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Hey Nerds: Blockchain

but tbh, if I added all my put hedges the last six months, I am probably under water....but they help me sleep at night #expensive_ambien
 
CH1 said:
I got the SPY 387 putinskis --- 15 of them at 15 cents each. $225 insurance policy.

Yesterday's QQQ insurance policy paid me $1450 this am.
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That's awesome. It's a good way to have peace of mind for sure. For me, I'm not worried about a correction or even QQQ losing 10% from here. I am a BIT worried about something more sinister than that though (i.e. SPY dropping 25-30+% from here). The June 2022's really add to my emotional capital. Like you, I hope they expire worthless but if not I get paid for my troubles.
 
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99 times out of a 100 buying those puts is a losing game.. But I've felt a sense of pessimism on the broad market since around January. After an 80% SPY run and fundamentally speaking, valuations getting out of hand, I'd say it's almost criminal and reckless to not at least take nibbles.
 
So this is a thing that happened this week with the WSB crew

One of the WSB 'apes' actually adopted a gorilla through the Fossey foundation conservation program, named it Gamestop (you adopt, you get to name it) and posted about it on WSB. Fast forward a few days and it turns out that WSB has now donated 20K to the foundation and the director of the program (who had no clue what a gamestop was, who the fuck wallstreet bets is, or why they call themselves Apes) recorded a thank you video specifically for them.
 
CH1 said:
It’s fairly early on
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Found it at 4 minutes in. He kinda just reiterates what I’ve been saying, or the basic bull case I guess. I’m wondering now if letting the $310 spot pass me by was a mistake. I don’t know if the crowd will take it down to $275 territory. But damn I want it so bad. So much so that I’d settle for less than my usual position and am thinking of whether to sell something to free up cash to take the full position.
 
You got to do what you got to do....NO REGRETS

Personally, I’m still not convinced and would need lower prices to get excited
 
Fun Sunday tidbit:

So I was talking with the guy who is amicable with Ben Kovler and I was asking him what the fuck his Twitter was all about.

Well he is the proud owner of this book which was given to him by the author himself

Amazon.ca

www.amazon.ca
 
Of course. I've done this a bunch. Probably exemplifying this best was Crowd, which I bought at its high at the time.

I really like ZM, there's just more complications involved with this one that I'm working through while I wait for the price to find me.
 
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Overnight futures are green and tech is leading rather than lagging...risk is back on (for now). The night is long.
 
Revisiting ghosts of my investing past, if I’d kept Citi, aside from the year of 5% dividends I’d have collected, I’d be up almost 100%. Sonofabitch. Epic fail.
 
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