Comments on: SPY, XLF, XLI, & AMC Analysis 6-9-21

By: becky

becky — Thu, 10 Jun 2021 14:35:14 +0000

Man, this is so frustrating we keep getting this SPY analysis and no commodity update. SPY is flat for the most of it or sideways.

By: nitins1921

nitins1921 — Thu, 10 Jun 2021 07:15:10 +0000

$IBM at multi-year resistance level. Perfect time to short.

By: Scott

Scott — Wed, 09 Jun 2021 23:43:12 +0000

In reply to dat10am. If a stock goes to zero, that would be the maximum gain if you're long puts. You would be short the (worthless) stock from the strike paid. If you're long calls, then your calls would be worthless. Opposite for each if you are short the options.

By: dat10am

dat10am — Wed, 09 Jun 2021 23:07:12 +0000

Speaking of AMC, what happens to options if a company goes under and the stock becomes worthless? I figure if you bought a call or put it would be worthless too, no? What happens if you had sold a call or put (would you have kept the credit received)?

By: Scott

Scott — Wed, 09 Jun 2021 22:29:44 +0000

In reply to dat10am. High inflation tomorrow = market down. Low inflation tomorrow = market rally. Yes, if inflation is really hot again, it would cause selling pressure. We would probably still need more catalysts to nudge us into correction mode. Many other things lurking under the surface that could push us into a correction. But if the inflation report is tame tomorrow, you better believe they will try to jack things higher.

By: dat10am

dat10am — Wed, 09 Jun 2021 22:10:30 +0000

CPI and Jobs report comes out Thursday so if they’re unfavorable then could also signal a correction before market opens.