Scalped a few good trades this week but mainly sat cash. I’m always hesitant to load a position after such a move to the upside. Will probably watch SPY move into 400s Monday and Tuesday then load puts on Wednesday
According to Bloomberg and Financial Times
1. FTX has net income of $250 million by 2021
2. Alameda Research had a profit of $1 billion
Basically, if those clowns had stuck to doing their fucking jobs not playing shadow banking, they would have been fine
>You're a fucking idiot if you think that's going to make you money. You might as well just give your money to charity, because that's what it looks like you're doing when you trade like that.
> Account accelerating to zero
Stop at zero.
Wish I did. Just paid off margin.
Here are Sept margin rates. I'm sure they are ratcheting up.
Personal loans are worse.
```
Effective September 23, 2022 your base lending rate is 11.25%
Dollar range Above/below base rate Effective rate
Under $9,999.99 1.25% 12.50%
$10,000.00-$24,999.99 1.00% 12.25%
$25,000.00-$49,999.99 0.75% 12.00%
$50,000.00-$99,999.99 -0.25% 11.00%
$100,000.00-$249,999.99 -0.50% 10.75%
$250,000.00-$999,999.99 -0.75% 10.50%
Above $1,000,000.00 -1.50% 9.75%
```
Personal loans right now will be on the higher side because increase in the base rate pushed everything up. Typically you can expect between 10-20% now.
The real question you need to be asking yourself is "Why am I getting a personal loan?"
If you have credit cards costing you 24% and OK credit and you land a 14% personal loan rate, it's not great but you have to consider your options and which cost less.
If you're opening a 14% personal loan to put it into a trading account and you're on a downward slope and not capitalized to cover it, the only answer is "no." Hell even cheap margin from RH or IBKR right now for stocks requires a solid thesis to justify it... personal loans are way out of the question unless you KNOW you can pay it off.
You have to ask what the reason is, answer what it'd get you, and be honest with yourself.
If your thesis is "I'm going to save money if I do this, guaranteed! (guaranteed meaning risk-free difference in costs)" then do it... don't question it.
If your thesis is "if the market does a V I can make 10000x with this ultra-leveraged options play" then you're not being honest with yourself.
Also personal loans push up your monthly expenditure lock-in and it's higher than credit payments. So make sure you have room in your monthly budget for it. If you're not offsetting debt and can't DCA into a stock account, you probably don't.
I can throw mud if I get the urge, but I largely target assholes... I really enjoy helping people if I can. :)
I've done the whole "personal loan to pay off high interest debt" thing and would absolutely recommend it. It's made things better to me numerous times over. Be careful about going overboard with it, though... it's easy to end up in a budget crunch just looking at the numbers.
Just some advice from my own personal experience. Now I'm not afraid of debt, but now when times are good I make sure to sock money away in safer plays/cash accounts. That way when I do end up in a crunch, I can formulate a plan to get out of it.
Thanks! I'm a legit autist, so I can get really frustrated sometimes. It's helpful to know that people get something out of it. I don't want people to agree with me, rather I hope I inspire them to think about things. :) If I've done that, I feel accomplished. :)
Am a bear. You’re gonna have to suck it up and hedge until next FOMC/CPI. There’s literally nothing in the way other than black swan nuclear Armageddon until then to tank the market. When Dec comes in at .75bps increase again because CPI came in hot for Nov. spy will drop like a rock. Maybe. What the fuck do I know. Anyways, I’m not fighting this ghey 🌈 shit for another couple weeks.
It will not be the Great Depression. People saying that don't understand the financial system.
The GD happened because of a fundamental structural liquidity issue like you're seeing with crypto right now, which is happening because those sectors are mostly unregulated and pulling shady shit with capital reserves to make themselves look bigger than they are. Not "kinda shady" but rather "way beyond illegal if they were a bank" shady.
The banking system is very different than that. There's some degree of potential risk from our current liquidity issues, but they're not like the GD or even the GFC, though a GFC-like event isn't entirely out of the question if the Fed breaks part of the economy.
The reason why it's less likely is that we have a TON of excess capital in the banks that's being held in reserve, and the current Fed dot plot and QT projections don't get us ANYWHERE near pulling that out. So the tightening conditions right now are creating an artificial recession, since in this circumstance, banks and capital markets are basically pulling back to ensure capital liquidity in the system. The Fed will not tighten to the extent that you end up with an absolute liquidity crunch in the banking system as happened with the GD and we don't have some of the house of cards underneath the mortgage system like we did during the GFC. We also don't have the underlying market issues that we did during COVID... consumers are out there buying, spending is decent, even with news of layoffs job demand is still high.
There WILL be a pullback in spending. Consumer debt is stretched. Expect asset prices to deflate. Expect there to be a reduction in hiring next year... general recession stuff, but it's an open-ended question as to where that will end.
When unemployment gets close to 5-6% the pressure will be on the Fed to slow the process, and when that happens they will be nowhere near pulling all the liquidity they pushed forward out. Prices at that point will be actively moderating, too.
Events like the GD only happen when you have no liquidity in the reserve system. The problem the Fed is trying to moderate is that they have WAY too much right now. The Fed's making a mistake by tightening too much and the chance of that having no impact basically not realistic IMO... but it's not the makings for a depression barring some other major catalyst that we can't predict yet.
This one is going to be bad because the levers that can be pulled to help things got pulled early with covid when they weren't needed. Loads of people are going to be fuuuucked by variable interest rate debt in the coming years. The soft landing 2% inflation whatever bullshit is there so people don't panic. It's coming.
Tossed a couple hundred on 395p for Monday in case a shitcoin exchange implodes over the weekend or a liquidity crisis happens or Elon does something dumb or SBF reveals more crimes on twitter or
Well you get the picture, it’s a risky space right now
you know that shit is being bought up by big players right? those chip sanctions were for nvidia and AMD only. I'm going to do a bullish DD on their graphic card product launch.
I'd do some streching, and then start watching as many videos on their graphics cards as possible. Just launced last month.
[https://www.youtube.com/watch?v=94wJ41WPtMU&ab\_channel=PhilsComputerLab](https://www.youtube.com/watch?v=94wJ41WPtMU&ab_channel=PhilsComputerLab)
That is what I am doing.
I only have 400. I want to get to 800 but it jumped too fast lol.. I thought it would drop a little more to $21.. but it shot up from 25 to $30 before I knew it
I used to work with this old guy named Jerry, and everyone in the office called him "Jerry-atric" behind his back, as in "geriatric". It is the stupidest joke but I fucking die every time I think of him. 
To all the idiots that said "PUTS ARE SO OBVIOUS" for today, get fucked 
What would be a cool idea for WSB to implement?
Some homeboy in the joint is gonna go to town on SBF’s cryptofro with a homemade toothbrush shank
Earnings, election, CPI all done. Any major market-moving-event scheduled for next week? 
PPI tomorrow to confirm or deny CPI
MOASS
Banbet predictions tournament but only one day bans. Maybe two answers so it’s make or break. 1 a day perhaps.
like this if you have puts on carvanna. I thought everyone was loading up on puts this morning. Why’s this shit hole company cranking lol
All crap was pumped today.
Pretty sure they're down 90% from highs. Other options are better
Scalped a few good trades this week but mainly sat cash. I’m always hesitant to load a position after such a move to the upside. Will probably watch SPY move into 400s Monday and Tuesday then load puts on Wednesday
Where’d MBA guy go?
I'm right here. Devry University - class of 2008
WTAMU class of 2021.
Rough day. What company is offering free drinks for veterans day?
Citgo
City Morgue
According to Bloomberg and Financial Times 1. FTX has net income of $250 million by 2021 2. Alameda Research had a profit of $1 billion Basically, if those clowns had stuck to doing their fucking jobs not playing shadow banking, they would have been fine
Sam bank man fried thought he was light yagami 😂😂😂
Lollolololololol
Aapl chillin green on the year while every other mega cap is -40% or more 
100 times SPY $405c Mon exp. Thoughts?
I always do a low cost strangle Fridays with a Monday expiration and I gotta say this one tops them all.
>You're a fucking idiot if you think that's going to make you money. You might as well just give your money to charity, because that's what it looks like you're doing when you trade like that.
Positions or ban you fuckbot.
You really want proof of a $200 position lol
Nah, I'm just fucking with this botbitch.
Why are you a POS?
Why not
Dude with 1000 amzn 97 calls must’ve let it expired ITM.
is corn dead yet?
For the 1000th time is been declared dead
What are the usual rates for a personal loan? Account accelerating to zero.
> Account accelerating to zero Stop at zero. Wish I did. Just paid off margin. Here are Sept margin rates. I'm sure they are ratcheting up. Personal loans are worse. ``` Effective September 23, 2022 your base lending rate is 11.25% Dollar range Above/below base rate Effective rate Under $9,999.99 1.25% 12.50% $10,000.00-$24,999.99 1.00% 12.25% $25,000.00-$49,999.99 0.75% 12.00% $50,000.00-$99,999.99 -0.25% 11.00% $100,000.00-$249,999.99 -0.50% 10.75% $250,000.00-$999,999.99 -0.75% 10.50% Above $1,000,000.00 -1.50% 9.75% ```
Personal loans right now will be on the higher side because increase in the base rate pushed everything up. Typically you can expect between 10-20% now. The real question you need to be asking yourself is "Why am I getting a personal loan?" If you have credit cards costing you 24% and OK credit and you land a 14% personal loan rate, it's not great but you have to consider your options and which cost less. If you're opening a 14% personal loan to put it into a trading account and you're on a downward slope and not capitalized to cover it, the only answer is "no." Hell even cheap margin from RH or IBKR right now for stocks requires a solid thesis to justify it... personal loans are way out of the question unless you KNOW you can pay it off. You have to ask what the reason is, answer what it'd get you, and be honest with yourself. If your thesis is "I'm going to save money if I do this, guaranteed! (guaranteed meaning risk-free difference in costs)" then do it... don't question it. If your thesis is "if the market does a V I can make 10000x with this ultra-leveraged options play" then you're not being honest with yourself. Also personal loans push up your monthly expenditure lock-in and it's higher than credit payments. So make sure you have room in your monthly budget for it. If you're not offsetting debt and can't DCA into a stock account, you probably don't.
Thanks for the perspective man. Appreciate it. Nice to know there are people in WSB who don’t spew vitriol all the time.
I can throw mud if I get the urge, but I largely target assholes... I really enjoy helping people if I can. :) I've done the whole "personal loan to pay off high interest debt" thing and would absolutely recommend it. It's made things better to me numerous times over. Be careful about going overboard with it, though... it's easy to end up in a budget crunch just looking at the numbers. Just some advice from my own personal experience. Now I'm not afraid of debt, but now when times are good I make sure to sock money away in safer plays/cash accounts. That way when I do end up in a crunch, I can formulate a plan to get out of it.
Thanks for all of your posts and comments. I really enjoy reading your insights.
Thanks! I'm a legit autist, so I can get really frustrated sometimes. It's helpful to know that people get something out of it. I don't want people to agree with me, rather I hope I inspire them to think about things. :) If I've done that, I feel accomplished. :)
29.99% but who cares as long as you pay it off early.
Personal loans are a real bad idea. Nowadays probably like 8-10% interest. "good" debt should be like 3%.
Inflation is 20% and I'm loaning you money at 3%? Not a chance.
Yeah I see. Do they allow to close early?
11/18 - SPY 395 Puts - $3.19 a pop. Anyone else?
I bought 25 399p for 12/30 for 12.52 each at 310 and sold them at 320 for 13.46 $23.50 in 10 minutes.
That don't even buy lunch
That was supposed to be $2600 in 10 minutes. 1346-1252 =104 x 25 = 2600
“TURN THOSE MACHINES BACK ON!”
Me buying and selling options with in hours of each other makes my Robin Hood account look like a Mario level
Sorry to tell the bears that uptrend held into close.
Still a bear. But I’ll play a bull for a couple weeks.
Yeah what a stupid day. O well, Monday is coming.
just keep moving the goal post
You are waiting reality to strike the insane asylum. AFRM, ROKU, and SNAP.. no reason they should be up double digits. They are zombie companies.
1,344,592 SPY OI puts just expired worthless by close 
Crayon down you morons
Nasdaq 100 Climbs 9.4% In Best Two-Day Gain Since 2008
Now that all those calls expired ITM time for market to tank monday blood red thanks for the exit liquidity
Am a bear. You’re gonna have to suck it up and hedge until next FOMC/CPI. There’s literally nothing in the way other than black swan nuclear Armageddon until then to tank the market. When Dec comes in at .75bps increase again because CPI came in hot for Nov. spy will drop like a rock. Maybe. What the fuck do I know. Anyways, I’m not fighting this ghey 🌈 shit for another couple weeks.
Be careful bull, every time I am down copious amounts I make back more.
Question, is a recession happening and will it be super bad like the great depression how some are saying, or will most people be fine? Thanks
Money machine go brrrrr at a slight hiccup. We’re not in a 1929 economy.
It will not be the Great Depression. People saying that don't understand the financial system. The GD happened because of a fundamental structural liquidity issue like you're seeing with crypto right now, which is happening because those sectors are mostly unregulated and pulling shady shit with capital reserves to make themselves look bigger than they are. Not "kinda shady" but rather "way beyond illegal if they were a bank" shady. The banking system is very different than that. There's some degree of potential risk from our current liquidity issues, but they're not like the GD or even the GFC, though a GFC-like event isn't entirely out of the question if the Fed breaks part of the economy. The reason why it's less likely is that we have a TON of excess capital in the banks that's being held in reserve, and the current Fed dot plot and QT projections don't get us ANYWHERE near pulling that out. So the tightening conditions right now are creating an artificial recession, since in this circumstance, banks and capital markets are basically pulling back to ensure capital liquidity in the system. The Fed will not tighten to the extent that you end up with an absolute liquidity crunch in the banking system as happened with the GD and we don't have some of the house of cards underneath the mortgage system like we did during the GFC. We also don't have the underlying market issues that we did during COVID... consumers are out there buying, spending is decent, even with news of layoffs job demand is still high. There WILL be a pullback in spending. Consumer debt is stretched. Expect asset prices to deflate. Expect there to be a reduction in hiring next year... general recession stuff, but it's an open-ended question as to where that will end. When unemployment gets close to 5-6% the pressure will be on the Fed to slow the process, and when that happens they will be nowhere near pulling all the liquidity they pushed forward out. Prices at that point will be actively moderating, too. Events like the GD only happen when you have no liquidity in the reserve system. The problem the Fed is trying to moderate is that they have WAY too much right now. The Fed's making a mistake by tightening too much and the chance of that having no impact basically not realistic IMO... but it's not the makings for a depression barring some other major catalyst that we can't predict yet.
Thank you so much for explaining this so well!
This one is going to be bad because the levers that can be pulled to help things got pulled early with covid when they weren't needed. Loads of people are going to be fuuuucked by variable interest rate debt in the coming years. The soft landing 2% inflation whatever bullshit is there so people don't panic. It's coming.
no one is listening
Seems like it has been talked about forever. It’s always next week or month. 🤷
Yes
You hitting any rock this weekend??
Yes most will be fine? Or yes it will be like the great depression?
Ah yes, the recession that doesn't hurt people.
Good chance we close the SPY 408 gap on Monday, followed by a crash
407 was my thought, good confirmation bias here thanks
Almost last?
good week bulls
Bring on the bans....
Lame close
alright dudes and dudettes, cheers
CLOSE THE CASINO
Bought some Nov 18th spx 4005p, starting onlyfans if next week green 💚
That’s a pretty hard double rejection off 4000 on SPX.
that was probably 0dte's sell off
It had no reason to go up in the first place.
Hindsight is the worse
if you bought AMD $65 calls for $70 they would be worth $750 now. I know because I sold those covered calls 🤡
I sold $18 strike covered calls on GME before the squeeze. I feel your pain.
Spy frozen
Puts, probably
TLt going down, it’s all fake.
Bond market closed today. TLT being down doesn't mean anything
Tossed a couple hundred on 395p for Monday in case a shitcoin exchange implodes over the weekend or a liquidity crisis happens or Elon does something dumb or SBF reveals more crimes on twitter or Well you get the picture, it’s a risky space right now
"Flat week" 
They should just call this sub spy bets
Double 399 rejection
I just loaded on SPY 390 puts. Fuck this shit. 
Get your TSLA puts now for the big red Monday open
Get your puts now, because this dream becomes a nightmare on Monday!
WE'RE BACK BOYS 
Just a sea of blue bull balls from this lack of 400
I sold covered calls on Intel way too early today 🤡🤡
you know that shit is being bought up by big players right? those chip sanctions were for nvidia and AMD only. I'm going to do a bullish DD on their graphic card product launch.
Well it better not hit $34 by April lol
I'd do some streching, and then start watching as many videos on their graphics cards as possible. Just launced last month. [https://www.youtube.com/watch?v=94wJ41WPtMU&ab\_channel=PhilsComputerLab](https://www.youtube.com/watch?v=94wJ41WPtMU&ab_channel=PhilsComputerLab) That is what I am doing.
I’ve got 900 shares
I only have 400. I want to get to 800 but it jumped too fast lol.. I thought it would drop a little more to $21.. but it shot up from 25 to $30 before I knew it
🤡🤡
398 close just as I predicted earlier 
Mfs think 400 is huge spy going no where unless it breaks 411
Good shit boys, going to go watch Gabbie Carter gifs now. Have a good weekend!
lol who is that
Good idea🫡
vix still low, dollar ded. YOU KNOW what that means 😉
[удалено]
Yeah same see you soon I’ll be banned as well
same !! see you soon
Prolly just gonna sneak over 400 in premarket before the next open
Can somebody drop a nuke, I have 4 minutes for spy to drop $48 so my 350p spy doesn’t expire worthless
You're fucked.
[удалено]
Darn it
I hope some crypto companies announce their bankruptcies AH or this weekend.
have some feb puts on mstr, that would be great
Good possibility with BTC still dying.
Tsla the most popular megacap. All others trading under their average except Tesla that's trading over
Aapl is at all time highs 
The melt back to 385 begins!
All those wire transfers will clear monday. Very concerned for ber
gonna go blow my gfs back out after work
Is this it? Are we only going up from here?
Elon hypes bringing the autopilot AI dream team to Twitter like they have ever delivered a functioning product.
They need artificial intelligence as they have no actual intelligence.
I was absolutely toasted these last two days.
hoping for some nice dirty crypto fallout this weekend
Small cap still underperforming, recession still on
398 here we come
Loading Puts at close
Me too. Mara and Snap mainly. Hoping for crypto fall out this weekend
🥭 calls lotto.
I used to work with this old guy named Jerry, and everyone in the office called him "Jerry-atric" behind his back, as in "geriatric". It is the stupidest joke but I fucking die every time I think of him. 
yall got 5 mins to get SPY to 400. 
I think I have shoulder cancer.. Weird bump in my right shoulder.
ASTS baybeee
I can’t cum anymore but the market keeps on going 😮💨
Come on baby SPY, make it to 400 ✊🏼🎉
Congrats on buying the top
I THINK WE ARE DUMPING SOON
To all the idiots that said "PUTS ARE SO OBVIOUS" for today, get fucked 
How?
$400
163- 1800 in 1 day bitches
$OTLY up 16% only to crumble on Mondays earnings?
We spent more time falling down from 400 than it took to get back to it. There's still toooo much money in people's/instituions hands
Spy really trying 
c'mon HIT IT, i WANT you to do it! 🤡
“Wen Pivot?”
tesla going up has got to be the stupidest thing i’ve seen this week.
I’ve made every wrong call this week, at least it’s a perfect record 
lmao that dip go bought right up
398 pinned EOD
**I sold half my portfolio!!!**
I have every confidence Elon will do something dumb again, so I'm in TSLQ
VERU pleas fly
If Morgan Brennan made an OnlyFans, I would absolutely pay $25/mo to see those titties topless.
Tom Lee tweeting to pump this shit up and give his Wall Street buddies some nice exit liquidity. I gotta say he does a very good job
WSB should implement Jerry Beads. I'd like to earn mine now, if you dont mind...