NFA, but annecdotal for anyone reading this :
I had never heard of on! prior to this post, but I also stopped using tobacco products roughly a decade ago and dont pay attention to what's behind the convenience store registers anymore. Immediately after reading this, however, I stopped off at 7-11 for a couple of items and took a gander at the back wall. What I saw gave me a jolt.
***For contrast, half of the wall is traditional smoking products, cigarettes, cigarillos, etc, but of the other half, which has dip, pouches, and disposable vapes, 2/3 of it were various on! products.***
As a reference, I live in VA about 10mi from Altria HQ on I95, the heart of tobacco country. The fact that they have gained that much presence that quickly when literally EVERY tobacco company is vying for space says a lot in my opinion.
Furthermore, the last time I *do* remember glancing back there, there were *maybe* 3-4 rows of smokeless options, 1 row for the disposable vapes (Blū, NJOY, etc), 1 rows shared by Snus, Zyn, etc, and 2 rows of various dips (Copenhagen, Skoal etc)
The only thing to know about a meme stonk is that it can and will do the most illogical thing possible, no matter how shit the company is, so long as the hype train doesn't completely grind to a halt.
And you making a post about it keeps that hype train relevant. The fact that you and others are here discussing it is all it takes to still be relevant enough. It will remain illogical longer than you can remain solvent.
I stay right the fuck away from it even though I know it's absolute dogshit. Fraud is legal right now and I'm not in the signal chat.
And the fact that Ford lost money on the ev division every year since they started it. The math don’t really math yet for most manufacturers. The newer sodium battery technology might change that with longer lifecycles and greatly reduced cost.
Adding my anecdotal information to this:
I've gone through four 2nd gen Priuses. Still have 3, one was wiped out by a drunk driver. (I walked away with no injuries.)
One at ~175k, one at ~220k, and one at 320k miles. 100k of that 320k has been purely beating on it doing food delivery.
These were all heavily used <$5,000 cars. All still averaging ~45mpg today, with the worst being in the upper 30's in 0 degree weather like this, with lots of idle time and the heat maxed out, and the best still landing in the upper 50's in the summer, driving with a heavy foot trying to make money.
All still on the original drive train and hybrid batteries. All still in "good" health according to the Dr. Prius app, and look good using Torque to monitor the voltage deltas across the battery packs.
They need oil changes and fluids of course, brake pads like once every ~150k miles, wheel bearings similarly around like every 100k miles, and I've gone through some tie rods. A lot of work is surprisingly easy to DIY. Even replacing the capacitor on the combo meter (speedometer) in one -- a failure point on this car worth ~$1,000 to fix at a shop -- was relatively simple to do and I did it in a weekend as a leisurely shade tree mechanic with basic tools.
They're not literally flawless, but they're incredibly solid and have saved me a ton of money not just in gas and maintenance, but in repairs and the time spent on them. The fact that they just fire up and go, every day, and do what I expect them to do. I've known people who have had to resort to living in these, and the extra capacity for heat/AC, or just electricity overnight for example was a total game changer and potential life saver. It is effectively a generator on wheels. I'll be sticking to gen 2 Priuses until I literally cant anymore, and I don't foresee owning another ICE vehicle again.
>Weekend theta is priced in to weekday option prices.
It’s only priced in for retail traders who can’t trade in the weekend. Institutions can.
>And options are still an efficient trading vehicle.
Kinda but basically yes. I’m not denying this except that institutional traders CAN trade when retail can’t which affects all the Greeks.
>With no discretion, option buyers and sellers net out at $0 profit with no discretion over a long enough period of time.
Yeah, duh. At least 80% of options expire worthless. What’s your point? It’s still a major hedge for the insanely rich whereas it isn’t for retail.
>There is no edge to option selling vs buying.
There is if:
1. You’re writing those contracts
Or
2. You’re selling vs buying
Both happen with extreme or at least very comfortable wealth.
>This can only be true if theta does not crush over the weekend.
Theta *always* crushes when retail can’t trade. It’s literally the definition of theta crush. Not the same for the ultra wealthy. They can trade when the market is closed. If not options but shares which can easily turn into options. Retail can’t do this. See point #1.
If you can afford to buy 50,000 shares of $MSFT on a Saturday afternoon when the market is closed to retail, then sell 500 ccs on Monday morning, that’s a distinct advantage that the ultra wealthy have that no retail retard will ever have. Fact.
>Which it doesnt. Sometimes it may feel like it does, but it’s just vega or delta moving against you.
Good point, for sure, but it still doesn’t explain why institutional trades can buy/sell when retail can’t.
That needs to change. I’m not sure why you think 24/7 doesn’t level the playing field for retail when institutional traders *already* can trade 24/7 and we can’t. It’s objectively unfair. Is it not?
I used to think so, now I think he is antiautistic. Concepts like fact, truth, and right are as visible to him as social queues are to your average autist. It’s not even that he doesn’t care, he literally doesn’t see it
>Time decay will always be a factor in any contract with a time limit.
Yes, but the fact that weekends are closed to retail and not to institutional investors proves why I’m right in calling for a 24/7 market.
>You don’t see the wealthy buying
options.
Really? You obviously don’t know any wealthy investors lol.
>Instead they sell options to people like you. Just like how governments sell lotto tickets to the poor.
Nah. Plenty of wealthy people understand how the market only goes up and to the right. Why do you think politicians like Pelosy bought like millions worth of $NVDA deep asf ITM calls earlier this year? Why?
I know Prof G is deep is balls deep in $AMZN because he won’t ever shut tf about it lol. Do you honestly think he only owns shares, not calls too?
I like how you write all this shit but just ignore that fact they the people running the country have lost the plot. Also why do people keep saying rate cuts are good for stocks. Rate cuts almost always lead to a Recession
Theta wouldn’t be a problem if retail could trade 24/7 like institutional investors do.
Open 24/7 to retail, like what is available to institutional investors, and we’ll see what happens. My guess is it would be cut in half, at worst, and provide a more level playing field.
The only people pushing back on 24/7 for retail are rich assholes because they know for a fact that’s their biggest advantage.
24/7 liquidity not existing is a myth in today’s digital age. They know this.