Talking stocks, trading, and investing in general

[PhilKenSebben]

So, apparently I'm a ******* idiot for not having front loaded 529 plans for my kids years ago. Had no idea you could bung $150K in there all at once.

Um. If you have more cash to bung about.... My kid could use some front loading

 

[Omega Male]

I heard your wife could too?

 

[chickenfark]

Man I feel like imma talk to a cpa before a doc when we have kids jeez

 

[venividivicibj]

So, apparently I'm a ******* idiot for not having front loaded 529 plans for my kids years ago. Had no idea you could bung $150K in there all at once.

what do you mean by this?

 

[venividivicibj]

Glad I took my ABNB lumps last Friday as it's down nearly $9 today.

Whats the bear case for ABNB? Seems like only competition is VBRO, and it's not really close

 

[Piobaire]

Whats the bear case for ABNB? Seems like only competition is VBRO, and it's not really close

As was pointed out yesterday's dive was due to the lockout period ending. Last week's dive was apparently sentiment is that it's still overvalued from its IPO run up even though earnings were good. I am in the minority but I'm not bullish on it as their business model is subject to local ordinances and I see them popping up world wide. I supposed they'll do fine for the next several years but I see more and more tourist places writing ordinances against them.

 

[Piobaire]

Here's an ABNB play with a very high POP.

| Options Profit Calculator

Calculator shows projected profit and loss over time.

opcalc.com

 

[PhilKenSebben]

I heard your wife could too?

Let me know when your wife's bull is free! He and I could swap assignments for the weekend!

 

[Piobaire]

Here's a little play with CVNA. Max profit is 140 and max loss is 860 but there's an 87% probability of profit. I mean, it would have to drop from 232 down to a BE of 188. 14% in a month, which you'll get on June 18th at any price over 190, isn't bad.

| Options Profit Calculator

Calculator shows projected profit and loss over time.

opcalc.com

 

[Omega Male]

 

[Piobaire]

I hear the BTC magic is not doing so well...

 

[the shah]

I hear the BTC magic is not doing so well...

indfl (sp?) is still up 1000% or more isn't he?

 

[Piobaire]

When the underlying goes up but somehow your put credit spread goes red. How does that even happen mathematically?

 

[Piobaire]

Closed out my ABNB credit spreads for 55% of max profit. Much better this week as soon as I played a bear spread off of it.

 

[nootje]

When the underlying goes up but somehow your put credit spread goes red. How does that even happen mathematically?

volatility baby!