What did you trade today and why?

[dickoncapecod]

The warring parties in the mid-east are now destroying energy infrastructure. You can blow stuff up in 10 seconds, but it takes months or years to replace it. I'd. GUESS WTI will trade well over $100 soon and stay there a while. This will cause a global economic slowdown and a few recessions here and there. Since raising rates cannot bring crude or pump prices down, Fed may be forced to cut rates to deal with a slowdown by mid-year. Or not....
Regards, Dick

 

[NW-Bound]

MU keeps gaining. Earnings after bell tomorrow. I've made a few 25% gains buying and selling the calls the last 2 weeks. I can't seem to catch up to it the last few days.
My hiking buddy bought over 14,000 shares of MUU the double long MU ETF back in late December. Those are already up 120% since then. I keep telling him to sell 1/3rd to 1/2. He doesn't listen to me.

MU reported very nice earnings, soundly beat estimates of both top and bottom lines. Still did not matter. MU is down -3.23% after hours. Having sold calls which were OTM but are now ITM after the recent surge just inside a week, I am sitting back to see if any lot will be assigned this Friday. If so, I will decide whether to sell puts to get it back, depending on the behavior of the broader market.

 

[dickoncapecod]

Since local gasoline typically costs front month RBOB futures plus90c to $1, my pump price should be over $4 within a week or so. We are usually middle of the pack for gas prices by state.
FWIW, Dick

 

[COcheesehead]

Premium at Sam’s yesterday, usually the cheapest in town, was $4.35

 

[drs]

Starting to buy back some of the PDI and PAXS I sold a while ago (half my holdings) - first units, going slowly if it doesn't double bottom here.

 

[FlyingCircus]

Sold all of PDO, down 1.5% today and blowing through Oct '25 bottom - 13% of port.
Sold SOXL for 6% profit in 3 days, not something to hold long.

 

[dickoncapecod]

Starting to buy back some of the PDI and PAXS I sold a while ago (half my holdings) - first units, going slowly if it doesn't double bottom here.

I've bought some small amounts with market orders---- maybe telling: I have not yet paid the offered side on any market order......hmm.
Regards, Dick

 

[RobLJ]

I took most of 2024-5 gains in international stock funds in late Feb/early March. But I may sell more; according to the Financial Times the energy cow patties are hitting the fan in Europe and Asia (I think my European fund is now down 6% YTD).
For what it's worth:

Part of a key paragraph from the article below:
" In many regions, demand isn’t being reduced by choice but by the physical absence of inputs. Asian and European steam crackers rely on naphtha and LPG from the Persian Gulf, and with those feedstocks constrained, shutdowns and curtailments are occurring immediately. Asia is the most exposed, sourcing more than 50% of its naphtha from the Middle East.Japan offers a clear example. With over half of its naphtha imported — roughly two-thirds from the Middle East — petrochemical producers are trimming output. . The government has temporarily designated naphtha an “economic security item” to manage dwindling stocks. The strain extends across Greater China and Southeast Asia.In China, Sinopec has cut March refinery runs by about 10% to conserve crude stocks. A Shell — CNOOC joint venture has shut its Huizhou ethylene cracker and told customers that polyethylene shipments are suspended indefinitely effective March 5...."

 

[Randy145]

Nasdaq down >8% since Oct highs. Beginning to nibble on QQQI in brokerage acct.

 

[Fishmasterdan]

Nasdaq down >8% since Oct highs. Beginning to nibble on QQQI in brokerage acct.

I am with you. Doing it with a little more risk. Every time TQQQ goes below my current cost basis I buy a little more. I have it down to 45.87 average right now. Keep buying a little at a time every time it goes below that. Some day I hope to see it go back up. Also writing CC on it for some income and CSP. Averaging about 1% per week right now. Every time a CSP gets called away I write another CSP and sell a CC on it. I might buy a put per 100 shares 10% out of the money for down side protection in case the bottom falls out.

 

[finnski1]

MU reported very nice earnings, soundly beat estimates of both top and bottom lines. Still did not matter. MU is down -3.23% after hours. Having sold calls which were OTM but are now ITM after the recent surge just inside a week, I am sitting back to see if any lot will be assigned this Friday. If so, I will decide whether to sell puts to get it back, depending on the behavior of the broader market.

Crushed earnings and expected to next quarter as well. Down 8% on the open. Now about 4 %. I flipped the double MU ETF (MUU) this morning purchasing right before market open and sold already. May sell some cc puts on it today and maybe get it back a little lower.

 

[Qs Laptop]

MU reported very nice earnings, soundly beat estimates of both top and bottom lines. Still did not matter. MU is down -3.23% after hours. Having sold calls which were OTM but are now ITM after the recent surge just inside a week, I am sitting back to see if any lot will be assigned this Friday. If so, I will decide whether to sell puts to get it back, depending on the behavior of the broader market.

I bought MU back in the summer of 2024 at $150-ish. Buy and hold.

Not only did MU crush the street's expectations but the forward guidance is fantastic as well. <Wall Street shrugs.>

I don't get it. They have one of the best quarterly reports and forward guidance in history, rivaling NVDA reports that kicked of the AI craze.

There are only 4 DRAM chip manufacturers (that I know of), Micron, Sandisk, Samsung, and SK Hynix. Of those four I believe only MU and SNDK are publicly traded in the USA. BTW, Sandisk is up 1,220% in the past year and 213% YTD. MU is up 334% in past year and 55.5% YTD.

 

[marget]

I've bought some small amounts with market orders---- maybe telling: I have not yet paid the offered side on any market order......hmm.
Regards, Dick

@dickoncapecod
What does it mean that you did not pay the offered side on any market order?
thanks

 

[finnski1]

I bought MU back in the summer of 2024 at $150-ish. Buy and hold.

Not only did MU crush the street's expectations but the forward guidance is fantastic as well. <Wall Street shrugs.>

I don't get it. They have one of the best quarterly reports and forward guidance in history, rivaling NVDA reports that kicked of the AI craze.

There are only 4 DRAM chip manufacturers (that I know of), Micron, Sandisk, Samsung, and SK Hynix. Of those four I believe only MU and SNDK are publicly traded in the USA. BTW, Sandisk is up 1,220% in the past year and 213% YTD. MU is up 334% in past year and 55.5% YTD.

Yeah. I don't get it either. I have managed a few small profitable trades around earnings and before last week. Guidance is fantastic as well.

 

[dickoncapecod]

@dickoncapecod
What does it mean that you did not pay the offered side on any market order?
thanks

There are sellers (probably executing with programs) anxious to diddle in the middle or actually sell at the bid price without visibly hitting it......heavyish market, plenty for sale below the offered side.
Regards, Dick

 

[drs]

I've bought some small amounts with market orders---- maybe telling: I have not yet paid the offered side on any market order......hmm.
Regards, Dick

I was given on the bid as well. Hmm. Its OK; if the liquidity gods prefer I buy in the 16's, I will oblige them. I do not question the liquidity gods. Seems it was prescient I sold 1/2 of it. Now, as usual, I wish I had sold more.

 

[YellowSubmarine]

+ NMCO continue to add to a huge position with all bond coupons and maturities. 7.5% tax free, safe harbor (thus far).

 

[Budswhizzer]

I added to my WDI position on the .30 dip.

 

[richardsok]

NMCO is only slightly hopeful near term, by my sight, but too early to buy, IMO. Worth watching for a confirmation (thanks).
Also a POSSIBLE oppty ahead on variable rates like FRA, XFLT, etc. But again, too early to buy.
As for WTI (yikes!).
Can't find anything to buy except for commodities & inverse hedges. Am struggling with my own biases and have even identified one that's plagued me for years: big missed distributions fret me enormously, but try to remain determined to avoid the accompanying dark side of those down-trending charts those funds sometimes show --- like NOW!
My CEF chart watch panels are ski-slope city. PDX is one happy anomaly. So is BGR, which I've added. Otherwise, mostly awash in MMs.

 

[COcheesehead]

Wouldn’t it be interesting if the war causes a slow down and they cut rates.

NMCO is only slightly hopeful near term, by my sight, but too early to buy, IMO. Worth watching for a confirmation (thanks).
Also a POSSIBLE oppty ahead on variable rates like FRA, XFLT, etc. But again, too early to buy.
As for WTI (yikes!).
Can't find anything to buy except for commodities & inverse hedges. Am struggling with my own biases and have even identified one that's plagued me for years: big missed distributions fret me enormously, but try to remain determined to avoid the accompanying dark side of those down-trending charts those funds sometimes show --- like NOW!
My CEF chart watch panels are ski-slope city. PDX is one happy anomaly. So is BGR, which I've added. Otherwise, mostly awash in MMs.

GOF is up too

 

[drs]

NMCO is only slightly hopeful near term, by my sight, but too early to buy, IMO. Worth watching for a confirmation (thanks).
Also a POSSIBLE oppty ahead on variable rates like FRA, XFLT, etc. But again, too early to buy.
As for WTI (yikes!).
Can't find anything to buy except for commodities & inverse hedges. Am struggling with my own biases and have even identified one that's plagued me for years: big missed distributions fret me enormously, but try to remain determined to avoid the accompanying dark side of those down-trending charts those funds sometimes show --- like NOW!
My CEF chart watch panels are ski-slope city. PDX is one happy anomaly. So is BGR, which I've added. Otherwise, mostly awash in MMs.

BGR has been pleasantly bid.

 

[COcheesehead]

I've been thinking about going there. Concerns: 2/3 of holdings unrated, 40some% leverage, volatility, declining macro environment. Are those things valid? Sure like the big, steady, federal-tax-free payouts, though .

I sold mine. The return on NAV in the last 12 months was negative. ROC was balancing out the distribution.

 

[rthiru]

Sold OXY to raise some cash. Added to SGENX. Limit orders in PDO, PFN, PAXS filled.

 

[YellowSubmarine]

I sold mine. The return on NAV in the last 12 months was negative. ROC was balancing out the distribution.

I remember you mentioned the negative return experienced with NMCO. I checked shares purchased, less DRIP, and found a 9- 11% return over 13.5 months when DRIP shares were considered as capital gains (and not raising my cost basis). Since my outright purchased shares were made throughout the year I had to prorate/estimate. Not sure if I am missing something but my big share purchases were made on significant down days. Buy range 9.92 - 10.88...most were 10.32 (less DRIP purchase price).

 

[COcheesehead]

I remember you mentioned the negative return experienced with NMCO. I checked shares purchased, less DRIP, and found a 9- 11% return over 13.5 months when DRIP shares were considered as capital gains (and not raising my cost basis). Since my outright purchased shares were made throughout the year I had to prorate/estimate. Not sure if I am missing something but my big share purchases were made on significant down days. Buy range 9.92 - 10.88...most were 10.32 (less DRIP purchase price).

You might be better at entry points then me, but the returns haven’t been great and it has a negative Sharpe, which I have never seen before,