM. e.g. bearish on SPY? use XSP *more on that later* if at 280 then do a 280/275 PDS or put debit spread, or use SPX if you normally trade multiple SPY contracts, note price scale is ~10X on the main SPX index. the sold option in the vertical spread has opposite theta direction and mitigates some of your time-based premium loss, but at the same time it has opposite delta (but far smaller delta since more OTM), which that'll lower how fast you can profit (compared to a straight option) - but your overall delta can still be way higher than farther out DTE's. therefore as well, a vertical will lose less quickly if underlying is moving against you. it is still a defined risk debit trade. *however* look up pink risk (if using american options like on ETF's) and know what that's about, and know about assignment & early assignment factors as well as this can occur on your short option. due to these factors i *only* use index options on 0DTE or on market indices. in fact i only use index options for market plays and hedges in general. never on assignable ETF's like SPY. i'm not scalping so i don't care as much about crazy liquidity and the index options have plenty enough of that anyway. plus index options, as mentioned by others here, are section 1256, and are cash settled european style options (no early assignment possible). this is a huge benefit that in the US. you're getting the same tax treatment as you'd get with futures (but the trades would still fall under PDT regulations).
Using SPLG as the underlying, long put at 46, and CCS 47/50, Looking at a PDS and the three-legged trade above with the same entry cost (46/44 on the PDS when I ran it) the two trades have basically the P/L diagram as % of maximum risk, so the same move in the underlying on the three legged play returns 3-4 times the return on the PDS due to the higher max risk. Building the models to roughly match maximum risk, the return on the PDS is significantly more (2-3 times, it's not linear and it took three spreads \[46/41\] to scale up to a similar max risk number) at reasonable strikes, however the three legged play does better as the underlying moves outside the range the max profit range of the debit spread. Though the buy in for the debit spreads is a little over five times higher. Opening the spread for a net credit makes it behave like a credit spread for small moves in the underlying, worse than a credit spread for med/large moves, and better for very large moves. IMO opening for a credit isn't worth it as I'd just set a BTC around 50% of the premium received and it would just trigger before ever getting to where its a better play than the spread by itself (and there are probably better ways to play underlyings that are volatile enough to make that happen.)
I don't believe so. A Jade Lizard is a CCS + *short* put. And a Seagull spread is either a CDS + *short* put or a PDS + *short* call. How does your strat compare to just a plain old vertical spread? It will have the same directionality, but since the short leg has uncapped gain/loss, it ought to do a better job of discounting the cost of the long leg (assuming your spread was opened for a net debit).
Yes. But not all-in, that was reckless. Still a large position across many names. It's an active management position meaning things are getting constantly rebalanced (trimmed or added) and deleveraged at times with SPX CCS or QQQ PDS hedges for mean reversion corrections like the last few days. But overall still following [the big picture game plan](https://old.reddit.com/r/wallstreetbets/comments/w56pqu/daily_discussion_thread_for_july_22_2022/ihxqzln/?context=3). Last week's drop was just a simple mean reversion as market structure is still mostly neutral/bullish. The days of big shorting is mostly over although there still may be decent mean reversion opportunities in the future. The game has shifted and I'm now switching back to [strategy #1](https://old.reddit.com/r/options/comments/tun3ml/all_my_profitable_options_tradersinvestors/i364nc7/?context=3) before the January crash which is "identifying a moment in time where there is a higher probability of a greater than expected move". The idea is that because MMs price option premiums using Black-Scholes or something similar to that model, they will never account for momentum changes since they price options using standard deviations. But when there's a large momentum change, the ATR of a market increases and the MMs do not account for this change until the move has already happened. So the idea is to identify a moment in time where option premiums are underpriced with the anticipation to take advantage of a larger than expected delta move in addition to a IV increase. It's important to note there's a big difference between cheap options and underpriced options. I'll also be giving trades more room to play out. Trades will be mainly ITM or ATM longer term calls if the trend can finally switch to bullish otherwise will just be milking PCS if it stays chop/neutral. The holding time for swing trades is also a bit longer from 1-14 days instead of 1-3 days while position trades are 1-3 months. I probably won't do updates on entering/exiting positions with gains/loss anymore since even a 10 minute difference is significant and it was also too mentally taxing. I'll still do occasional updates on market structure but no more active entries or exits.
I don't think that's necessarily the correct analogy. It's like buying a home without inspection but has a PDS filled out saying there's a minor non-leaking surface crack in the foundation then when you show up to transact the entire foundation is clapped. Twitter's reporting on this is better viewed like a PDS than due diligence because if Twitter did misrepresent this knowingly (and presumably they would know, since they developed the methodology), it's fraud on multiple levels. Sure, you agreed no inspection but the disclosure statement was fraudulent and that's a separate issue. If you transact on a house this way, the seller is still getting the shit sued out of them for misrepresenting the asset and it's condition in a legal disclosure document.
I took profits on half when I hit my profit goal for the week. Then I sold further out puts to turn them into PDS to reduce losses if we reverse
A lot of these Canadian and small cap US oil companies are poised for big breakouts. I've been building positions in MEGEF, sold some profits in PDS, and have a large position in NINE. MEGEF is on track to eliminate their debt by middle of 2023 with all cash returning to shareholders as long as oil is above $60 bbl. That's insane. Companies like PDS and NINE also have much stronger pricing power and are doing extremely well in this environment. Big returns inbound.
Well as u/theohornsby has said, brokers don't exercise. Do you mean liquidate (which is what I assume you've actually meant this whole time)? The option holder may exercise early (although when they call their broker to do so, the broker almost certainly tries to talk them out of it if for no other reason than the extra fees), but brokers would only liquidate a position if it runs up against their risk management rules. And no, Etrade does not liquidate, at least not last year when I had a large position go into expiration with one leg ITM (needless to say, I haven't done anything that stupid since). The only time I've ever told them "do not exercise" was when a PDS (small 1-lot) was going to finish a few pennies ITM and I didn't want to bother with the pin risk and holding short over the weekend - I probably could have paid to close the position but in that case I just decided not to exercise.
Anyone interested in making a quick $200 go buy Wilma Mankiller PDS 3 roll set for $54 and sell them at $200 ez money
I bought a bunch of stuff last year based on his 2nd quarter 13F. GOGL STNG CXW PDS They're all up 50-100% and most of them pay dividends on top of those gains but Burry sold them right before they took off. Once again he was too early.
Ya I bought some PDS as a lotto when the stock shot up to $50. Definitely seemed like Elon was being his typical edgelord self. Lo and behold... They're up nearly 15x now.
May MOPEX should bring in some push higher (4100 maybe) . If it does, buy a July or August PDS somewhere near 3800. JPM Long put is near 3800 so they'll keep it around that or lower.
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My portfolio has more exposure to SPX so I'm short SPY with PDS in each account I have. You can also go long VIX, short QQQ, or short individual tickers. If you think the reaction will be harsh, going long volatility is probably the best answer.
Watching my $DVN calls triple. Buying more MEGEF and PDS. Stocks crushed earnings and are part of the most money printing sector...energy. Seriously, if you're not an oil bull right now, you're missing out. Trade it right and there's a boatload to be made.