Tesla back up over 700. Word is their earnings report leaked and it was very good.

SPY hit 280s

WE BACK BITCHES

My god, I'm going to be searching for another March 18th for the rest of my life.

Oil

https://oilprice.com/Energy/Oil-Pric...utput-Cut.html

Good call on buying USO yesterday.....

Loser.

So If you had $50,000.00 sitting in an IRA in the form of cash what one stock would you buy so you could turn into Warren Buffet? Go all in with $50,000.00!

I'd ask Clay what to buy then short whatever he picks.

Why do you say that?

Are we trying to hit a home run? Or would this be a realistic thing where we're managing risk and reward? I'm content with a lower reward and lower risk if it's real money.

If I was trying to hit a home run, I'd go with a cruise line or with an REIT. They're going to bounce back strong or go under. I've got some REITs that have been sodomized for the past month like TWO. TWO might be my play if I wanted to hit a home run and not worry about risk.

If I was putting it all in one stock and I cared about risk, I'd probably go AMZN. It'll go up with market increases and won't get nailed as bad if the market tanks.

So if this is a game, I'll put my money in AMZN.

IBIO for sure. It's going sky high from it's current price. You'll double your money at LEAST when the vaccine comes out.

Be me.

Open an iron condor trade yesterday.

Underlying stock closes within all four strike prices of the iron condor, out of the money on the expiration date. Don't close the position thinking, logically, that since all four strikes are out of the money, nobody will exercise my short put and call positions.

Wake up this morning: someone had exercised the short call after the market closed yesterday.

For about an hour, I assumed I had just lost 50% of my net worth to pay back the hundreds of shares of the underlying I found myself holding short in an appreciating market.

$5 yesterday.

$4.60 today.

That's not exciting. I presume you got out?

You're tougher than me. I was naked on a hedge last year and got crunched on some margin.

Grand scheme of the whole thing, it was fine. I still had gods plenty of the physical and the margin money wasn't significant. But sure had me freaking out at the time. ****ing weather market.

I couldn't imagine having that exposure.

I wouldn't be posting today if I didn't get out.

Cost me all of my recent trading gains and over $1,000 to get back above margin requirement.

Sorry man. That sucks.

I've never dicked with an option strategy like that. What would have happened if one side got filled during business hours?