😭 My reaction to bears. Here’s the thing, be a bear but, be a lazy bear. Take your money out in a few days. Let VIX capitulate and then buy puts for less premium. It never pays to be the first bear into hibernation, just the first bear out of hibernation.

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That's a legitimate risk to consider, but that's also why I keep proposing local production rather than unrestricted imports. Require BYD or any other Chinese automaker entering the US to build locally, employ American workers, comply with US labor, safety and environmental rules, and make its corporate structure and subsidies subject to the applicable US trade and competition rules. Then the “they're only cheap because China subsidizes exports and pays Chinese wages” hypothesis becomes much easier to test. Brazil is already giving us an imperfect version of that experiment. Chinese companies that arrived here 15+ years ago didn't automatically succeed. Chery struggled badly in its early years but stayed, localized and eventually partnered with CAOA. JAC initially had a much stronger launch, but its passenger-car operation later shrank dramatically. Now BYD, GWM, Chery and Changan are localizing manufacturing in Brazil and employing Brazilian workers, while competing against GM, VW, Stellantis, Toyota, Hyundai and others that also manufacture here. If the business model really depends on permanently selling cars below cost, localization won't magically make that sustainable. But if Chinese manufacturers can eventually make money producing locally while still offering competitive prices, then we have to consider another explanation: maybe part of the advantage actually comes from manufacturing efficiency, batteries, vertical integration, platforms, procurement and scale. That's exactly what I want to find out. I don't want American workers flipping burgers either. I want to know which manufacturing system can employ them while producing globally competitive cars.

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TSM very suspicious close (in a good way) - Of course happened after I sold my 1DTE calls just so I can withdraw $50 from my account (yes I am that broke)- Hope the very small, further OTM position I left open pays off tomorrow 🙂🙏🏻

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No problem -- they are a good way to get leverage on a position and sometimes the options market isnt super efficient where and there is asymmetric pricing where you can get high leverage for relatively low price. For example with something like SoFi right now you could do a June 2028 $20/$30 spread for about $2/contract, which would break even around $22 and be a ~4x payday if it is over $30. I like to use these on long term plays after a stock gets cut down and I think us a good rebound play. Can give you a lot of leverage for low-ish risk. Usually the further OTM you go the higher the potential payday (example, the same SoFi play with a$30/40 spread pays out like 9.5x)

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Debit spreads is a leveraged bet and pays out if the lower leg of the spread is crossed and maxes out when the upper leg of the spread is crossed. If the price holds above the price near expiration than OP will make a good amount, if it drops below the lower leg he gets nothing. For example with OP, for SPCX 135/145 spreads expiring on 9/25, if the price stays above $145 he will max out his gains, if it drops below $135 in a week he is going to lose the whole bet, if it is somewhere in the middle, well he will probably break even or make some money.

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At least roulette pays 35 to 1 when you lose your life savings, and they give you free drinks while JPow and Warsh take your money.

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Gold pays the patient and shakes off the weak. Always has been.

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crime pays tho

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now shorting btc pays off again and going long stocks. free money. BTC does delayed dump. inflation will kill it

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Held it for a while. Was down 10% or so. Now up over 20%. Sometimes it pays to be diversified. But like with all my many positions, when they jump like this, I wish I had more. 

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