Crypto thread

Yeah 0.30 

Fed buying junk now 

Dumped that $6 USO call at 0.28 

Shorting HD at $200 

HD $165 put 9/18 

why is there such a big difference between bid and ask? 

Bid $9.40 

Ask $12.70 

I guess that’s just the order book? 

Put in an order for HD $190 put 4/17 @ 1.75 

Didn’t think that was going to get filled. 

Bought $190 HD 4/17 at $1.99 

6.6 million unemployed claims 

Roughly 17 million in 3 weeks 

IMF says it anticipates the world economy will have the ‘worst economic fallout since the Great Depression’ 

USO pumping, sold that too early. What can you do. 

Need MGM and HD to dump 

Being long in stocks is the same as being short fiat? What are your thoughts there? Inflation would mean the stock market would pump? Hmmm 

Tepper: Every company I talk to is going broke, credit markets are a mess, and unemployment is headed to 20%. Do not currently understand this market. 

Trudeau: ‘Canada will not return to normality until a coronavirus vaccine is developed. That could be a long way off’ 

MGM $7 put 9/18 

4 contracts @ $0.90 

MGM $13 put 4/17 

5 contracts @ $0.33 

Basically I’m short HD from $203 and MGM from $16 

1 HD and 1 MGM contract expires 4/17 

1 MGM contract expires 9/18 

Eying Disney as well. No theme parks, no movies, no sports on ESPN. 

Currently $106, up from a low around $88. 

Disney bottomed at $18 last recession 

Hilton 47.5 put expires 10/16 

2 contracts @ $4.55 

Ok that’s enough of that 

Teach me how to do one thing and now I can’t stop. Puts everywhere! 

I hate to agree with you Detox, but your puts should pay off across the board. This market rally is lunacy. The big boys will be getting involved soon with an avalanche of shorts to help you out.

Markets should be open today 

JP Morgan Chase announces that homebuyers will need FICO scores of 700+ and 20% down to qualify for a mortgage 

They’re only the nations largest lender, nbd 

JP is a conventional lender, there is also still Freddie and Fannie and other private lenders.

Over the multiple properties I've lived in, I've never had a loan with JP or BofA or Chase (pre-JP) always smaller lenders who flipped the loan to a mid size lender. My loan now is with a private lender who holds their loans in house.

Interesting thing though, prices have not started to come down here much at all..inventory is low so until listings start to increase I dont know how far prices will fall. People will try to gut it out as long as possible before resorting to fire sale pricing of properties.

As it should be. 

They realize they need to get out in front of this.  More lenders will get onboard, I suspect. 

I saw where requests for deferrals were up 2000% or so last month.  

You would think our folks would learn by now — but, they haven’t.  The mindset has to change.  If one good thing comes from this crisis — maybe this might be it.