First off, if you're in the path of the hurricane. GTFO ASAP.
Just get out! Stay safe. Your life is more important than any material possession. God protect you all.
2nd off.
Two major hurricanes hitting roughly the same area just weeks apart is going to multiply the devastation. It's highly probable that many counties in Florida will be completely uninsurable following this. This will create many insurance losers and other winners.
3rd off
This will have ramifications across the market.
Energy prices will shoot up and stay higher for longer. Oil prices are already up significantly since the Iran missile attack and hurricane Helene just in the last couple of weeks.
Expect energy prices to stay higher for longer.
Hurricane Helene is estimated to have caused so far 50 billion dollars in damages. These losses are expected to be compounded by Milton. Which is already stronger and larger and is strengthening even more as it approaches Florida.
4th TLDR
How the F do I as a regard trade this?
$GNRC Generac for generators.
$URI United Rentals, folks are going to need to rent all sorts of things. From pumps, generators and equipment.
$HUBB Hubbell for electrical infrastructure that will need to be rebuilt across Florida and other states.
$XLE & $XOP oil & gas ETFs due to the sudden drop in supply that these hurricanes have caused, leading energy prices to rise.
Karma is real. This is not intended for folks to profit off other people's suffering. The purpose is to know how to react accordingly when something big like this that is outside of our control. If anything, if you make money off of this please consider donating to the victims of these weather events.
God bless & stay regarded all.
At 905mb & 180mph winds Milton is the 8th strongest hurricane ever recorded in the Atlantic. It's heading to Florida. How to trade it.
byu/CaspeanSea inwallstreetbets
Posted by CaspeanSea
29 Comments
Wont it already be priced in if everyone knows about this hurricane?
buy call on insurance companies that already left Florida? after this more insurance companies will leave and those already did so have time advantage
Calls on kites
Even if not in the path, take precautions and be certain you’ve solid insurance coverage. Trust me on this (lost everything, down to books, clothes and dishes.)
Yeah man it is insane
$GUSH. 2x leveraged bull oil and gas ETF. Not here for a long time, just here for a good time.
The last projected trajectory I saw showed this thing hitting Tampa then going up the I-4 corridor to Orlando and Daytona. That’s a heavily populated corridor. This thing could be horrible.
OXY
Buy calls on sails.
Short mercury.
Home Depot and/or Lowes
Calls on $GUH
Short the insurance companies, Long on home supply stores? If god is responsible for Hurricanes why pray to him to save us from them? I know god is off topic, but he is mentioned so many times in OP.
Insurance puts
Home Depot, the Florida regards will never give up
What happens when it hits a gigabyte?
Calls on GRNDR got it.
Calls on WSB regards losing money from bad trades on this
Thoughts and prayers for your calls
Now up to the 2nd strongest at 897mb
And a 2-3 by the time it hits
But there will be flooding
WSB at its finest. I love this place.
>These losses are expected to be compounded by Milton. Which is already stronger and larger and is strengthening even more as it approaches Florida.
This is currently actually partially false. Milton is indeed stronger but its current wind field size is significantly smaller than Helene’s was (both tropical storm and hurricane force winds). That’s subject to change as it gets closer to land, but it’s currently a much smaller storm wind field wise than what we saw with Helene.
I sucked as a trader so I returned to my career line of work in water/mold to fund trading and today I just bought 50k of drying equipment for 14k from a retiring owner🥳
Huge win and that is how Im trading it. Investing in restoration work from natural disasters that keep getting worse due to climate change wooooohooooo!
So how exactly does a hurricane hitting an area that has minimal oil production or refinement activity hurt oil production?
ASTS/LUNR/RKLB
there’s no hurricanes in space
Jesus fucking Christ there goes my last brain cell reading this shit
It’s going for Orlando, short $DIS
In September of 2019 I bought spy puts based on a massive hurricane coming towards Florida while I went away on vacation. Ended up losing $5k as the market ripped higher while I guzzled margs and ceviche at an all inclusive in Cancun. Coulda paid for a few extra holidays instead of some puts that expired worthless. Good luck OP
I would just like to provide wallstreetbets a simple geography lesson. Currently, hurricane Milton is in the Gulf of Mexico and has NEVER been in the Atlantic Ocean. Yet.