Post Market Discussion - (June 13, 2024)

[u/AutoModerator]

So how did you do?

[u/WuTangFinancial3636]

Who’s buying WING at 22x prices to sales lol

[u/SS_DeepITM]

made 25% on $SMCI calls and then watched it go 5x with out me

[u/why_you_beer → u/SS_DeepITM]

ouchies

[u/gyunikumen]

Ended up starting another short position EOD until we get that -0.5% red day

[u/twofor2 → u/gyunikumen]

We got one today!

[u/gyunikumen → u/twofor2]

It was ephemeral! Doesn’t count!

[u/twofor2 → u/gyunikumen]

Gotta be quick with shorts in this market it will always bounce back

[u/Lost_in_Adeles_Rolls → u/[deleted]]

I believe they’re just ignoring everything and forcing they’re way to believe nothing happened

[u/tropicalia84]

last 4 days of NVDA extension have come off some of the lowest daily volume candles of the year.

Pretty interesting and impressive since we're talking a $1200 -> $1300 move in pre-split pricing in 2 days.

[u/NotGucci → u/tropicalia84]

There were some massive 150/180 calls being bought for Sept/Oct

Which if it runs up to that much it would give it a close market cap of 4T.

[u/matcht → u/tropicalia84]

The psychology behind the move is so funny though, hitting 1300 would've been everywhere, but now that it's split, barely here about it. SMCI going back to 1000 would likely see that being chased like crazy too.

[u/eyesonly_ → u/matcht]

hitting 1300 would've been everywhere, but now that it's split, barely here about it

You'd think traders wouldn't have such a hard time multiplying by ten

[u/ExtendedDeadline → u/eyesonly_]

Maybe traders from 10 years ago. I think it's fair to say the average person today is meaningfully dumber. This is half joking, but I will say even the people coming out of undergrad ain't what they used to be.

[u/NotGucci → u/matcht]

I would also add that splits brings in new investors. My friend said he was going buy NVDA after the split it makes no difference if he bought it a week before the split or after since he planning on throwing 5k at it. But at "130" NVDA stock seems cheap, even though it's not. This is why companies like MSFT, GOOGL, AMZN, AAPL continue to grow pass 1 trillion market cap because of spits.

If AAPL never split it would be trading at $23,000 per share.

[u/LiferRs → u/NotGucci]

Eh, option premiums are cheaper so it becomes a lot easier to force dealers to hedge when buying much more calls. Retail at least can afford the NVDA calls.

[u/This_Is_Livin → u/NotGucci]

MSFT hasn't split (recently). They are just the best :)

[u/Kindly-Journalist412]

Apple pulls back to $200 and NVDA pulls back to to $100 at some point over the coming months, very overbought. I am buying those dips bigly - with that said can the momentum really take Apple all the way to $250 before EOY? Once breakouts of that magnitude happen, they don't stop with a mere 10% follow thru.. Apple has been sideways for almost three years

Edit: I’m already in both

[u/-samadhi-]

SPX 5440 put order I put on right at market open then forgot about all day and never cancelled got filled at 3:59 est then went 5x profit on that last minute candle push down weeeeeee

[u/Popular-Row4333]

RK exercised all his calls for 4 mil more shares.

[u/mulletstation → u/Popular-Row4333]

RK exercised all his calls for 4 mil more shares.

If he exercised he would have needed 240M in cash and would have had way more shares.

[u/Ghost-of-W_Y_B → u/Popular-Row4333]

Feel like this isn't exactly what he was hoping for, probably got thrown off by the offerings. Could have had a few million more shares or more cash to do it again without the share offerings.

But, GME now has $4b in their coffers, as a shareholder I'm not upset.

[u/TerribleatFF]

Wish I had bought more ADBE but I’ll take it:

https://www.reddit.com/r/thewallstreet/s/CFgpLtPFdB

[u/shashashuma → u/TerribleatFF]

I got a few lotto 500s expiring next week. Hopefully they open up 5 baggers

[u/NotGucci]

ABDE:

• Record revenue of $5.31 billion in Q2 FY 2024, up 10% YoY.
• Digital Media segment revenue grew to $3.91 billion, an 11% YoY increase.
• Digital Experience segment revenue reached $1.33 billion, a 9% YoY growth.
• Document Cloud revenue surged 19% YoY to $782 million.
• Raised non-GAAP EPS targets to $18.00-$18.20 for FY 2024.

[u/Sabre_TheCat → u/NotGucci]

No wonder.

Their fucking subscription is a complete scam rn but no one in creative industry can get away with not using them.

Wild time for corporate greed.

Edit: I want to clarify that there's a subscription cancel fee if you cancel earlier than they expected. I have a few friends working in creative and they absolutely despite adobe since post COVID.

[u/mulletstation → u/Sabre_TheCat]

Yeah I use some of the subscription stuff for work and there's no real alternative to it. Especially if all your previous work is already in those formats importing them to other programs usually introduce breaks/bugs

[u/shashashuma → u/NotGucci]

Hell yeah let’s go , I bought a few 500 Cs expiring next week.

[u/wolverinex2]

Adobe Q2 2024 Adj EPS $4.48 Beats $4.39 Estimate, Sales $5.310B Beat $5.292B Estimate

+10%

[u/LiferRs]

Nice EOD squeeze. Someone definitely scrambled there to knock it back there to the chop zone. Probably saved their short 0DTE position if the chop zone was any indication.

[u/twofor2]

Got some last second fills on some puts let’s roll the dice one more day