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u/shasta747 1d ago
I felt like an idiot closing my puts too early yesterday 
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u/option-trader 1d ago
Some of the stocks were so low that you had to close put positions. TSLA wasn't one of them. Same with NFLX. I took NFLX instead of TSLA and lucked out this morning on that dump. Sold NFLX puts expiring today, and now in TSLA puts for next week. Do I think tariffs between Trump and China is done here? Probably not. The guy does not like to lose, and would consider China's retaliatory tariffs to be losing. So, I expect something after market close today, or over the weekend. That doesn't even include Europe that could surprise the market over the weekend.
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u/shasta747 1d ago
Vietnam already played balls, not saying China will do the same but the narrative is changing to Donny's side, his tariff is just the mean for negotiation.
Of course if EU and China truly wants to f*ck uncle Sam, they just need to coordinate on selling all US bonds, and at that point it would be a black swan event kind of dump.
I'm done with this week, all cash and follow JPow's 'wait and see' principle
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u/Mojojojo3030 1d ago
Vietnam has nearly no tariffs on us already, mainly just things to protect their farmers, and composes like a percent or two of our imports. That is not especially meaningful.
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u/shasta747 1d ago edited 1d ago
I think the administration calculates tariff rate based on current trade deficit. Just looked it up, Vietnam's export/import with US is inline with 90% rate ($136B v.s $13B).
At 46%, it's roughly 10% of their current GDP, so it looks like they have no choice.
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u/Mojojojo3030 1d ago
Yes lol, also known as blatantly lying. Reality is Vietnam tariffs are like 1%.
Correct, hence between that and their current near 0 tariffs, not especially meaningful.
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u/SimkinCA 1d ago
Feel like an idiot closing my 4/25 position earlier this week.. But profit is profit, but gosh darn would a 10 banger, hell a 5 banger feel good!
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u/VisualMod GPT-REEEE 1d ago
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