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re: How can I take advantage of the drop tomorrow?

Posted on 6/24/16 at 9:02 am to
Posted by WiscyTiger
Bear Lake, WI
Member since Nov 2008
1415 posts
Posted on 6/24/16 at 9:02 am to
Options trading has crashed on my TD Ameritrade platfom
Posted by barry
Location, Location, Location
Member since Aug 2006
50346 posts
Posted on 6/24/16 at 9:05 am to
man this is pretty disappointing, not as much activity as some though. I think this will play out over the next week or so.
Posted by WiscyTiger
Bear Lake, WI
Member since Nov 2008
1415 posts
Posted on 6/24/16 at 9:09 am to
Yep, down about 370 pts right now. Was up 230 yesterday, so not much more than 100-200 pt dip for two days. I'm happy about this as my other stuff is down.

Would still be nice to sell some puts this morning though... I think it's going to come back up after the panic stops.
Posted by HYDRebs
Houston
Member since Sep 2014
1241 posts
Posted on 6/24/16 at 9:11 am to
I thought we would have more of a drop this morning as well. I think we will have more of a push down towards the beginning of next week when some of the analytics of come out with what kind of impact and EU breakup would have.
Posted by Oddibe
Close to some, further from others
Member since Sep 2015
6567 posts
Posted on 6/24/16 at 9:11 am to
I have never dealt in the currency markets, my question is this. How would someone financially "trade" if they thought the Euro would weaken over time and the Pound would strengthen?
Posted by TigerDeBaiter
Member since Dec 2010
10267 posts
Posted on 6/24/16 at 9:13 am to
Totally disappointed.

Should have known. We'll probably end green at this point.
Posted by barry
Location, Location, Location
Member since Aug 2006
50346 posts
Posted on 6/24/16 at 9:17 am to
quote:

ow would someone financially "trade" if they thought the Euro would weaken over time and the Pound would strengthen?


Currency futures.
Posted by Oddibe
Close to some, further from others
Member since Sep 2015
6567 posts
Posted on 6/24/16 at 9:31 am to
quote:

Currency futures
I was hoping for a little more detail.
Posted by barry
Location, Location, Location
Member since Aug 2006
50346 posts
Posted on 6/24/16 at 9:48 am to
quote:

I was hoping for a little more detail.



Its a little complicated to explain on TD

Read this LINK
Posted by Oddibe
Close to some, further from others
Member since Sep 2015
6567 posts
Posted on 6/24/16 at 9:55 am to
quote:

Its a little complicated to explain on TD
I called my boker
Posted by KillTheGophers
Member since Jan 2016
6218 posts
Posted on 6/24/16 at 11:01 am to
Not the bloodbath I need for some new positions.

I am down less than 1.7% total....none of my trades hit lows to be triggered.

Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 6/24/16 at 11:05 am to
quote:

I have never dealt in the currency markets, my question is this. How would someone financially "trade" if they thought the Euro would weaken over time and the Pound would strengthen?


you could just short FXE thats like shorting the euro
Posted by Omada
Member since Jun 2015
695 posts
Posted on 6/24/16 at 12:49 pm to
I couldn't log into the thinkorswim app for the first 30 minutes of trading. I feel your pain.

Barclays is going on my watch list. Anyone see anything else interesting?
Posted by Old Sarge
Dean of Admissions, LSU
Member since Jan 2012
55311 posts
Posted on 6/24/16 at 1:03 pm to
quote:

Barclays is going on my watch list. Anyone see anything else interesting


I went big on Barclays at a %22 discount. If it rebounds I'll be a very happy camper
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 6/24/16 at 1:03 pm to
quote:

The real money was made earlier today by the people who took a bet on "leave"
Specifically gold and silver...


This, but I would add, those of us who are prudent enough to insure drops like this with VIX calls.

The last several years have been pretty good in this regard, trading metals around overreactions, and collecting more in VIX claims than VIX premium paid.
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 6/24/16 at 1:31 pm to
apple is a dog with fleas at this point the chart looks horrible but vol expanded big time today so i sold some 2017 and 2018 $85 puts
Posted by GREENHEAD22
Member since Nov 2009
19607 posts
Posted on 6/24/16 at 1:53 pm to
Picked up some Barclays as well. Whiting Oil is tanking and has been the past week, anyone have any info on why? Thinking of adding to my position with it being down 13%.
Posted by TigerDeBaiter
Member since Dec 2010
10267 posts
Posted on 6/24/16 at 1:59 pm to
quote:

anyone have any info on why?


LINK
Posted by Max Guru
Member since Sep 2012
531 posts
Posted on 6/24/16 at 2:10 pm to
I bought S&P 500 today.

The fact the DOW futures were down about 530, and hasn't moved much since the opening bell this morning, tell me the most of the American money isn't really flinching over Brexit. I think the dollar and American stocks comes out the winner..
This post was edited on 6/24/16 at 2:11 pm
Posted by tke_swamprat
Houma, LA
Member since Aug 2004
9768 posts
Posted on 6/24/16 at 3:02 pm to
Any others you guys watching?
This post was edited on 6/24/16 at 3:05 pm
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