Tariffs Catch-All

  • Thread starter Thread starter BubbaOtis
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nrsair said:
I think I’ve posted this before on here, but my dad’s college roommate is an attorney and was across the table from Trump in a few real estate deals in the 90s. Before the 2016 election he made a Facebook post that went semi-viral saying that that Trump’s style was to start negotiations, yell a lot, then capitulate totally but still declare himself the winner. It’s been strange to watch that play out repeatedly. Also, didn’t stop my dad from becoming MAGA.
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That's a neat punchilne.
 
hedge said:
Best trading strategy (if you can call it a strategy) over the past several days would've been to buy far out of the money puts and calls at roughly the same price on the opening (or hell, just pick a time) and then immediately put in a sell order on each of them at 10x what you paid for them. One of them would've hit every day since last Wednesday (hell, some days probably both of them would've hit). I haven't looked yet but you'd probably be regretting putting in the sell order at 10x the purchase price on the calls today (imagine regretting a 1000% return in 4 hours), this kind of move probably yielded a 50x result, if not greater...
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I wish I had this kind of knowledge.
 
superrific said:
Bespoke trade deals? Who the fuck does he think he's fooling? Anyone who knows what a "bespoke trade deal" is supposed to mean knows already that trade deals are all bespoke, all the product of extensive and detailed negotiation, and all finely tuned.

This goading argument would in most years shockingly stupid but in 2025 it's just Wednesday.
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I was watching live as Bessent attempted to explain this shit earlier and I posted "Bessent looks like a fool." So yeah.
 
UNCatTech said:
I wish I had this kind of knowledge.
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You shouldn't. The vast majority of this type of "knowledge" is used for money-losing purposes by Dunning Kruger types. My dad has that kind of knowledge and has lost hundreds of thousands of dollars trying to play with options.

There's a reason why hedge is talking in the past tense. He would have made a lot of money. But that's an insanely risky strategy and it's really easy to lose everything.
 
Good lord. I lost $17k in minutes on my puts. Still turned $5k to $25.

I still think this is all really bad news for the US. He just pissed China off and they will not negotiate with us. Trade with China has effectively ended.

Plus we are firmly a kleptocracy now.
 
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Covering for the under trading by his family and team ahead of the next tweet?
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LOL, this is absolutely cherry-picking, but S&P 5300 calls expiring today actually traded a nickel just before the announcement of the tariff "pause" (1:11pm), at 1:43 they traded $143. That's a 28,000% return in 30 minutes.
 
hedge said:
This is actually pretty good advice. Staying the course in terms of one's portfolio has historically been the best move, but as you say, with this loon in charge, I don't think historical trends apply. It's going to be a bumpy ride the next few years...
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I'm still grossly underwater in my retirement accounts. 15 ft from the surface instead of 25 ft ain't helping much.
 
Sorry, that was the SPY calls that traded a nickel, the S&P's were 50 cents, the percentage gain was correct though (roughly the same percentage gain for the SPY calls as well)...
 
hedge said:
This is actually pretty good advice. Staying the course in terms of one's portfolio has historically been the best move, but as you say, with this loon in charge, I don't think historical trends apply. It's going to be a bumpy ride the next few years...
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Stay in retirement. Exit 529s.
 
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