There is something fundamentally larger at play with the Bud Light controversy. The Mulvaney Disaster gave regular guys a very clear and easy way to vote their preferences on one of the most divisive issues in history. That's not hyperbole - the binary nature of humankind is under attack. Now, Joe Sixpack gets to cast his ballot. He doesn't give a rip about market cap or brand reputation. Budweiser's mistake was to give him a reason *not* to choose the brand, and the reason is as fundamental as gravity. He knows something foul is happening in the culture and this is Joe's chance to cast a vote. By aligning, however briefly, with the trans movement, Bud became the tip of the spear in the most polarizing social issue in history. Joe Sixpack is not voting "no" to Bud Light, he is voting "no" to transgender ideology.
Going to be placing limit orders to exit as soon as they're filled from now on. One drawback of that is I'll probably leave some profits on the table when there are sudden moves, as was the case with FFWM this week and probably BOH too.
David, when you make the trade alert, is it possible to also put your GTC order amount to help us get up to speed on doing the limit order? Though its really a GTC order not a limit?
It's a GTC limit order, and you can assume that my initial limit order will be for roughly a 100% gain, with the understanding I may adjust up or down in the future. Since this is dependent on my personal level of greed/fear, I don't think it would be appropriate for you to set your limit orders where I do in all cases.
PRIDEsteria: Bud Light Goes Trans Memes (Tranheuser-Butch!)
- The RNC is still serving it, a no nuts beer, trans spokesmen are catching on, new Bud product-ad ideas, the new Bud girl, a reminder about Coors and more Bud Light goes trans memes!
Is it possible to start getting a reminder to sell out WING before the close as you mention above? I wrote about it yesterday and you said you were waiting until today, and now we are down and while I know I can't time the peak every time, your guidance on things like this would be very helpful David...
What I've started doing, BIG, and I suggest others do the same, is to place a limit order to sell options positions at a profit as soon as you get them filled. I didn't do that with WING, but I did place a limit order to sell it last night, and it was filled this morning at $6.12, for a gain of 100%.
There is something fundamentally larger at play with the Bud Light controversy. The Mulvaney Disaster gave regular guys a very clear and easy way to vote their preferences on one of the most divisive issues in history. That's not hyperbole - the binary nature of humankind is under attack. Now, Joe Sixpack gets to cast his ballot. He doesn't give a rip about market cap or brand reputation. Budweiser's mistake was to give him a reason *not* to choose the brand, and the reason is as fundamental as gravity. He knows something foul is happening in the culture and this is Joe's chance to cast a vote. By aligning, however briefly, with the trans movement, Bud became the tip of the spear in the most polarizing social issue in history. Joe Sixpack is not voting "no" to Bud Light, he is voting "no" to transgender ideology.
Well said.
Have you considered a dashboard for your options trades? a google doc would be perfect
Going to be placing limit orders to exit as soon as they're filled from now on. One drawback of that is I'll probably leave some profits on the table when there are sudden moves, as was the case with FFWM this week and probably BOH too.
David, when you make the trade alert, is it possible to also put your GTC order amount to help us get up to speed on doing the limit order? Though its really a GTC order not a limit?
It's a GTC limit order, and you can assume that my initial limit order will be for roughly a 100% gain, with the understanding I may adjust up or down in the future. Since this is dependent on my personal level of greed/fear, I don't think it would be appropriate for you to set your limit orders where I do in all cases.
Yeah that would be awesome, a spreadsheet on where you placed your limits would be fantastic.
PRIDEsteria: Bud Light Goes Trans Memes (Tranheuser-Butch!)
- The RNC is still serving it, a no nuts beer, trans spokesmen are catching on, new Bud product-ad ideas, the new Bud girl, a reminder about Coors and more Bud Light goes trans memes!
https://covidsteria.substack.com/p/bud-light-goes-trans-memes-tranheuser-butch
Is it possible to start getting a reminder to sell out WING before the close as you mention above? I wrote about it yesterday and you said you were waiting until today, and now we are down and while I know I can't time the peak every time, your guidance on things like this would be very helpful David...
What I've started doing, BIG, and I suggest others do the same, is to place a limit order to sell options positions at a profit as soon as you get them filled. I didn't do that with WING, but I did place a limit order to sell it last night, and it was filled this morning at $6.12, for a gain of 100%.
Hi, I know you said that but I am not sure how to do that. Can you help us with how to do it?
Looks like I got out with a small profit. Learning to deal with the frustration of it not closing when things go south...