Mattatut

I can understand. I ran the big hospital in Port Arthur for years, lived in Beaumont, but got tired of the crime...my wide almost got car jacked in the Target parking lot with my kids in the back seat. I said F this! I’m out. I was offered one of the hospitals in downtown Houston, St. Joseph’s, you may know it...and turned it down. Didn’t want 2 hours in the car every day. Houston is just growing so fast....it’s incredible.

Also, I’m going to purchase the bundle and trade across all the services except futures.

Hey guys, as I’m about to jump back into the SO game since I decided to take a year off from work and now have the time, I just wanted ask an opinion. I’ve looked at various option trading platform rankings and rarely see Fidelity mentioned. I used Fidelity before and I do like the platform. Especially because I can use them for my comprehensive banking needs (credit card, retirement account management that I rolled over, banking, research). I know their commission structure is a little higher than some that give volume discounts, but I’m curious what the other drawbacks are to using Fidelity for the bundle service. Appreciate any responses. Thanks. Matt

What part of Houston? I used to live in Beaumont.

TBH...that’s why I was asking about the amounts you can put into Anchor. It seems almost too good to be true...but obviously it isn’t. Perhaps I put most of my allocation into that strategy? First I have to unwind from JP Morgan....which is a royal pain in the ass and going to create some tax consequences....

Thanks Ringandpinion....I’ve really wanted to learn more both times I had the service, I just didn’t have the time to. I’ve been a hospital CEO for 15 years and the job requires very, very long hours. However, in December I decided I wasn’t happy where I was and I had a family member who had the coronavirus bad and was really sick, so I resigned from my job. It may take 2 months to land another job or it may take a year. I’m sitting on over a million that isn’t in my retirement account and wanted to do something other than what I’m currently doing. I just, like you, feel that everything is really effed up and can’t believe valuations are where they are. Even though I am a huge Fidelity hack I did move a chunk to JP Morgan last year and all they do is put it into their different funds. I’m in the balanced, international, tech, innovators and healthcare. But it’s amazing how they all seem to get beat up when tech does...it’s weird. I told my advisor I thought it wasn’t balanced enough and he’s just looking at the last 12 years and thinking it’s going to keep doing the same. I personally think we are pretty well screwed. Debt, inflation, socialist desires by our society to give, give give...all while we have the market at all time highs. How the heck can it keep going up?? So I’m going to leave JP Morgan, and move EVERYTHING back to Fidelity because I love their overall services. These services here are doing much better than I am, so I’m like why am I giving JP Morgan 1% when I can be here and make more.... Sorry, long winded, but that’s my story. And as for prepper...I hear ya, you should see my basement! Lol!

I have been a member twice for steady options and couldn’t make it work because of my schedule and never being able to get the same fills. Question is, are the other products difficult to get the same fills as you all get? I’m thinking of doing the bundle, but don’t want to spend the money if I can’t get the fills. I’m especially interested in Anchor Trades. Also, I use Fidelity and I’m not switching as its just too much hassle and too many things tied together to go elsewhere. People in the past said that was my challenge in getting fills. One last question, could you use Anchor for larger sums such as $500K? What about the others...besides steady futures...I have no interest there. Could you do $200k in each, besides SO as I know the fills would get much tougher if trading that many contracts. I’d like to stick a chunk of my portfolio into this and see what I can do with it instead of being at the whims of the overall market considering all the BS going on in the US right now. Thanks all.

I had a feeling from the beginning of February that the market is severely underestimating the potential impact of the virus. I have the same feeling now. With all the bad news coming almost every day, I think we can see at least 5-10% correction from the current levels, potentially more. In my personal opinion, this rally is built on hope. I'm not sure why the market doesn't realize it, but re opening will cause a big second wave. Which will force the governments to implement lockdowns once again. Whole industries will be devastated: tourism, restaurants, taxis, etc. Commercial real estate will collapse. Healthcare industry will suffer tremendous losses. These industries employ massive numbers of people. Increased diplomatic and economic tensions between the US and China will also have a big negative impact. Latest comments from Buffet and Munger also show that they are bearish short term. In my opinion, it will get much worse before it gets better. Please note that I DO NOT make trading or investment decisions based on my opinions, and I encourage everyone to do the same. I would like to position our SO portfolio in a way that we can benefit from the next leg down, but at the same time not to lose if I'm wrong. Our straddles and hedged straddles will benefit greatly if the next leg down comes, but at the same time they can make small gains even during consolidation phase or rallies. I’m not sure a 5-10% correction is enough. I still think we could retest the March lows.

Who cares FFS? You know so little about this, that I don’t even want to respond to your messages anymore, but had to for this one. What this guy did doesn’t change what’s actually happening.

Perhaps because Belarus is a tiny country that’s also one of the least densely populated countries in the world.....

Sweden is so densely populated, and like others said, not a major travel hub like the US. I also see that they have a very high mortality rate. One thing to remember is that I personally think our death numbers will go up as people who are on vents will finally succumb. However, the mortality rate will actually drop as you see more widespread testing and see how many asymptomatic patients there are in the communities. We need better tracking to see who these people are and who they come in contact with and also to put them in quarantine. Our state has been hit much less than others because our governor was smart and started lockdowns relatively early. However, we have 50% of our ventilators utilized right now with Covid patients. Imagine it we started opening things up and grandma and grandpa got exposed? They are the ones who are most susceptible. And one more interesting fact, we started doing pre admission testing for elective surgeries this week. By close of business yesterday, we had 2 patients already who has tested positive but were completely asymptomatic. Who have then been in contact with? Grandma and grandpa don’t need this. One last thing to mention...you have to continue to eliminate visitors in nursing homes. They are a major breeding ground and all it takes is one to get it and you could have 60, 70 or more easily. And these are the ones who die without much chance of success.

This question was asked of me and I’ll answer.... Would be very interested to hear your opinion. Specifically, how would you handle it? If re opening now is not the solution, then what? One of the opinions that I heard (from several sources) is that the final outcome is known: 50-70% of the population will be infected anyway. They just don't want everyone to be infected at the same time not to overwhelm the healthcare system. So there will be several re openings and re closing spread over many months in order to spread the number of cases over longer period of time. Here is my opinion, do phased reopenings. Continue to deny high population events, such as concerts, sports, church, etc. Continue to allow many who can, to work from home. You must do strict adherence to social distancing until we have slowed this to a crawl. Meaning restaurants, while I’d prefer to see stay curbside pickup, if they open, distance tables and all staff should wear masks and be tested daily when they come to work through a screening. Meaning temp, and questions about loss of sense/smell, travel, contact with any positive patient, etc. (The issue with that is will people be honest?) Most importantly, RAMP UP TESTING. We have to know who has this and test frequently. Labcorp, Qwest, and most state labs are running well behind because, guess what, the swabs that are used to do the nasopharyngeal testing are made in....yep, Italy! Expand the antibody testing ASAP. One bad thing about that is that people can become positive again, which we still don’t understand. Retrovirals may play a large part in getting us over the hump, Remdesivir may be a game changer based on the research I have seen and from talking to other doctors. Hydroxycloroquine is a major no go. Causes too many arrhythmias at the levels you need for it to be successful. Folks, this may last for years! We talk about a vaccine...well, there are seven coronavirus types, the standard 4 you see on a respiratory panel, which are all common colds, MERS, SARS and now Covid 19. Guess how many vaccines were produced for the first 6? ZERO. We may be able to come up with something resembling the flu vaccine, but depending on whether Covid 19 mutates like the flu, that would be hit and miss. We are going to have a changed world for the next few years in my opinion. Good luck to all and please stay safe!

Pinto, it’s not a bunch of BS. Had we not gone into lockdown here in the US, we’d be absolutely screwed right now. Everyone would be like NY. And to open things back up, and I don’t know how we don’t, as our economy will be crippled for years as it is to pay off this debt, is going to cause a second wave. I have been a hospital CEO for 15 years and we are dealing with Covid 19 patients aplenty. Yet we still can’t get our NORMAL supply of gowns, gloves, masks, etc. We are running with about a 20 day supply and if we have another major surge, we will be in about the worst position I could imagine for our hospital. We do have about 15 hospitals within an hour of us, so it’s spread out some, but we are the second largest and with our resources, we’ll get hit hard. I urge everyone to take this 100% serious and not to think it’s just overblown by the news. And as for the “herd immunity” in Sweden? Their situation isn’t even remotely close to ours and had we attempted this, our death count right now would be in the hundreds of thousands with many hospitals collapsing.

I understand what you’re saying....but if I’m in meetings about work, I can’t check my emails on my iPhone every 30 minutes or sometimes for hours as the meetings take precedent. If I had a text I could leave the room for any number of reasons for just long enough to make the trade and then hop back. My job running a healthcare system literally gives me 30 minutes a day where I don’t have meetings. That means I do all my emails during that time and at night. This has actually caused me to miss a ton of trades, because I just don’t know about them and a lot of times the price is much different by the time I see it, especially with this increased volatility. If the software doesn’t handle it, I get it. But that would be a very, very nice benefit IMO.

With the market being so volatile I’ve missed many trades because I may have 3-4 straight hours of meetings and can’t check email or even if I do, I don’t have time to input the order into my phone. What about a text system that would allow you to send the notifications out to the members via text? Lots of websites who do similar things have this kind of service. Just a thought as I’ve missed a lot of trades because with the volatility sometimes the price in is way different only hours after you’ve entered it.

Anyone using Fidelity? What are your thoughts if you are?