All things STOCKS

#5,701
#5,701
Thunder Good-Oil said:
I did a quick scan through one of my watch lists and it was kind of shocking how many are so close to their 52-week highs. Looking for possible bargains though, SAVE is still way down. I might cancel my limit sell order or raise it into the 30s. Might even add to my current position.

DGX (Quest) hasn’t taken off from its 52-week low. Without digging I’m confused how their year over year Q2 revenues are down. Perhaps they do a lot of business related to elective procedures and not a large mix of COVID-19 testing. I do see their vehicles almost every time I’m out and about during banking hours.

Martin Marietta Materials is off the high and the low. I think that they can do well if the government gets serious about getting the nation’s infrastructure fixed.

Then I’m torn on the 2 dentals. HSIC seems like a better liked company compared to Dentsply (XRAY), but HSIC is pretty close to its high share price plus doesn’t have a dividend.

I’d like to put some capital to work before COVID-19 is in the rear view mirror, but i’m still cautious that there is still some downward pressure on markets ahead. But these names don’t seem too risky if I’m patient.
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Regarding Quest, they've taken a lot of PR hits with their COVID testing results/accuracy/turnaround time. That may explain their stock price issues.
 
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#5,702
#5,702
Delta on the 19 SP is .50 for each 1.00 move of the underlying stock price
Theta on the 19 SP is -.05 per day Time Decay
Open Interest was 3,476 and Volume on that SP was 4988
Underlying Stock Price at Close was 18.53 plus 0.21 AH = 18.74
Watch PM on Tuesday and Make a decision. Time Decay is working against you...Take the profit.

The longer you stay in the Trade the worse it can get...Unless you really want to own the stock you could get caught up in dead man zone which would be 19.01 to 20.02

Just remember that 60% of Options expire worthless.... Another option would be to sell half of your position for profit. 3 days of time decay equals -.15 which may or may not be offset by AH and PM.
 
#5,703
#5,703
Sudden Impact said:
Delta on the 19 SP is .50 for each 1.00 move of the underlying stock price
Theta on the 19 SP is -.05 per day Time Decay
Open Interest was 3,476 and Volume on that SP was 4988
Underlying Stock Price at Close was 18.53 plus 0.21 AH = 18.74
Watch PM on Tuesday and Make a decision. Time Decay is working against you...Take the profit.

The longer you stay in the Trade the worse it can get...Unless you really want to own the stock you could get caught up in dead man zone which would be 19.01 to 20.02

Just remember that 60% of Options expire worthless.... Another option would be to sell half of your position for profit. 3 days of time decay equals -.15 which may or may not be offset by AH and PM.
Click to expand...
Haha decision made. I will sell on Tuesday, and hopefully for profit!
 
#5,704
#5,704
BigOrangeMojo said:
Regarding Quest, they've taken a lot of PR hits with their COVID testing results/accuracy/turnaround time. That may explain their stock price issues.
Click to expand...

That would explain it. Any company touching COVID-19 is the current version of a turn of the century dot com company. Thermo Fisher has never come back down. TeleDoc is still way up. I’m sure most others with “exposure” are as well.
 
#5,706
#5,706
VolAllen said:
So am I actually +$230 or not?! 😂
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Options are 10 or 20 times more volatile than stock, which in fact is the appeal of buying them. The option price is like a 15 year old crawling out the window to go to a party. The break even price is like grandpa asleep in front of the TV.
Buying options is great for totally degenerate gamblers. They slowly bleed to death which is the appeal of selling them.
 
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#5,707
#5,707
Firebirdparts said:
Options are 10 or 20 times more volatile than stock, which in fact is the appeal of buying them. The option price is like a 15 year old crawling out the window to go to a party. The break even price is like grandpa asleep in front of the TV.
Buying options is great for totally degenerate gamblers. They slowly bleed to death which is the appeal of selling them.
Click to expand...

Pretty Good analysis...Trading options, With little knowledge, I often describe it as the following:
1 Build a fire,
2 Make sure it is Raging and Flaming
3 Throw Money into the Raging Fire
4 See how much Money you can grab back before it burns up...
 
#5,709
#5,709
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#5,710
#5,710
BigOrangeMojo said:
No, that stock is probably fairly priced. They took out a bunch of debt and diluted the heck out of the equity. Much like SAVE, there will be runs up to the low-to-mid 20s (and dips back to the $15-17 range) but I don't see runs back to the 50s or 60s anytime soon.
Click to expand...

they were at $43 at the end of January, pre covid and pre dilution.
 
#5,711
#5,711

CCL was in the 50s most of January. I dont love this stock at this price. I think with the debt and dilution, $25-$26 is about as much of a ceiling as I see now.

Think there are better, less risky, recovery plays.
 
#5,714
#5,714
BigOrangeMojo said:
CCL was in the 50s most of January. I dont love this stock at this price. I think with the debt and dilution, $25-$26 is about as much of a ceiling as I see now.

Think there are better, less risky, recovery plays.
Click to expand...

It was also near $70 in early 2018, and declined steadily to the mid 40s by late 2019. I had started buying it below $50, ouch.
Their future hinges on whether they can reopen safely.
 
#5,715
#5,715
Orange_Vol1321 said:
View attachment 304646
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This isn’t the Political Forum. But what an idiot. Lowering the corporate rate from 35% to 21% is keeping jobs, production facilities, and corporate headquarters here. 35% makes us uncompetitive with the rest of the world. And taking almost a half a percent from short term traders might sound like no big deal, but those trades increase liquidity of securities and keep the spreads narrow on many.
 
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#5,720
#5,720
Thunder Good-Oil said:
I don’t like these Monday holidays. I look forward to US equity markets opening after being closed Saturday and Sunday. Makes me want to get into FOREX.
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What are your thoughts on USD in the near to mid term? We've seen it strengthen over the last couple weeks. Do you think that continues, or do we continue the weakening trend from the last several months?
 
#5,723
#5,723
TheColdVolTruth said:
What are your thoughts on USD in the near to mid term? We've seen it strengthen over the last couple weeks. Do you think that continues, or do we continue the weakening trend from the last several months?
Click to expand...

I’ve never followed currencies closely. When the USD is the go to currency for the world there’s not a lot of incentive to look at many other countries.

What I do worry about is the trillions in deficit spending for stimulus and battling COVID-19 when the debt was already over $20T. On the other hand we’re pulling back on being the world’s police force, moving away from giving free access to US consumers without reciprocity, cracking down on the IP theft which is great for our leading position in tech, and being a net exporter of energy. Geographically we’re far and away in the best position in the world. Two oceans protect us from a lot of the world’s riff-raff, we have the greatest transportation network in the world by far, AND we have the ability to produce far more food than we consume. So we’re still in a good place despite the deficit spending.

If I got into FOREX it would almost certainly never be anything other than for play with small dollars put at risk. I’ve never been into the Las Vegas type of gambling, but I would think that FOREX odds are much better. I’m far from having a great understanding of world economics. If I was in my 20s I’d devote a lot more time into studying the concepts.
 
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#5,724
#5,724
TheColdVolTruth said:
What are your thoughts on USD in the near to mid term? We've seen it strengthen over the last couple weeks. Do you think that continues, or do we continue the weakening trend from the last several months?
Click to expand...
I see a continued move down. Oddly enough worse with Trump at the helm. He is a spend and borrow guy, and the fed seems content to print, print, print. This has been necessary to prevent a covid depression, but it was happening before covid.

In the end it is the strength of one countries economic strength or outlook against another.

The international US companies are making more money(in general] with the devalued USD. 😁
 
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#5,725
#5,725
Go aeiou said:
I see a continued move down. Oddly enough worse with Trump at the helm. He is a spend and borrow guy, and the fed seems content to print, print, print. This has been necessary to prevent a covid depression, but it was happening before covid.

In the end it is the strength of one countries economic strength or outlook against another.

The international US companies are making more money(in general] with the devalued USD. 😁
Click to expand...

I think that Trump will try to balance the budget if he’s re-elected. Not for a couple of years though. It will be a miracle if the debt is under $35T in 4 years.
 
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