Author: pluginever
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Why would I not just write short-expiry covered calls that are already in the money?
Let's take SOFI for example. A 21dte call with a strike of 7.00 nets $71 per option written. Current stock price of $7.25 means I lose $25 on the sale, but I've still made fifty bucks. However, a 21dte call with a strike of $7.5 nets $49 per option written, plus $25 for the sale…
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Ulta Beauty’s ($ULTA) Problems Are Not the Industry’s Problems
The chain’s bleak outlook sent shares across the sector tumbling. But this week’s rosier take from Sephora owner LVMH suggests prestige beauty still has its place in an ever-crowded market. While cosmetics, skincare, fragrances and hair care have often been touted as small luxuries that consumers can’t give up even in the hardest of times,…
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Dow Jones Futures Tumble On Iran Explosions; Stock Market About To Break Power Trend
Dow Jones futures fell sharply overnight, along with S&P 500 futures and Nasdaq futures, amid reports of explosions in Iran and elsewhere in the Mideast. Treasury yields tumbled while crude oil jumped. Source: https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-power-trend-ending-netflix-subscribers/?src=A00220
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r/Stocks Weekly Thread on Meme Stocks Saturday – Apr 20, 2024
The meme stock scheduled posts will now run weekly and post Saturday afternoon and won't be a sticky; you're probably seeing this because automod sent you here! Full list of meme stocks here. This will be updated every once in a while. Welcome traders who just can't help them selves discuss the same exact stock…
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Are Rates High Enough? Fed Resets Clock on Interest-Rate Cuts
(Bloomberg) — A string of disappointing inflation data has forced the Federal Reserve to reset the clock on its first interest-rate cut and re-evaluate the trajectory of price growth. Chair Jerome Powell cemented that message this week when he said it’s likely going to take “longer than expected” to gain the confidence needed to lower…
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Procter & Gamble sales disappoint as price hikes slow down
Procter & Gamble on Friday reported mixed quarterly results as it struggles to bring back shoppers after two years hiking prices across its portfolio, from Tide detergent to Charmin toilet paper. The company’s prices were up 3% compared with the year-ago period, although CFO Andre Schulten said on a media call that P&G didn’t institute…
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Artificial VTI?
So, this is kinda a weird idea but in my mind it works lol. So, 50% VOO 25% XMHQ and 25% AVUV (whatever % each makes up in VTI but with a small cap value tilt) would maybe be better than VTI itself? I believe that quality is an extremely important trait in a stock…
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Exxon’s Market Value Tops Tesla’s as Oil Rises, EV Sales Slow
https://www.bloomberg.com/news/articles/2024-04-19/exxon-s-market-value-tops-tesla-s-as-oil-rises-ev-sales-slow Exxon Mobil Corp. surpassed Tesla Inc. in market value for the first time in more than a year after the electric vehicle maker’s sales slowed and investors bet on consumers’ reluctance to ditch gas-powered cars. Tesla is down 41% in a punishing start to the year, marked by renewed growth worries, widespread job cuts…
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So if ByteDance agrees to sell Tik Tok, who do you think it would be?
With the house passing a bill that includes a provision to effectively ban Tik Tok, I thought it might be interesting to discuss who a potential buyer might be. iirc in 2020 Microsoft almost bought it, so my guess would probably be them. I think Tik Tok would give them a massive presence in mobile…
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Why is NTDOY up 20% after-hours?
I can’t find any news. Also, RH wouldn’t let me sell any. I’m guessing because it’s a Japanese company that it’s ineligible for after-hours trading in the US? It wouldn’t tell me why, it just queued my order for Monday, so I cancelled.