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#5,127
#5,127
Go aeiou said:
Local travel should come back before international travel. At least for Americans. MAR is possibly the best. Also ihc and whatever comfort inns is.
As a traveler I've grown to hate Marriott. They screw you every chance they get. Pull extra charges out of the air. Travelers refer to it as "being Bonvoyed". Bonvoy is the name of their loyalty program.
Hampton seems to be the exception.
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Hampton is Hilton. I own both MAR and HLT. Right now, I think MAR has a little more upside than HLT.

As a traveler, I am a Hilton guy although HLT has got more sneaky and they love them some points dilution too.
 
#5,128
#5,128
Go aeiou said:
Local travel should come back before international travel. At least for Americans. MAR is possibly the best. Also ihc and whatever comfort inns is.
As a traveler I've grown to hate Marriott. They screw you every chance they get. Pull extra charges out of the air. Travelers refer to it as "being Bonvoyed". Bonvoy is the name of their loyalty program.
Hampton seems to be the exception.
Click to expand...

Me and the wife love Marriott mostly b/c we know the quality and cleanliness of the rooms tend to be great no matter where we go (wife has a phobia of bedbugs). They also have a nice government discount.
 
#5,133
#5,133
Would have made a nice gain if you would have bought in under $15 on SAVE yesterday.

NCMI also doing well today. Touched 2.93 before a small pull back. Those of you who bought under 2.60 are seeing some nice gains.
 
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#5,134
#5,134
I've been tracking the Cboe Volatility index (^VIX) lately to try to make sense of the market. It helps me spot the top and bottom of the S&P 500 after the fact and gives me another data point when trying to guess whether we've seen the high or low, but it doesn't help that much in between. It has a way of establishing new lows that it bounces off of pretty hard. We're not far above the low for the last couple of weeks, so I'm expecting the S&P 500 to finish down today barring stimulus news. It's up 0.25% right now, so I may be overvaluing VIX in my figuring. It's worked decently for the last week or so, but I can't see what happened after-hours and pre-market until about 30 minutes into the trading day, so I can't use it at all at market open.
 
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#5,135
#5,135
Can anyone here give me a quick synopsis of calls/puts? I went to buy a $2 call and the ask is .25 but it’s trying to charge $2 per share.
 
#5,137
#5,137
Tri-CitiesVol said:
Can anyone here give me a quick synopsis of calls/puts? I went to buy a $2 call and the ask is .25 but it’s trying to charge $2 per share.
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I can give some advice, but there are others in here that know more than I. When you buy a call/put you are buying 1 contract but the contract equals 100 shares. At .25 it should cost $25 for the contract. What these do is gives you the right to sell or buy the desired strike price by a certain date. The $25 you paid for the contract is a premium that gives you the right to do that. Most people make money on these buying or selling the contracts before they expire. Most of these contracts actually expire worthless. The risk is that you can basically have infinite losses with these especially if you are buying puts. The safest thing to do, is covered calls, which means you own 100 of that stock and then chose a strike price of which you wish to sell that stock for. Then someone pays you a premium to buy the contract that gives them the right to exercise that contract if they wish. Doing this basically caps your gains. If the stock goes to $3 and your strike is $2 then whoever bought your contract will have the right to buy those shares from you at $2. However it is a good way to recoup losses as most people make money selling the premiums over and over while the contracts expire worthless.
 
#5,138
#5,138
mr.checkerboards said:
I can give some advice, but there are others in here that know more than I. When you buy a call/put you are buying 1 contract but the contract equals 100 shares. At .25 it should cost $25 for the contract. What these do is gives you the right to sell or buy the desired strike price by a certain date. The $25 you paid for the contract is a premium that gives you the right to do that. Most people make money on these buying or selling the contracts before they expire. Most of these contracts actually expire worthless. The risk is that you can basically have infinite losses with these especially if you are buying puts. The safest thing to do, is covered calls, which means you own 100 of that stock and then chose a strike price of which you wish to sell that stock for. Then someone pays you a premium to buy the contract that gives them the right to exercise that contract if they wish. Doing this basically caps your gains. If the stock goes to $3 and your strike is $2 then whoever bought your contract will have the right to buy those shares from you at $2. However it is a good way to recoup losses as most people make money selling the premiums over and over while the contracts expire worthless.
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Very well explained. Thank you. The 100 shares makes a lot more sense.
 
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#5,139
#5,139
Firebirdparts said:
What's driving the move with SAVE? Wow.
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I think a lot of it comes from the price dropping so low, that people are getting in because when this thing is going to run, its going to run. As well as good news from NYC as they have reported 0 new COVID deaths for the third straight day. Also I can try and find the article again, but I saw a headline on yahoo this morning that said Russia could possibly be starting production on a vaccine next month.
 
#5,140
#5,140
Tri-CitiesVol said:
Can anyone here give me a quick synopsis of calls/puts? I went to buy a $2 call and the ask is .25 but it’s trying to charge $2 per share.
Click to expand...

You already know this, but a call gives you the right to buy 100 shares at stated price at stated date. When these expire, the market is actually closed, so the back office yanks the shares away from some other guy over the weekend.

Ordinary people can create and sell the calls, so when you buy one, you're buying potentially from somebody like me. There is a market maker in the middle and big banks have offices of people who do nothing but buy and sell options, and I am relying on those people to get the prices right. I don't do the math myself and I guess most people don't.

The put is just the right to sell instead of buy. You can force somebody to take 100 shares.

If an option costs 25 cents ask you should be able to buy a contract for $25 (100 shares). What are you looking at? I'll tell you what I see. Your question sounds mostly like a software/app question.
 
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#5,142
#5,142
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#5,146
#5,146
Quaint88 said:
I've been tracking the Cboe Volatility index (^VIX) lately to try to make sense of the market. It helps me spot the top and bottom of the S&P 500 after the fact and gives me another data point when trying to guess whether we've seen the high or low, but it doesn't help that much in between. It has a way of establishing new lows that it bounces off of pretty hard. We're not far above the low for the last couple of weeks, so I'm expecting the S&P 500 to finish down today barring stimulus news. It's up 0.25% right now, so I may be overvaluing VIX in my figuring. It's worked decently for the last week or so, but I can't see what happened after-hours and pre-market until about 30 minutes into the trading day, so I can't use it at all at market open.
Click to expand...

VIX can be a good index to watch, it's just a mater of knowing what to do with it. Same with the Baltic Dry Index
 
#5,147
#5,147
GoDucks349 said:
VIX can be a good index to watch, it's just a mater of knowing what to do with it. Same with the Baltic Dry Index
Click to expand...
Yeah, I'm still figuring it out. A swing and a miss. I think it is a piece of the puzzle, but I'm still working out how big and where it goes. I'll have to look into the Baltic Dry index.
 
#5,150
#5,150
So nobody here talks about NVAX. It has gone up from a penny stock to $150. After hours tonight it traded at $100 and $170 on the same night. Evidently some kind of typo/mixup on something. I am somewhat entangled in it with shares, calls, and puts all three.
 
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