Boiler Room: The Official Stock Market Discussion

[Domingo Halliburton]

I heard some threory that this could destroy our healthcare system.

Some guy in florida visited Italy or china and came down with flu like symptoms. He visited the hospital to check for corona. He didnt have it. The bill was like $3,000. And his insurance only covered half. I dont even know how true this story is but it's totally believable with our healthcare system.

Imagine if the virus caught on. People would avoid doctors to avoid insane medical costs.

At the end of the day i think this is an overreaction, and the above won't happen but are we really trusting god damn Trump and Pence? Lol

 

[Futuristic Eskimo]

Or just take a longer term view. Your down 10% from all time highs. Buy puts or the vix for protection if you're freaked out. If that's too complicated buy an ETF that's an inverse of the S&P500

Puts are probably expensive as hell right now. Hard to hedge in the middle of it. I think gold was down today which was bizarre. Can't explain some of these moves

 

[NkrumahWasRight Is Wrong]

Puts are probably expensive as hell right now. Hard to hedge in the middle of it. I think gold was down today which was bizarre. Can't explain some of these moves

Yeah idk how gold and silver werent really strong today

Market has been weak on fridays in 2020 more often than not. We'll see if the previous days of drops reverses that trend or if its worse than usual

 

[Domingo Halliburton]

Puts are probably expensive as hell right now. Hard to hedge in the middle of it. I think gold was down today which was bizarre. Can't explain some of these moves

Hell if it goes down another 5% are they expensive?

 

[Domingo Halliburton]

Edit: off topic

 

[LeVraiPapi]

I heard some threory that this could destroy our healthcare system.

Some guy in florida visited Italy or china and came down with flu like symptoms. He visited the hospital to check for corona. He didnt have it. The bill was like $3,000. And his insurance only covered half. I dont even know how true this story is but it's totally believable with our healthcare system.

Imagine if the virus caught on. People would avoid doctors to avoid insane medical costs.

At the end of the day i think this is an overreaction, and the above won't happen but are we really trusting god damn Trump and Pence? Lol

it is true. Miami Herald investigated it

 

[88m3]

Bloomberg
2 hrs ·
In China’s $7.8 trillion ocean of equities, there are only four options contracts.

In China’s $7.8 trillion ocean of equities, there are only four options contracts. It’s perhaps no wonder then that one of them, introduced just in December, saw extraordinary demand when Chinese markets were roiled by coronavirus fears on Feb. 3.

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BLOOMBERG.COM

China Stock Option’s 2,800% Surge Shows Desperation for Hedges
In China’s $7.8 trillion ocean of equities, there are only four options contracts. It’s perhaps no wonder then that one of them, introduced just in December, saw extraordinary demand when Chinese markets were roiled by coronavirus fears on Feb. 3.

 

[Hahahaha]

I heard some threory that this could destroy our healthcare system.

Some guy in florida visited Italy or china and came down with flu like symptoms. He visited the hospital to check for corona. He didnt have it. The bill was like $3,000. And his insurance only covered half. I dont even know how true this story is but it's totally believable with our healthcare system.

Imagine if the virus caught on. People would avoid doctors to avoid insane medical costs.

At the end of the day i think this is an overreaction, and the above won't happen but are we really trusting god damn Trump and Pence? Lol

Even worse, most people can't afford to miss work

 

[NkrumahWasRight Is Wrong]

$VIR

 

[Domingo Halliburton]

Like @Futuristic Eskimo said. The end of the month is here. Expect central banks to cut rates. Calm down.

 

[Domingo Halliburton]

If i wasnt clear. If youre freaked move your money to bonds.

 

[N.J.stan]

These fking futures looking ugly as shyt, got damn i shoulda held or rebought my puts

Let's see if 25k holds. Weekly chart doesn't even look oversold yet and the 200 moving average is 23.5

Up early to try and make something today off options to stem my inevitable losses on stocks

 

[Day_Walker]

Got a couple questions brehs.
Is buying gold a good idea before a recession or downturn in economy hits ( my understanding, dollar loses value but gold remains stable therefore going up in value when the economy tanks).
And do you think the economy will go down with this coronavirus thing.
Also any advantages/disadvantages in investing in physical gold vs paper gold.

 

[chineebai]

The only stock that I would buy is APT, they make protective equipment and even when this coronoavirus scare is over, they'll still be in demand.

Damn had you brought apt yesterday you would be +100% and thats the common stock, imagine if you brought calls, goddamn at least +1000%

 

[Tha Gawd Amen]

Making money off puts but fukk but where is bottom? Is the 2018 correction a guideline to go by here or is this starting to feel 2008ish?