Investing

The Short-Term Trading Thread

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  • Mar 20th, 2024 3:41 pm
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Jul 19, 2003
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bLuPhYrE wrote: very low volume today, i think many today are waiting to see what happens
they're crushing VIX on purpose. its going to squeeze out the Puts
hi!
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Nov 6, 2015
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rapashoo wrote: Another rejection 2600 on SPY
That's what they want us to think imo....sucking in shorts
CL is dragging us down

Stopped out 2578 (+35). 2570 should hold, let's see
Added some CL 19.57

Edit: Don't trust this CL spike, pit close in 2 mins, might bail
Edit2: Holding long, $20 seems to be defended...rolling the dice
Last edited by margincall on Mar 30th, 2020 2:42 pm, edited 1 time in total.
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Aug 18, 2003
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YVR
i still dont get the jump on SU.TSE
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Nov 6, 2015
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And there it is...a new round of shorts about to get squeezed in 3,2,1....
Testing yesterday's high 2605...If bears are going to show up it has to be now
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Aug 18, 2003
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andrew4321 wrote: Western Canadian Select (WCS) @ $4.00 a barrel, $3.80 earlier :)
how is the correlation of cheaper WCS good for suncor? it's pushing to 20 today....almost 20% up...and no news headlines...
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Jul 19, 2003
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Just sold last week's swing for profit. Not going to risk holding overnight or carrying further.

Now, watch for the bull run I miss out on Face With Tears Of Joy

its okay, I'll take profits. better to not lose and keep the streak going.
hi!
Banned
Mar 28, 2020
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margincall wrote: That's great for you...however there's no need to post the same thing in every thread.
Also, if you don't post your entry, the exit does not add value to any thread.

I don't mean to be harsh as I see you're new...but we have too much nonsense in the investing forum as it is...just trying to keep this thread on point especially during these turbulent times.
I understand. And just to give some background. I sold all my positions about 4 weeks ago. Thats when I took some put positions in RY, TD and DOL. DOL I have exited for 350% gain.
I also must say that the puts are only about 2% of my portfolio ( now more ) and my shorts are about 5% of my portfolio. I am sitting in money market for the time being as see no need to be a hero long or short. My view is that we could potentially be down a lot more over the next 2 years. Market timing and going long is as good a bet as going to the casino at this point as there is no way that the economy will get back the way it was in short order.
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Aug 18, 2003
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ahhhh...SU is a natural gas play today....all the other big cnd NG producers are also up big....cnq.tse wow
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gohabsgo99 wrote: I understand. And just to give some background. I sold all my positions about 4 weeks ago. Thats when I took some put positions in RY, TD and DOL. DOL I have exited for 350% gain.
I also must say that the puts are only about 2% of my portfolio ( now more ) and my shorts are about 5% of my portfolio. I am sitting in money market for the time being as see no need to be a hero long or short. My view is that we could potentially be down a lot more over the next 2 years. Market timing and going long is as good a bet as going to the casino at this point as there is no way that the economy will get back the way it was in short order.
who's your broker?
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Aug 18, 2003
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gohabsgo99 wrote: why do you want to know
you said you are now sitting in a money market. I'd like to know if your broker provides that as mine does not.
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Mar 28, 2020
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you can pretty much buy any money market from any broker. In both USD and CAD I hold the CIBC Premium money market funds. Minimum is 100k on each.
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andrew4321 wrote: Crude $0 per barrel soon?

seems like it.. terrible for the industry / economy.
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Feb 4, 2015
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Canada, Eh!!
Thoughts on way OTM calls on XLE or USO, in 2021? or even 2022 ? Thanks

Far from my expertise although have done well so far with similar on MCD and INTC but energy/oil can never quite get handle on!! Can't decide on individual stocks vs ETFs.
2022/3: BOC raised 10 times and MCAP raised its prime next day.
2017,2018: BOC raised rates 5 times and MCAP raised its prime next day each time.
2020: BOC dropped rates 3 times and MCAP waited to drop its prime to include all 3 drops.
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georvu wrote: Thoughts on way OTM calls on XLE or USO, in 2021? or even 2022 ? Thanks

Far from my expertise although have done well so far with similar on MCD and INTC but energy/oil can never quite get handle on!! Can't decide on individual stocks vs ETFs.
when you do it a year or so ahead isn't it prohibitively expensive?
hi!
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Jan 6, 2011
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GTA
georvu wrote: Thoughts on way OTM calls on XLE or USO, in 2021? or even 2022 ? Thanks

Far from my expertise although have done well so far with similar on MCD and INTC but energy/oil can never quite get handle on!! Can't decide on individual stocks vs ETFs.
For buy and hold FOTM, your main cost would be theta. If the underlying is not bouncy enough, it may become ATM but contract worth a lot less due to shorter tenure.

For leveraged trade, I think rolling liquid monthly or even weekly slightly OTM would be easier. Just trade as if it's a stock that is more non-linear.

Problem with ETF is some names might have been written off i.e. not bouncy as suggested by the crash. Or, the bouncy names i.e. on TSX do not have options i.e. CNQ.

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