Why yes, yes I am. But before you ask and answer any more of your own questions so defensively (lol) - I "love" crypto, but really don't care much about it other than to buy it when it tanks and people start getting pulled back in. Then I sell it "too early" after it skyrockets for a profit. I bought into it back in 2017 and got out of it making a nice sum. I've still got my Cardano paying "dividends" since 2017. Other than my ancient Cardano, I didn't partake in this latest run-up, though. I did have a friend in Solana that took profits and bought a car with the proceeds recently, though. BTW, there is a crypto thread in this forum as well as another bitcoin thread (because the bitcoinistas don't like you calling their holy coin crypto, apparently). Those threads are usually good for a few laughs.
NFLX is a short candiate, who has risen 82 points, 20%, over the last 2 trading days; it is in extremely over-bought condition. using 15 Mar expiration, sold a 25-pt bearish CALL spread, when NFLX was trading > 361 buy to open an options contract for the 575 strike CALL sell to open an options contract for the 550 strike CALL collected a premium of $13.20 in advance; risking $11.80 to win the $13.20 i am betting that NFLX will close the 500 to 539 gap; that it will close below $550 at March expiration. should that come true---the CALL spread becoming worthless---i get to keep the $13.20 premium that was collected in advance.
please, i am not qualified to give stock advise. after i sold my NFLX bearish CALL spread, the stock went up against me for 3 straight trading days. with the RSI at 85 (super extremely over-bought condition), i doubled down on my bet. sold another 575/550 CALL spread; this time, w NFLX trading ~~ 579, the other side was willing to pay me a premium of $14.5 in advance. on this one, i am willing to assume the risk of $10.50 to win $14.50
When we talk about the stock market around here, I'm assuming we mean the US stock market -- mainly the NYSE, Nasdaq. Stocks on these exchanges are dollar-denominated, and with the rampant money printing (and subsequent inflation) that we have experienced over the last 3 years, a dollar is not longer worth a dollar. So yes, the stock market should be at highs -- because it's value is measured in dollars. Remember: The Germans felt rich as they were experiencing rampant inflation in the 1930's. Everything costs more, which means your real purchasing power, net of inflation, likely hasn't moved. There is a major risk to the US stock markets, which is that international governments move away from the US Dollar as their reserve currency. This is happening now in places like China and Russia. If it continues to happen, the US can no longer effectively inflate its way out of slow growth or debt by printing dollars. We'll give up our #1 financial advantage (global reserve currency status) and be like the rest of the world. US-backed interests killed Muammar Gaddafi (Libya) when he tried to implement a gold-backed currency for African oil sales. It's a big deal.
Nobody cares boomer. We are going to the moon and buying lambos. Take your bearish nonsense to the bitcoin thread. Meanwhile:
like invisible fan, you are cutting n pasting someone else false narrative,, dispense w projecting your willful ignorance .dispense w projecting your willful ignorance dispense w projecting your willful ignorance
MSFT has been a core holding of mine since the last century; i follow it closely and, from time to time, make swing / momentum trades via options. the current momentum is to short MSFT, who just reported a great earnings report, but not great enough. when MSFT was ~~ 410, sold this bearish CALL spread. using 8 Mar expiration, sold a 25-pt bearish CALL spread, buy to open an options contract for the 430 strike CALL sell to open an options contract for the 405 strike CALL collected a premium of $12.20 in advance; the other side was willing to pay me $12.20 to assume a potential max risk of $12.80 i am betting that MSFT will close close below $405 on 8 March expiration. should that come true---the CALL spread becoming worthless---i get to keep the $12.20 premium that was collected in advance.
NVDA up every day. like clockwork. should be $2000 by end of the year. TSLA down 33% in 33 trading days... from 265 to 175..
