You guys crack us up. You're trying to market something over here, but you don't understand the market.
SPY is an ETF (exchange traded fund) that tracks an index of stocks. It is not an individual stock.)
You're headlines are comparable to a person running through the woods wearing a strobe light, thinking they are camouflaged.
I do, on occasion. They tend to have a high percentage of wins when established on days where volatility is extremely high (put spreads) or extremely low (call spreads).
You need to think "reversion to the means" to get the most out of these trades. Psychologically, it is often difficult to establish the position, for example on a day when the S&P is down 70 points, to sell the put spread can seem downright scary, but it's exactly the time to do it.
Another good credit trade for the current environment, is to sell puts on the metals outright on days when they are taking a sound beating. The lower they go, the more appealing this strategy is, as somewhere down there is a price they will never hit. They certainly aren't going to hit zero.
It makes sense given the action over the past couple of weeks, that a brokerage would want to protect themselves, as well as the account holders, from the potential for more wild swings.
Despite a calmer end of the week yesterday, the potential for more of the same, mostly due to fears of recession in China, is about a given.
I would say that Fidelity is being responsible on this one.
I thought they already had that? How about one that lets them pay next to nothing for labor and give people in humane schedules? Oh, wait, I think they have that already too.
Only mistake in what you're saying.....the Chinese workers remain impoverished, with non-living wages and slave like working environments, something that the people you speak of are trying to bring here.
What I don't get is why he created Satan.
I mean, if God is omniscient, which they (who believe in Satan and all that stuff) say he is, he would have already known ahead of time that Satan would turn against him and would end up getting kicked out of heaven, spending the rest of eternity into tricking mortals into sinning and joining him in hell.
Seriously, God would go through all that if he was omniscient?
This is a decent set up. You could also explore calls further out of the money, with a closer expiration date, and sell one to cut the cost of the trade further.
I would have to study the chains, which I'm not doing right this minute, but the idea is to sell a call that has little or no chance of going in the money, given it's expiration and distance from the current price of NUGT.
By adding this leg to your trade, you will cut the cost and potentially be able to profit from a move either way. You could also add a fourth leg, a put with a closer expiration and with a strike low enough that it's not likely to go in the money.
Those short options could take a chunk of the cost right out of the trade for you. But if the premiums aren't there to make it worth it, the trade as is without them is still pretty good.
Looks like a good trade. Limited risk, enough upside to be worth it.
Purple haze all in my brain
skinnin' mule just don't seem the same
forever happy or in misery
whatever it is
put a spell on me
$15 per hour at full time would be around 30K per year. I doubt machinists and administrative assistants will be jumping for it.
I would have liked to see Trump for president, mostly because he would have at least tried to bring manufacturing back home.
But you're probably right....he shot himself in the foot, then turned around and cut his nose off to spite his face.
Kind of sad.
I'm not talking about reality, I"m talking about how the market is likely to respond to the headlines.
The down move resulted from the China / Greece fear combo.
China market 'stabilized" and Greece has a deal now.
Barring anything coming out of oblivion, the coast should be clear to go higher this week.
The Fed could "print" directly to the accounts of the productive class. Just the increase in local sales tax revenues alone could allow for such a rail system.
Consumers would be able to purchase modern alternative energy systems for their homes, electric vehicles, etc.
And because the treasury is bypassed in the process, nothing is added to the national debt.
This wouldn't be a "free give away" program, but rather a way of returning the means of exchange to those who have rightfully been working for it, and have been slighted, for so many years.
All anyone has to do is to look at the rise in the cost of living vs. the lack of rise in personal incomes over the past 30 to 40 years , for at least 80% of the population, the productive class, to see the truth of this.
What I'm alluding to here, is the QE money that sits, in mass quantities, on the balance sheets of banks, and collects interest. The banks that caused the crisis, benefited from QE, and still do.
So, QE stemmed a systemic crisis, but without demand, that money will never reach a healthy velocity.
The productive class, for the most part doesn't have the means to even borrow that money. So, it sits and collects minimal interest, but if you're the big bank, given the size of the free gift, that's good enough for you.
My point in this thread, is to show where the underlying problem is. There is a distortion of value placing the means of exchange in the hands of the parasitical elite class, while the productive class is deprived of what they truly earn, causing a lack of demand.
Without that lack of demand, we wouldn't need things like QE.
I'm familiar with "money supply".
I think right now, money velocity is more interesting. The supply of money is almost meaningless, because so much of it is static, not circulating.
The main point, though, is the distortion of value we're dealing with, which is one of the major underlying problems of the world economy.
People who provide little or no value to the rest of us get rich, while people who are of great value to each other don't make enough to live off.
I'll ask the question another way.
What happens when wages are kept low, as the productive class has no choice but work or starve, and the non-productive class keeps the lions share of the means of exchange, produced in the form of currency, namely profits?
Does demand drop for goods and services? Do governments go broke? Do central banks try to fill the void somehow, by manipulating interest rates and printing more money (only to have it stagnate on the balance sheets of the culprits)?
1929, 2008, and now.