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CoronitaParticipant[quote=sdrealtor]Who said anything about cash buyers? Just did a run through recent sales in MM in the 1.2 to 1.5 range. Pretty much all of em put down 20 to 30%. Why would they put down more? A quick cross reference with LinkedIn shows lots of techy couples at QCOM, Apple, Amazon etc. Figure it costs about $5K/month to borrow $1M which is not a stretch for folks with $20 to 35K monthly HH incomes. Well within ratios and most of these folks are pretty frugal otherwise. There are tons of folks like that[/quote]
Lol, I called it…
G….OOAL…….
CoronitaParticipant[quote=deadzone]
Okay we’ll see how many cash buyers are still out there later this year as interest rates keep ratcheting up.[/quote]
Huh? This makes no sense whatsoever…..
Higher loan rates, you would see more cash buyers. Lower loan rates, you would see more smart money that would want to put the least amount of money into their house because rates are so cheap.
With a 3% 30 year, why would you want to own outright, unless you simply had too much money than what you know to do with it?
What I’m more curious about is out of these $1million homes, how many of them are putting 20-25% down and what sort of demographics they are.
If I were to guess I would say the bulk of them are 20-25% or round up to a $1million loan @ around 3% …enginerds at a decent company, $20-25K monthly income, carrying a $5000/month mortgage… Easy peasy…
CoronitaParticipantSo it would be interesting to see for a list of closings in MM over $1mil what sort of loan these people are getting and the type of buyers…
CoronitaParticipantCoronitaParticipantG…OOAL….!!!!
Greatest Opportunity of a Lifetime.
Just like soccer!!!
CoronitaParticipant[quote=XBoxBoy][quote=sdrealtor]Virtually no one keeps a loan for 30 years and few are still in place 10 years later.[/quote]
I would bet that the percentage of people keeping their 30 year loans more than 10 years will increase in the coming decades. A lot of people with really low rates ain’t going no where, and probably won’t get a good opportunity to refinance. Just a hunch.[/quote]
I think with low 30 year interest rates locked in 3% and below, that’s below where people say a 4% decent investment is. So yes, I’d think some folks even will eventually be a landlord even if they wanted to move elsewhere. New buyers however, I can seem getting 10/1 arms.
CoronitaParticipant10/1 rates are low.
CoronitaParticipantAnd how would this help put more supply on the market if people are taxed high to sell early, lol.
CoronitaParticipant[quote=deadzone][quote=Coronita][quote=Coronita]
Show me one credible financial document from a reputable financial company that says “in the money option” includes strike price AND option premium paid…
[/quote]
Crickets chirping.[/quote]
Regardless of definition, I can literally purchase an option that is technically “in the money” so that doesn’t mean shit.
So everything in this thread I made up? So Amazon is not bringing back workers 3 days a week? I just made that up? So interest rates are not going up? Just made that up too? What about tech stocks dumping in 2022, made that up too?[/quote]
So then you admit, you don’t know what you are talking about when it comes to option trading and that your terminology is so far removed from what the industry standard definition is and what people mean by those words….
Just curious , how many option trades have you done?
How many option contracts have you bought?
How many option contracts have you written, like covered calls?
How many straddles?CoronitaParticipantAn, in my humble opinion you should take your Netflix call options sell half of it and take the proceeds from that half and put it into a leap year call option for peloton. Yes, peloton is a crappy company but it would be really funny if some large fang company bought them like Amazon at some ridiculous valuation one step below speculative grade lotto ticket . If it doesn’t happen and your options expire worthless you’re still better off than you were before buying the Netflix call options.
But if it did happen you can laugh your ass off about how nonsensical it isCoronitaParticipant[quote=deadzone][quote=an][quote=deadzone][quote=Coronita]
He bought a contract at $360. Stock $384/share now. Definitely in the money. If he sold at any point these past couple of days , he wins …Case closed. His speculation is no different than your short positions that are speculation and not investing, except his speculation seemed to have worked out.
I don’t understand why you try to spin how wrong you are and how his trade is no value. Seems to me he made money.[/quote]
STFU FLU you don’t know shit about options trading. If I bought a Netflix Call right now for $200 with strike price of $300 I would immediately be “in the money” according to you”. But I paid a major premium so hat doesn’t mean anything. Yes it went up in value in the last 3 days, if he sold it.[/quote]
https://www.thestreet.com/dictionary/i/in-the-money
https://www.adigitalblogger.com/option-strategy/spot-price-and-strike-price/%5B/quote%5DWhat did you pay for the option?
Also, options prices on 2024 leaps are pretty loose as there is not a lot of activity. You can’t “brag” about 30% gain unless you actually sell. Let us know when you do this and you can post it.[/quote]Dude, dz, I’ve traded options since I was 21…. You are just making shit up….
Just about every financial source who talks about “in the money option” means what I said, not your “alternative facts” definition of in the money option .
https://www.bankrate.com/investing/what-…
https://www.investopedia.com/ask/answers…
And just about every other writen definition of this.
Show me one credible financial document from a reputable financial company that says “in the money option” includes strike price AND option premium paid…
Again, you’re just making shit up. Just like everywhere else in this thread.
You mad bro? Understandable, if you are on the wrong side of speculation=gambling trade
I don’t short and don’t trade options anymore because I figured out I’m better of sticking to things I’m comfortable and familiar with.
Just stick with baseball cards and you too will be fine
CoronitaParticipantSpeculation = gambling. Nothing wrong with it. Shorting is speculation. So is option trading….
A win is a win.
CoronitaParticipant[quote=deadzone][quote=an][quote=Coronita]Netflix is up again. Your call options totally killing it.. good job. Nice speculation.
Pretty surprised at how the market is moving after the interest rate announcement and why I won’t bet against the markets and just do mostly DRIP into indexes.
The markets can stay irrational longer than one can stay solvent[/quote]
Up 32% so far. Not bad for a few days. Now my call is deep in the money.[/quote]It is up in value, no where near in the money. In the money it would have to be higher than strike price plus the price you paid for it.
But that said, are you going to sell and take your profit, or keep for the long term as was your original plan? How much do you believe in the future of Nflix and tech stocks at this point forward?[/quote]
Uh. Yout definition of “in the money” option is definitely NOT the common definition, it’s something you made up to spin how wrong you are.
“In the money” call option means when the contract price is below the market price, and does NOT include the option premium. Your definition in the money call option of including both the strike price and the option premium paid is something you made up…
No one makes money in stock or options until one sells and completes the transaction, so we wait for AN to sell and hopefully make significant gain.
He bought a contract at $360. Stock $384/share now. Definitely in the money. If he sold at any point these past couple of days , he wins …Case closed. His speculation is no different than your short positions that are speculation and not investing, except his speculation seemed to have worked out.
I don’t understand why you try to spin how wrong you are and how his trade is no value. Seems to me he made money.
CoronitaParticipantNetflix is up again. Your call options totally killing it.. good job. Nice speculation.
Pretty surprised at how the market is moving after the interest rate announcement and why I won’t bet against the markets and just do mostly DRIP into indexes.
The markets can stay irrational longer than one can stay solvent
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