Stocks and Trading Thread - Channeling your inner Mono

[The Brain]

So are you guys gonna buy Spotify?

[Admiral Yi]

That competition has forced Spotify to spend heavily on music licensing, to maintain a deep catalog of music boasting 35 million tracks , as well as on marketing and R&D. The spending has resulted in hefty and growing losses. In 2017, Spotify said it had a net loss of €1.2 billion ($1.5 billion USD), compared to a net loss of €539 million the year before.

Maybe not.

[The Brain]

The Internet will make everyone rich. It's not just a fad.

[Admiral Yi]

Hey Abacus, got an options question for you.

I buy a call.  Stock price rises, I'm in the money.  I don't want the stock, so I sell the call to close out my position.

Does someone have to buy that call from me, or is it automatic?

[Habbaku]

If it's traded on the open market (I assume you have a broker? Or bought the option from an exchange?), then it's pretty much automatic, assuming I'm understanding your question correctly.

[Admiral Yi]

Second options trade today, this time covered calls on Square.

[Admiral Yi]

Second options trade today, this time covered calls on Square.

Price jumps 3 bucks today, call is way in the money, but counterparty doesn't call my shares.  Holding out for more upside? 

[Admiral Yi]

And now he's out of the money.  Suck on it, you greedhead.

Market not very happy today.

[Tamas]

In typical fashion, I had my tiny stock account in modest green until recently. Now the FTSE 100 ETF is quite set in the red, while the Bank of England decision has also switched my Lloyds to red.

This kinda' matters a bit because in a month or two I'll need to close the account because they'll start charging inactivity fees

[Ed Anger]

I dumped all stock in dollar store chains.

[Admiral Yi]

I dumped all stock in dollar store chains.

Do you mean you sold everything and put it all in stores for poors, or sold off everything you had in stores for poors?

Wish I could have gotten in on Dollar General.

[Ed Anger]

 

[Sophie Scholl]

I know the general agreement is that a President has little to no effect on what happens with the economy overall, but unilaterally passing potentially globally disastrous tariffs makes this an exception to the rule, no?  Am I "insanely naive" to think such a thing?

[Admiral Yi]

wut?

[jimmy olsen]

I know the general agreement is that a President has little to no effect on what happens with the economy overall, but unilaterally passing potentially globally disastrous tariffs makes this an exception to the rule, no?  Am I "insanely naive" to think such a thing?

You are correct