Hi everyone!
For example, why does IUSA appreciate more than IUSE when USDEUR rises?
Here's an image below to support any discussion. USDEUR rose post 2014, widening the gap between IUSE and IUSA.
https://preview.redd.it/mf7mwv1d5p481.png?width=895&format=png&auto=webp&s=9e3c35bc8628254061bb0ee5ab3eea215e410f77
Hi All,
Just wanted to get some advice on investing on the canadian versions of QQQ. Usually, I like set and forget ETF's and have been contributing money to VFV. I found this the least hassle - Could just use CAD and purchase. instead of dealing with WealthSimple high conversion charges / dealing with Questrade USD account.
I want to invest in QQQ as well. I noticed there is a QQC version on the TSX. Is it safe to just go ahead and invest in this - in a somewhat similar set it and forget it manner? Or should I be looking at XQQ and ZQQ. Or if there's something entirely different I should be doing - please let me know.
These are long-term plays. I don't plan to touch this money for the next 20 years minimum if not more (I'm only 24).
YTD: 26.67% for SPY 25.10% BPI USD US Feeder 30.93% BPI PESO US Feeder
*Yahoo Finance, UITF.com.ph
Instead of TDA, IBKR, mas ok kung mag BPI na lang?
I'm sure you've all seen some of this in various threads over the last few days so here is what I see as the complete short term case for UWMC in one place. Disclaimer: I am not a financial advisor this is not advice don't listen to me etc.
Before the content let me say I'm not going to talk about the fundamentals of this company today (they're great), the value even with no short-term price movement, a super good dividend, the wild housing market, the great strategic decisions the company has made, or anything other than strictly the stock. I like the company, but I love the stock.
- Low float, low volume
UWM has 1.6 billion total shares, but 1.5 billion of them are owned by the CEO and not traded. The Class A shares outstanding are 103million, with ~13million owned by insiders. That's a 90 million public float, with another 25.5million in institutional ownership. Institutions can sell, of course, but a lot of this ownership is large conservative firms that aren't day trading this stock. (Pension funds, Vanguard, etc.). I would estimate the actual "active" float at less than 70 million.
Average daily volume is very low - volume Friday was 4 million, and there have been recent days with volume south of 2 million. The last time volume was more than 20 million was the first week of March, and look what happened to the stock. (Spoiler: it ran up to 12.50) If this stock gets real sustained volume, it can and will fly.
- Short interest, high short volume
In the post-GME world we just aren't going to see short interests over 100% anymore - the highest on the market right now is 40-50% in Pubmatic and Root. But the shorts aren't gone, they're just more sneaky. The official Short interest over the last two months has been in the moderate zone, a bit below 20% of the active float.
Short interest through May 15 won't be available until the 25th, but short volume has spiked since RKT's disappointing earnings took the stock down to ATLs. In fact over 50% of the volume on 6 of the last 7 trading days was short sales. ([
... keep reading on reddit ➡
Or "Rogue Traders + How Past Weapons of Mass Destruction Might Be Relevant to GME’s Story Now"
https://preview.redd.it/9nz0z8l65jl71.png?width=686&format=png&auto=webp&s=f09b987db3255d984f98701f3bf01fe0e13d42dd
So why a Pt. 2 you might ask, as Pt. 1 was about as exciting as watching paint dry.
Well, Pt. 1 was about the use of swaps which was barely featured in rogue trading strategies of the 4 traders I viewed. No Iksil shows up here for Pt. 2, because it’s not worth talking about a strategy he never used (at least that I was able to find in my research).But for the others, here’s a hint to what days of future past and their rogue traders meant, namely Margot Robbie's wardrobe choices:
https://preview.redd.it/h65z56g75jl71.png?width=685&format=png&auto=webp&s=72d6324c73e6690c6286b93fc02d2c5649a190b3
TL;DR: Famous/infamous rogue traders Kweku Adoboli (UBS) & Jerome Kerviel (Societe Generale) had some form of naked/unhedged strategy as part of their massive rogue trading losses. This matters most, esp in case of Adoboli, Kerviel, who are often seen as “patsys” for their crimes. This may imply 2 big bank/market corrections (like we see with GME) due to naked/unhedged strategies have already happened in the past.
0. Preface
In Pt. 1, I did kind of mislead about Patricio Morel’s definition in the last post, because this is the entire definition:
>“[Rogue] Trading activity that undertakes speculative and unprotected one-way trading positions (naked trading – without or with inadequate hedging positions), with the aim of creating large profits once the market moves in favor of the position. Typically, fraudulent activity is undertaken to hide the one-way nature of the trade by manipulating internal controls and systems. The frequency of this fraudulent activity increases when the markets move in an unfavorable way to the position, in an attempt to [cover] actual P&L losses, until a time when the market moves too far in an unfavorable way, thus exposing the position.”
Now let’s see if Morel was right and that I’m not just putting words in their mouth.
1. Adoboli: Prologue
Note: This will largely summarize 4-5 posts on UBS history of naked shorting and the Adoboli saga. You can skip if you’d like! ONCE AGAIN SKIP THIS IF YOU WANT AND GO TO 1A
For the full Adoboli saga I might link it below, but as far as a short summary of the UBS/Adoboli saga, let’s do a speed run of Adoboli’s history in
... keep reading on reddit ➡You can visually see the information on datamish.com
I've never seen this many unhedged shorts continuing to pile up even as the price increases. And everytime this much shorting happens the price moves insanely fast once they start getting liquidated to either direction. We're talking the movement of possibly more than 22k bitcoin in a short period of time ($880million at 40k per coin).
I think before the end of this month we could see a massive short squeeze if the buying pressure continues. Taproot just got locked in, and multiple countries are looking at adopting it as one of their reserve assets.
But then again if we get some massive FUD and dip low because someone knows something we don't, that could take us down to the mid or low 20's quite possibly.
Buckle up people and make sure you bring goggles!
Noticed quite a few people are clamoring about the unhedged shorts from the big bad hedge funds crashing down bitcoin. I am not an expert but looking at their proof makes me scratch my head. They look at the short positions on: https://datamish.com/btcusd/90d
They are all looking at the red increase of shorts... yet ignore the massive long positions on bitcoin. But I guess this is good for bitcoin!
https://preview.redd.it/lmhds2w105471.png?width=1152&format=png&auto=webp&s=7fea1279b2118fa2dc8885f0f7eaf1ccc64f1327
I'm looking for a highly diversified low-cost global ETF without FX hedging. Willing to consider funds with and without US exposure. I'm having trouble finding a list of good options. If any of you have some recommendations, I would be very grateful. Thanks!
https://markets.businessinsider.com/news/stocks/mudrick-capital-lost-10-percent-amc-stock-spike-options-wsj-2021-6-1030516964
Hello all
I'm betting on a slowdown in China which will negatively impact our exchange rate.
I'm looking for an international ETF that is unhedged with a predominantly US holding
Was hoping for some suggestions
Thanks
Just started investing in ETFs
Should I be doing hedged to AUD?
Sorry if this is a basic question.
I'm currently buying shares of VTS if this makes any difference.
Anyone see this and have any thoughts to share? https://unhedged.com.au/specialoffer/?rdt_cid=3497195268718082122&utm_campaign=https%3A%2F%2Funhedged.com.au%2F%3Futm_source%3Dreddit&utm_campaign=cpcprelaunch&utm_content=NL50&utm_medium=redditcpc&utm_medium=cpc&utm_source=reddit
Help me reason here... the CAD is extremely strong currently. Does that make it better to buy hedged or unhedged?
I picked up 15 contracts for 10 cents on a company called Birchcliff Energy (BIR) in CAD with a strike of 2.5 and an April expiration. With a 500m market cap and 500m revenue combined with a major improvement in commodity prices, a 6 dollar share price by the start of April is less than 1/3 of the all time high and a conservative 4.5 exit price will return around 20-30k from 150 initial investment. Even my worst case scenario estimate of 3.5 provides a 10k profit depending on IV. With very low temperatures and rising US exports, this company that primarily exports NG and light crude to the gulf to be exported has the advantage of the FX spread and the price to book is less than 0.5. Any thoughts?
I'm not trying to spread FUD, though I guess this certainly counts as 'uncertainty' for me personally.
I don't understand what happens if things get crazy and suddenly far OTM calls are now deep ITM, then some Apes and/or rando options degens exercise rather than sell the contracts back. I get that for a normal stock, this is when you'd probably see a Gamma Squeeze, but what if the options makers can't find any shares to buy within an order of magnitude of the strike and just pull a Pouty Pingu and say 'well, now I'm not gonna!'
Like, what happens to an options maker who just refuses to do their job to deliver if they can't afford to buy the unhedged shares?
Obsedian energy has a potential x3 return in current market condition. Why? Because unlike other companies who bought contracts and options to sell a part of it's production at low oil prices. OBE didn't this every increase of oil prices go directly to cashflow and into repaying debt. Good and experienced management team and restarting drilling ahead of schedule.
If they hedge their production at 70$ it completely shifts cash flow predictions for the year and debt repayment. If not with inflation going up commodities always do well and oil is the best reopening play.
Any thoughts ?
$50 hedge.
Author: u/dadozer(Karma: 74206, Created: Feb-2010).
I'm sure you've all seen some of this in various threads over the last few days so here is what I see as the complete short term case for UWMC in one place. Disclaimer: I am not a financial advisor this is not advice don't listen to me etc.
Before the content let me say I'm not going to talk about the fundamentals of this company today (they're great), the value even with no short-term price movement, a super good dividend, the wild housing market, the great strategic decisions the company has made, or anything other than strictly the stock. I like the company, but I love the stock.
- Low float, low volume
UWM has 1.6 billion total shares, but 1.5 billion of them are owned by the CEO and not traded. The Class A shares outstanding are 103million, with ~13million owned by insiders. That's a 90 million public float, with another 25.5million in institutional ownership. Institutions can sell, of course, but a lot of this ownership is large conservative firms that aren't day trading this stock. (Pension funds, Vanguard, etc.). I would estimate the actual "active" float at less than 70 million.
Average daily volume is very low - volume Friday was 4 million, and there have been recent days with volume south of 2 million. The last time volume was more than 20 million was the first week of March, and look what happened to the stock. (Spoiler: it ran up to 12.50) If this stock gets real sustained volume, it can and will fly.
- Short interest, high short volume
In the post-GME world we just aren't going to see short interests over 100% anymore - the highest on the market right now is 40-50% in Pubmatic and Root. But the shorts aren't gone, they're just more sneaky. The official Short interest over the last two months has been in the moderate zone, a bit b
... keep reading on reddit ➡