Stock Market/Investing/Day Trading/Speculative Trading Thread

[Jim14510]

Had a buddy text me the ETF TSLY.

YieldMax TSLA Option Income Strategy ETF. Current yield 69.97%. Only been around since 11/22/22 so it is new.

Basically is invested in Treasuries and Tesla options.

Tesla is up about that much since Nov 2022. December was the bottom.

 

[Faux Sean Callahan]

Tesla is up about that much since Nov 2022. December was the bottom.

Yeah, I would think that they would be able to generate a yield no matter the direction of Tesla. Given they can do calls and puts. They just need the volatility.

But I need to research it more.

 

[Pepe Silvia]

Yeah, I would think that they would be able to generate a yield no matter the direction of Tesla. Given they can do calls and puts. They just need the volatility.

But I need to research it more.

"TSLY aims to generate monthly income while providing exposure to the price returns of the Tesla stock (TSLA), subject to a cap on potential investment gains. The fund utilizes a synthetic covered call strategy via standardized exchange-traded and FLEX options, which consists of three elements: i) synthetic long exposure, ii) covered call writing, and iii) US Treasurys. The synthetic long exposure seeks to replicate the price movements of TSLA by purchasing and selling “at-the-money" call and put options that generally have six-month to one-year terms. To generate income, the fund writes call options with an expiration of one month or less and a strike price of approx. 5%-15% above TSLA’s current share price. This limits the fund’s participation in potential gains if TSLA shares increase in value. Lastly, the fund holds cash and short-term Treasury securities as collateral. Note: the fund does not invest directly in Tesla stocks. Thus, investors are not entitled to any TSLA dividends."

https://www.etf.com/TSLY

Looking at that it should perform well as long as TSLA trades flat or up, but will get wrecked on drops in price

 

[Jim14510]

Yeah, I would think that they would be able to generate a yield no matter the direction of Tesla. Given they can do calls and puts. They just need the volatility.

But I need to research it more.

Yeah I'm just saying that return doesn't say much with the stock itself up that much.

 

[Toe]

Shares of Better.com — whose CEO fired 900 workers on a Zoom call — slumped 95% on their first day of trade

Better.com shares plunged at the opening bell and fell so quickly that trading was halted four times in its first 30 minutes of trade.

finance.yahoo.com

 

[Faux Sean Callahan]

Cramer had a segment the other night (we'd) that I thought was interesting. It was based on some technical analysis by Larry Williams so I kinda trust it more.

It had to do about money supply bottoming and how it usually triggers a new bull market. When the 12 month change in the money supply changes toward growth usually a new bull market follows.

from early 60's 19/21 times it has triggered a new uptick in the market and really one was just early (2008).

The 12 month change in the m2 money supply has increased the last 2 months.

This is based on the Dow FYI.

Pretty interesting segment.

 

[BingoDingo]

 

[BingoDingo]

This is so crazy...

 

[Jim14510]

This is so crazy...

Holy shit! I had to read that a couple times thinking there's no way I was reading it right.

 

[BingoDingo]

Holy shit! I had to read that a couple times thinking there's no way I was reading it right.

Novo Nordisk's market cap is now larger than Denmark's GDP. Their export rates are surging on 4 drugs. Haha, that's so crazy.

Signal: Novo Nordisk market cap higher than Danish GDP due to obesity drugs - Pharmaceutical Technology

Novo Nordisk's obesity drugs are driving Danish growth as well as record profits as the company becomes second-most valuable in Europe.

www.pharmaceutical-technology.com

 

[Pepe Silvia]

 

[Jim14510]

Covering their bases there.

 

[Frogsker30]

Just got a big check from my former employer ESOP to roll over into my IRA.

I am a know nothing about stocks and investing. Right now I have FEFFX (Fidelity) and VHYAX (Vangaurd).

I am curious if anyone has any advice for the roll over check? Should I put it in one of the two I already have, or find a new fund to put it in?

 

[BingoDingo]

Just got a big check from my former employer ESOP to roll over into my IRA.

I am a know nothing about stocks and investing. Right now I have FEFFX (Fidelity) and VHYAX (Vangaurd).

I am curious if anyone has any advice for the roll over check? Should I put it in one of the two I already have, or find a new fund to put it in?

So, those funds don't really provide you much market diversification really. I'm a big proponent of boring investing - if you're looking at maintaining Vanguard Admiral investments, you should look into VTSAX + VBTLX. That's a total market + bond. You could also look into adding an emerging market fund(VEMAX) and a reit(VGSLX) for a solid mix. If you are absolutely clueless, just contact your IRA folks and get them to put you in a simple target/total fund.

 

[Jim14510]

So, those funds don't really provide you much market diversification really. I'm a big proponent of boring investing - if you're looking at maintaining Vanguard Admiral investments, you should look into VTSAX + VBTLX. That's a total market + bond. You could also look into adding an emerging market fund(VEMAX) and a reit(VGSLX) for a solid mix. If you are absolutely clueless, just contact your IRA folks and get them to put you in a simple target/total fund.

Or the 2035/2040/2045 whatever appx year of retirement is fund. Fidelity Freedom funds maybe?

 

[BingoDingo]

Or the 2035/2040/2045 whatever appx year of retirement is fund. Fidelity Freedom funds maybe?

Yep - target funds are convenient. I haven't looked at the performance, but Vanguard is a little bit less on ratios.

Vanguard Investment Products List

investor.vanguard.com

 

[BingoDingo]

Fuck. We are definitely getting another hike. Prepare your anus and hedge down, lol.

 

[LoudHogRider]

Fuck. We are definitely getting another hike. Prepare your anus and hedge down, lol.

How can it be a fucking surprise? JFC, oil prices are skyrocketing at the same time the nitwit in the White House has his energy Czar buying heavy crude on the open market to fill our nation's strategic oil reserves, further exacerbating the upward price pressures. Higher energy costs touch EVERYTHING!

This inflationary news was inevitable, IMO. The sad part is it's coinciding with the consumer demand starting to pull back. Credit card balances are high, HELOC's are being used, and personal budgets for many, many households are beyond strained thanks to inflation AND some pretty reckless spending by folks. It's belt tightening time for most folks.

 

[BingoDingo]

How can it be a fucking surprise? JFC, oil prices are skyrocketing at the same time the nitwit in the White House has his energy Czar buying heavy crude on the open market to fill our nation's strategic oil reserves, further exacerbating the upward price pressures. Higher energy costs touch EVERYTHING!

This inflationary news was inevitable, IMO. The sad part is it's coinciding with the consumer demand starting to pull back. Credit card balances are high, HELOC's are being used, and personal budgets for many, many households are beyond strained thanks to inflation AND some pretty reckless spending by folks. It's belt tightening time for most folks.

Well, I think that's the cause for concern...the big increase came in July and we saw oil climb basically 4-5 bucks since the start of September. Energy prices are currently negative YoY in the headline - in September, that is going to change and oil prices are going to kicking Powell in the dick. I mean, unless Oil goes up to 100+, we probably won't see sizeable increases in the headline rate, but it's going to lead to another hike and basically ensure inflation stays in the ~3% range for the next seasonal cycle.

 

[LoudHogRider]

Well, I think that's the cause for concern...the big increase came in July and we saw oil climb basically 4-5 bucks since the start of September. Energy prices are currently negative YoY in the headline - in September, that is going to change and oil prices are going to kicking Powell in the dick. I mean, unless Oil goes up to 100+, we probably won't see sizeable increases in the headline rate, but it's going to lead to another hike and basically ensure inflation stays in the ~3% range for the next seasonal cycle.

LOL, I just clicked over to some financial sites. Looks like I should have read those before reacting to your chart. My commentary looks like "The Captain Obvious Follies" in hindsight. I wasn't wrong, tho. 🤷‍♂️