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#apparently it's raining in california and the world is having a breakdown lol
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What are some Fleetwood Mac songs that you would recommend? I want to start listening to some of their stuff but I don’t know where to start lol
don’t worry, i gotchu. strap in, it’s long, sorry, i tried limiting it to just my top faves but that got uhhhh hard ahha: 
1. landslide: this is just...this is just the greatest song ever written. it’s so poignant yet hopeful yet melancholic?? like i can still, to this day, remember the first time i heard it. it was at my friend sasha’s house, and i was six, and it was the cover by the dixie chicks?? and i heard it and i just laid on her bedroom floor and she had all these little gold painted stars on her ceiling and i felt like i was looking into the whole of space listening to it. then i heard the real version and it was even more magical. it’s a song i never skip, it’s just too beautiful. 
fave lyric: “i’ve been afraid of changing cuz i’ve built my life around you/ well time makes you bolder, children get older/ i’m getting older too” 
2. the chain: this fucking banger. this goddamned banger of a song!! it’s my favorite song ever, i could listen to it all day, every day. it’s a fucking powerhouse, and i’ve talked about it before, hell, i named my fic after it!! it was written for the album rumours which is infamous in that it was written while the whole band hated each other: stevie nicks and lindsey buckingham were breaking up, stevie had had an affair with mick fleetwood, john and christine mcvie were mid-divorce, and it was the shit show to end all shit shows. this is the one song that they all collaborated on together and it is fucking powerful. the whole song is about being betrayed and kinda accepting that things are ending as they are, and allowing yourself to be angry as shit over it. every single member shines on it: the rawness of the vocals from nicks and mcvie,  buckingham’s guitar solo or fleetwood’s drums, to the dirty bass by mcvie. from start to finish it is, in my mind, a PERFECT song.
fave lyrics: if you don’t love me now you will never love me again/ i can still hear you sayin’ you would never break the chain
3. tusk: where do i even begin with tusk. easily one of the best drum beats? again, brilliant lyrics, stellar performance, and overall overwhelming. my dad used to play it in the car with all the windows down and we’d be driving down the highway with it blasting belting it out and it was just...amazing. i genuinely think?? that the chain and tusk compliment each other so fucking well. like the chain is about the aftermath of the break up, the initial betrayal and the heartbreak, the fucking aftermath of the destruction?? while tusk is the slow crawl of a breakdown. and like a breakup, it creeps up on you in intensity: it starts out soft and kinda suspicious? “why don’t you tell me what’s going on?” and the initially suspicions of a lover cheating, or hiding from you, and then explodes into this sick drum beat that builds and builds and builds while the horns blast and wow. it echoes in your chest, matching the intensity. it just slaps
fave lyrics: “don’t say that you love me/ just tell me that you want me” 
3. silver springs: stevie nicks wrote this for rumours and apparently the decided not to include it due to ‘tensions’ in the band (lindsey buckingham cough cough). it’s so poignant?? and simple?? yet so complex?? and haunting?? that’s what i think sets stevie nicks apart from other songwriters is that her lyrics haunt you when they’re finished. like they stay with you and just loop and loop around in your mind. absolutely fucking fantastic. i cannot even imagine being lindsey buckingham and having to stand on stage and listen to the woman who i considered to be the love of my life stare into my soul while telling me that “you will never get away from the sound/ of the woman that loved you” like DAMN STEVIE!!!
fave lyrics: “time cast a spell on you but you won’t forget me/ i know i could have loved you but you would not let me” 
4. rhiannon: where do i even begin with this one?? the guitar is just insane, almost as amazing as the bass, and stevie nicks just shines on vocals. she wrote the song about a welsh witch and she managed to solidify that aesthetic in the lyrics and the vocals. originally, fleetwood mac only wanted lindsey buckingham to join the band, and he had to demand that stevie nicks (girlfriend and musical partner) join. they relented, she got to join the band, and she wrote their two biggest hits off the next album; landslide and rhiannon. so suck on that. 
fave lyrics: “dreams unwind/love’s a state of mind”
5. dreams: this song in itself is just an experience. it’s beautiful and haunting and so fucking melancholic and yet i listen to it no matter what my mood. apparently stevie nicks wrote it in ten minutes. TEN MINUTES.  i love her. i will fully fucking admit i listen to it on the bus to work while i stare out the window to see the rain falling down outside. it is a magical experience, i firmly believe it changes you. it will cleanse you
fave lyrics: “thunder only happens when it’s raining/ players only love you when they’re playing/ say women, they will come and they will go/ when the rain washes you clean you’ll know” 
6. little lies: christine mcvie and stevie nicks sound like sirens as they croon out the chorus. it’s so fucking good?? so fucking good. it’s catchy and it’ll stay in your head for forever after you listen to it once. like, damn. 
fave lyrics: “no more broken hearts/we’re better off apart/ let’s give it a try/ tell me, tell me, tell me lies” 
7. go your own way: if silver springs is stevie nicks calling lindsey buckingham out and cursing him to always be haunted by her, go your own way is lindsey buckingham offering her his heart on a silver platter with a little side of fuck you. he’s basically like fine you wanna break up?? then fuck you i tried my best and you still wanna go? i can’t make you want to stay if you don’t want to. but at the same time its kinda like a farewell to their relationship like i can’t make you stay if you don’t want to. the two of them end up screaming this at each other throughout their ‘82 tour? just eyes locked as they kinda let the other know ‘fuck you’. fantastic
fave lyric: “if i could, baby i’d give your my world/ how can i when you won’t take it from me?” 
8. everywhere: what a perfect goddamned love song that just encapsulates the feeling of being in love and wanting to be near someone at all hours of the day. its so pure and simple yet so powerful because it’s just that fucking good. christine mcvie does NOT get as much recognition as she deserves. its so fucking good and lovely and sentimental
fave lyrics: “can you hear me calling out your name/you know i’m falling and i don’t know what to say” 
9. songbird: this will be the song that i sing to my children when i put them to bed. enough said.
fave lyrics: “and the songbirds keep singing like they know the score/and i love you i love you i love you/like never before
10. gypsy: so there’s a radio station that plays on sirius xm and only in the summer called yacht rock radio. it’s 100% dad music or songs that you would listen to while sipping a margarita wearing a hawaiian shirt while cruising around the sound with your douche friends ironically wearing a captain’s hat and it is my FAVORITE station ever. this song plays at least ten times a day and now whenever i hear it i think of california sunshine rolling over the hills as i drive down the highway or watching the sunset in the horizon as we all sing along. it’s very nostalgic in the best possible way. it makes me feel both old and young. 
fave lyrics: “back to the floor that i love/ to a room with some lace and paper flowers/ back to the gypsy that i was” 
honorable mentions: beautiful child, you make loving fun, gold dust woman, don’t stop, secondhand news, never forget, sara, big love, the entire album of rumours (even thought i’ve basically listed them all here...oops), and stevie nicks entire 1981 album bella donna
let me know what you think!!
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preciousmetals0 · 4 years
Text
Trump Touts Containment; Investors Ain’t Having It
Trump Touts Containment; Investors Ain’t Having It:
Going to California
There was an attempt last night to assuage growing coronavirus fears in the U.S. But that attempt went over like a lead balloon.
Following the fifth consecutive drop in U.S. markets, President Donald Trump expressed a whole lotta love for the nation. Trump assured everyone: “Because of all we’ve done the risk to the American people remains very low.”
“We have quarantined those infected and those at risk,” he said. “We are rapidly developing a vaccine. The vaccine is coming along well.”
Unfortunately for Trump, the Centers for Disease Control and Prevention (CDC) announced that not quite everyone was quarantined in the U.S. The CDC revealed the discovery of a patient with no direct ties to the coronavirus’s immigrant song outbreak.
In other words, this particular infection didn’t come from over the hills and far away … it was home-grown near San Francisco, California.
News of the unrelated outbreak hit Wall Street hard today, sparking another sharp sell-off. Investors are particularly concerned that, when the levee breaks on the coronavirus in the U.S., the economy could face a recession … one that even central bankers will be unable to fix.
But President Trump is no fool in the rain. He provided no quarter for the outlook on the COVID-19 outbreak in the U.S.
“There’s a chance it could get worse; there’s a chance it could get fairly substantially worse, but nothing’s inevitable,” the president said.
The Takeaway: 
Nothing’s inevitable? Death and taxes would like to have a word with you, President Trump.
I won’t ramble on about the coronavirus like I have in the past. With more than 10 years gone, the bull market is sick again. Very sick.
The Dow has plunged more than 9% in the past four days, setting Wall Street’s favorite barometer back to levels last seen in October 2019. The Dow’s next line in the sand appears to be the 25,750 to 26,000 region.
This area is home to the Dow’s October 2019 lows and could provide short-term support for stocks.
So, if you’re looking for a short-term positive for the broader market, that’d be it. A move below 25,750 would be a heartbreaker for the market and a potential sign that things will get much worse.
Right now, you might be dazed and confused, wondering: “Hey … hey, what can I do?”
If you’re a regular Great Stuff reader, you already know what to do. Continue moving out of riskier, aggressive investments — like that winger you took on Virgin Galactic Holdings Inc. (NYSE: SPCE) — and get yourself into more conservative investments … such as gold or bonds.
If you’re not sure what is and what should never be when it comes to investing in gold and bonds, the iShares 20+ Year Treasury Bond ETF (Nasdaq: TLT) and the SPDR Gold Trust (NYSE: GLD) exchange-traded funds (ETFs) are great places to start.
But, if you’re feeling particularly trampled underfoot with the market sell-off, there’s no reason to visit the gallows pole. The experts at Banyan Hill are here to guide you through Wall Street’s communication breakdown!
For instance, it doesn’t matter if the market experiences good times, bad times … you know we’ve all had our share … mega tech trends such as 5G and electric vehicles aren’t down for the count. No sirree, Bob!
If you invest in the right mega tech trend stocks, your time is gonna come, and Ian King’s Automatic Fortunes can help get you there.
You can find out more about Ian’s tech trend research here.
But… (And there’s always a but, isn’t there?)
If this virus shebang has you fighting the battle of evermore, you don’t want to miss out on what may turn into a prime time to buy. In that case, Jeff Yastine’s research is just what the plague doctor ordered.
Jeff knows how to spot standout companies trading for pennies on the dollar — and there are a lot of those out there right now.
You can find out more about Jeff’s research by clicking right here.
Going: Penney for Your Thoughts
If you had told me yesterday that J.C. Penney Co. Inc. (NYSE: JCP) would be one of today’s hottest stocks … I’d have probably called you crazy. And yet, here we are … watching JCP shares rally amid another Wall Street bloodbath.
The department store hasn’t had the best track record in the earnings confessional in the past year, but Santa Claus apparently took pity on Penney. The company reported a surprise fourth-quarter profit of $0.13 per share, blowing away consensus expectations for a loss of $0.06 per share.
Revenue was also better than expected, falling 7.9% to $3.49 billion, but it still arrived ahead of Wall Street’s $3.38 billion target. Same-store sales dropped 7% on the quarter but were better than the expected 7.3% decline.
Finally, Penney indicated that the worst may have finally passed in its turnaround efforts. The retailer forecast same-store sales to fall a mild 3.5% to 4.5% for 2020, halving the consensus target for a 7.7% decline.
Clearly, J.C. Penney isn’t out of the woods just yet, but it’s finally making some headway. If the company can continue to progress with turnaround plans amid the coronavirus outbreak, it may finally be time to take Penney seriously again.
Going: Be Best
Strong prior-quarter results are no longer enough to cut it in this coronavirus world. Just ask Best Buy Co. Inc. (NYSE: BBY).
The big-box electronics retailer reported strong fourth-quarter results. Earnings rose 7% to $2.90 per share, while revenue sallied 3% higher to $15.2 billion. Both figures easily topped analyst expectations.
Best Buy’s earnings and revenue beats are even more impressive when you consider the company’s 2019 struggles with Chinese tariffs and the trade war. Best Buy has an extensive supply chain in China.
But it’s out of the fire and into the frying pan, with the coronavirus sweeping across China like a Mongol horde. “As we enter fiscal 2021, we are closely monitoring the developments related to the coronavirus outbreak,” said Chief Financial Officer Matt Bilunas.
Best Buy expects 2020 earnings of $6.20 per share on sales of $43.8 billion. “Our guidance ranges for both Q1 and the full year reflect our best estimates of the [coronavirus] impacts at this time,” noted Bilunas.
Both figures were well below Wall Street’s expectations — which seems odd, considering that analysts know Best Buy’s China situation. Personally, I see this as more proof that Wall Street hasn’t completely accepted the full potential impact of the virus.
Keep an eye on Best Buy. The company is strong and well-run, meaning you could find a diamond in the rough if you jump on BBY shares at the right time.
Gone: Shut the Windows
And the list continues to grow…
Last week, I told you about how Apple Inc. (Nasdaq: AAPL) was the canary in the coal mine regarding coronavirus warnings. Today, Microsoft Corp. (Nasdaq: MSFT) joined the party.
“Although we see strong Windows demand in line with our expectations, the supply chain is returning to normal operations at a slower pace than anticipated at the time of our Q2 earnings call,” the company said in a statement. That second-quarter earnings call was just last month. My, how quickly things can change.
So, what’s the impact? The company says that its personal computing, Windows and Surface sales will not be up to snuff due to the virus outbreak. Microsoft’s personal computing unit accounted for 36% of total revenue last quarter, meaning that a slowdown here could materially hamper current-quarter results.
MSFT shares were punished hard for the warning, but ol’ Softy will be back — you can bet on that. Remember, Microsoft is the company that outlived the dot-com bust … and several other market disasters along the way.
That’s right, Great Stuff readers … this sell-off in MSFT is a buying opportunity. Maybe not right now. The market has a pretty nasty cold. But if you hold MSFT, there’s no reason to sell. In fact, look for opportunities to buy … just be careful about when.
Rabble, rabble, rabble. It’s time for Great Stuff readers to babble!
Welcome to your weekly Reader Feedback!
This week, we asked you for your thoughts on Warren Buffett, the market and the coronavirus. So, let’s get things kickin’, shall we?
China’s West Province
Howz it goin’!
– Don’t follow Buffett, he makes most of his money selling puts, or he just buys the companies, or he waits for the leeches to come to him and rips them off … lol.
– If Trump is still president, S&P 500 will be up.
– If you mean corona viral market, I have my own gauge. When hundreds of infections start showing up here in China’s west province … British Columbia, Canada … lol (sad but true ), then I’ll start worrying ’cause there has to be a few full 747s coming in daily.
– Like your newsletter, read it every night.
Keep up the good work.
Cheers!
Tony D.
Here’s a guy who followed this week’s assignment to the letter. You get an A+, Tony.
I, too, will start to really worry when hundreds of infections start showing up in North America. With today’s news of a spreading infection near San Francisco, I’m thinking you might get pinched from below … instead of air-dropped from Chinese 747s.
Stay safe, brother, and thanks for reading Great Stuff!
Plug Into Options
Hi, I really enjoy Great Stuff, and Profits Unlimited has made me some money. Would Joseph like any comments on Tesla from an options trader?
Gary F.
’Sup, Gary! So, you want to trade Tesla Inc. (Nasdaq: TSLA) options … hmmm. You know, you haven’t picked the best market time to consider this option, right? Volatility is through the roof right now. That means that Tesla options (heck, all options) are a bit expensive.
Thirty-day volatility on TSLA right now is higher than 90% of all readings taken in the past year. In layman’s terms, that’s pretty high, and TSLA options are expensive.
Remember, Gary, options trading is not for the faint of heart. And your strategy depends on what you want to get out of the trade. Are you looking to own Tesla stock at a lower price? Or, are you looking to profit from TSLA’s decline or rally?
Basic options strategies like buying calls or puts are going to be rough in a high-volatility environment. You’ll pay a lot and miss out on returns because of it. But, if I were forced to trade TSLA options, I would probably look at short-term puts … maybe in April or May, just to give myself some breathing room.
But that’s only if I were forced to trade TSLA options. I’m not forced, so I won’t.
By the way, Gary, I see you have Profits Unlimited … did you know that Paul Mampilly also has an options trading research service? If you’re interested in TSLA options, you should really check out Rebound Profit Trader.
You can find out more by clicking here.
All right, Gary wore me out. I’m sorry if I didn’t get to your question today. I’ll try to hit you up next week, so keep writing in!
And if you haven’t written in yet … what’s stopping you? Drop me a line at [email protected], and let me know how you’re doing out there in this crazy market.
That’s a wrap for today. But if you’re still craving more Great Stuff, you can check us out on social media: Facebook and Twitter.
Until next time, good trading!
Regards,
Joseph Hargett
Editor, Great Stuff
0 notes
goldira01 · 4 years
Link
Going to California
There was an attempt last night to assuage growing coronavirus fears in the U.S. But that attempt went over like a lead balloon.
Following the fifth consecutive drop in U.S. markets, President Donald Trump expressed a whole lotta love for the nation. Trump assured everyone: “Because of all we’ve done the risk to the American people remains very low.”
“We have quarantined those infected and those at risk,” he said. “We are rapidly developing a vaccine. The vaccine is coming along well.”
Unfortunately for Trump, the Centers for Disease Control and Prevention (CDC) announced that not quite everyone was quarantined in the U.S. The CDC revealed the discovery of a patient with no direct ties to the coronavirus’s immigrant song outbreak.
In other words, this particular infection didn’t come from over the hills and far away … it was home-grown near San Francisco, California.
News of the unrelated outbreak hit Wall Street hard today, sparking another sharp sell-off. Investors are particularly concerned that, when the levee breaks on the coronavirus in the U.S., the economy could face a recession … one that even central bankers will be unable to fix.
But President Trump is no fool in the rain. He provided no quarter for the outlook on the COVID-19 outbreak in the U.S.
“There’s a chance it could get worse; there’s a chance it could get fairly substantially worse, but nothing’s inevitable,” the president said.
The Takeaway: 
Nothing’s inevitable? Death and taxes would like to have a word with you, President Trump.
I won’t ramble on about the coronavirus like I have in the past. With more than 10 years gone, the bull market is sick again. Very sick.
The Dow has plunged more than 9% in the past four days, setting Wall Street’s favorite barometer back to levels last seen in October 2019. The Dow’s next line in the sand appears to be the 25,750 to 26,000 region.
This area is home to the Dow’s October 2019 lows and could provide short-term support for stocks.
So, if you’re looking for a short-term positive for the broader market, that’d be it. A move below 25,750 would be a heartbreaker for the market and a potential sign that things will get much worse.
Right now, you might be dazed and confused, wondering: “Hey … hey, what can I do?”
If you’re a regular Great Stuff reader, you already know what to do. Continue moving out of riskier, aggressive investments — like that winger you took on Virgin Galactic Holdings Inc. (NYSE: SPCE) — and get yourself into more conservative investments … such as gold or bonds.
If you’re not sure what is and what should never be when it comes to investing in gold and bonds, the iShares 20+ Year Treasury Bond ETF (Nasdaq: TLT) and the SPDR Gold Trust (NYSE: GLD) exchange-traded funds (ETFs) are great places to start.
But, if you’re feeling particularly trampled underfoot with the market sell-off, there’s no reason to visit the gallows pole. The experts at Banyan Hill are here to guide you through Wall Street’s communication breakdown!
For instance, it doesn’t matter if the market experiences good times, bad times … you know we’ve all had our share … mega tech trends such as 5G and electric vehicles aren’t down for the count. No sirree, Bob!
If you invest in the right mega tech trend stocks, your time is gonna come, and Ian King’s Automatic Fortunes can help get you there.
You can find out more about Ian’s tech trend research here.
But… (And there’s always a but, isn’t there?)
If this virus shebang has you fighting the battle of evermore, you don’t want to miss out on what may turn into a prime time to buy. In that case, Jeff Yastine’s research is just what the plague doctor ordered.
Jeff knows how to spot standout companies trading for pennies on the dollar — and there are a lot of those out there right now.
You can find out more about Jeff’s research by clicking right here.
Going: Penney for Your Thoughts
If you had told me yesterday that J.C. Penney Co. Inc. (NYSE: JCP) would be one of today’s hottest stocks … I’d have probably called you crazy. And yet, here we are … watching JCP shares rally amid another Wall Street bloodbath.
The department store hasn’t had the best track record in the earnings confessional in the past year, but Santa Claus apparently took pity on Penney. The company reported a surprise fourth-quarter profit of $0.13 per share, blowing away consensus expectations for a loss of $0.06 per share.
Revenue was also better than expected, falling 7.9% to $3.49 billion, but it still arrived ahead of Wall Street’s $3.38 billion target. Same-store sales dropped 7% on the quarter but were better than the expected 7.3% decline.
Finally, Penney indicated that the worst may have finally passed in its turnaround efforts. The retailer forecast same-store sales to fall a mild 3.5% to 4.5% for 2020, halving the consensus target for a 7.7% decline.
Clearly, J.C. Penney isn’t out of the woods just yet, but it’s finally making some headway. If the company can continue to progress with turnaround plans amid the coronavirus outbreak, it may finally be time to take Penney seriously again.
Going: Be Best
Strong prior-quarter results are no longer enough to cut it in this coronavirus world. Just ask Best Buy Co. Inc. (NYSE: BBY).
The big-box electronics retailer reported strong fourth-quarter results. Earnings rose 7% to $2.90 per share, while revenue sallied 3% higher to $15.2 billion. Both figures easily topped analyst expectations.
Best Buy’s earnings and revenue beats are even more impressive when you consider the company’s 2019 struggles with Chinese tariffs and the trade war. Best Buy has an extensive supply chain in China.
But it’s out of the fire and into the frying pan, with the coronavirus sweeping across China like a Mongol horde. “As we enter fiscal 2021, we are closely monitoring the developments related to the coronavirus outbreak,” said Chief Financial Officer Matt Bilunas.
Best Buy expects 2020 earnings of $6.20 per share on sales of $43.8 billion. “Our guidance ranges for both Q1 and the full year reflect our best estimates of the [coronavirus] impacts at this time,” noted Bilunas.
Both figures were well below Wall Street’s expectations — which seems odd, considering that analysts know Best Buy’s China situation. Personally, I see this as more proof that Wall Street hasn’t completely accepted the full potential impact of the virus.
Keep an eye on Best Buy. The company is strong and well-run, meaning you could find a diamond in the rough if you jump on BBY shares at the right time.
Gone: Shut the Windows
And the list continues to grow…
Last week, I told you about how Apple Inc. (Nasdaq: AAPL) was the canary in the coal mine regarding coronavirus warnings. Today, Microsoft Corp. (Nasdaq: MSFT) joined the party.
“Although we see strong Windows demand in line with our expectations, the supply chain is returning to normal operations at a slower pace than anticipated at the time of our Q2 earnings call,” the company said in a statement. That second-quarter earnings call was just last month. My, how quickly things can change.
So, what’s the impact? The company says that its personal computing, Windows and Surface sales will not be up to snuff due to the virus outbreak. Microsoft’s personal computing unit accounted for 36% of total revenue last quarter, meaning that a slowdown here could materially hamper current-quarter results.
MSFT shares were punished hard for the warning, but ol’ Softy will be back — you can bet on that. Remember, Microsoft is the company that outlived the dot-com bust … and several other market disasters along the way.
That’s right, Great Stuff readers … this sell-off in MSFT is a buying opportunity. Maybe not right now. The market has a pretty nasty cold. But if you hold MSFT, there’s no reason to sell. In fact, look for opportunities to buy … just be careful about when.
Rabble, rabble, rabble. It’s time for Great Stuff readers to babble!
Welcome to your weekly Reader Feedback!
This week, we asked you for your thoughts on Warren Buffett, the market and the coronavirus. So, let’s get things kickin’, shall we?
China’s West Province
Howz it goin’!
– Don’t follow Buffett, he makes most of his money selling puts, or he just buys the companies, or he waits for the leeches to come to him and rips them off … lol.
– If Trump is still president, S&P 500 will be up.
– If you mean corona viral market, I have my own gauge. When hundreds of infections start showing up here in China’s west province … British Columbia, Canada … lol (sad but true ), then I’ll start worrying ’cause there has to be a few full 747s coming in daily.
– Like your newsletter, read it every night.
Keep up the good work.
Cheers!
Tony D.
Here’s a guy who followed this week’s assignment to the letter. You get an A+, Tony.
I, too, will start to really worry when hundreds of infections start showing up in North America. With today’s news of a spreading infection near San Francisco, I’m thinking you might get pinched from below … instead of air-dropped from Chinese 747s.
Stay safe, brother, and thanks for reading Great Stuff!
Plug Into Options
Hi, I really enjoy Great Stuff, and Profits Unlimited has made me some money. Would Joseph like any comments on Tesla from an options trader?
Gary F.
’Sup, Gary! So, you want to trade Tesla Inc. (Nasdaq: TSLA) options … hmmm. You know, you haven’t picked the best market time to consider this option, right? Volatility is through the roof right now. That means that Tesla options (heck, all options) are a bit expensive.
Thirty-day volatility on TSLA right now is higher than 90% of all readings taken in the past year. In layman’s terms, that’s pretty high, and TSLA options are expensive.
Remember, Gary, options trading is not for the faint of heart. And your strategy depends on what you want to get out of the trade. Are you looking to own Tesla stock at a lower price? Or, are you looking to profit from TSLA’s decline or rally?
Basic options strategies like buying calls or puts are going to be rough in a high-volatility environment. You’ll pay a lot and miss out on returns because of it. But, if I were forced to trade TSLA options, I would probably look at short-term puts … maybe in April or May, just to give myself some breathing room.
But that’s only if I were forced to trade TSLA options. I’m not forced, so I won’t.
By the way, Gary, I see you have Profits Unlimited … did you know that Paul Mampilly also has an options trading research service? If you’re interested in TSLA options, you should really check out Rebound Profit Trader.
You can find out more by clicking here.
All right, Gary wore me out. I’m sorry if I didn’t get to your question today. I’ll try to hit you up next week, so keep writing in!
And if you haven’t written in yet … what’s stopping you? Drop me a line at [email protected], and let me know how you’re doing out there in this crazy market.
That’s a wrap for today. But if you’re still craving more Great Stuff, you can check us out on social media: Facebook and Twitter.
Until next time, good trading!
Regards,
Joseph Hargett
Editor, Great Stuff
0 notes