This is it folks (extra Denninger). We’re either going into the cesspool of hell or hopping aboard the “deathsled” to bestow a great pain and misery, a final blow of sorts, to the childish morons who continuously short this market.
Last week the tape was weak; but you wouldn’t know it by reading iBankCoin. The Option Addict pulled off one final “epic trade” for the ages, getting long massive quantities of TWTR December 50 calls, all done under $1. Some of his members, inside of After Hours with Option Addict, got in sub .20 (+6,500+). Do you know where said options are trading now?
Almost $10.
Jeff bought a house with the proceeds, literally.
Just to put this trade into perspective, had you dropped $5k into the TWTR calls when he suggested, those same calls would be worth over $65,000 today.
Isn’t this what we’re here for? How many of you made over 1,000% on this trade?
Congratulations to all of those who participated in this trade (tips hat).
As for my BALT position: I believe the Morgan Stanley analyst has it all wrong when he says GNK is an overhang on BALT, keeping the shares down due to uncertainty. I believe GNK is negotiating a pre-packaged bankruptcy and such an event will not affect BALT equity holders. Why else would Centerbridge take a 14% stake in BALT, just last month? They are most likely working with GNK on the bankruptcy details.
At any rate, I expect trading to be thin and volatile, as most hedge fund managers move to cash to lock in great gains. After all, these gents would like to get paid their $100 million bonuses. Any hedge fund related sell off in December will most likely result in a January boom, so hang tight and pick your battles carefully.
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Jeff is the options master – unfortunately I missed that home run – congrats to OA and anyone else in in the trade. I will wait for my ship to come in. Long BALT
Fly, I would like to Thank you and OA for offering both service’s at what i consider a greatly reduced rate. God bless you both! And please continue to help me Bank Coin, “My wife thanks you both also”. Happy wife Happy life!
Even Zombie is too drunk on egg nogs to comment here. Balt, FTW, extra Jack Sparrow.
In regards to holiday parties, if the guest asks you to remove one’s footwear upon entering the home, what is propper protocol?
Do you mean the host? Take your shoes off.
Oh yea. Host*
You are supposed to remove footwear upon entering anyone’s home, as is customary in all samurai cultures.
Does anyone think we will hear tapering news this week? My guess is that they leave everything the same and we continue are cocaine party.
I entered at 0.25 with pretty heavy investment – so far the returns are at 3212%. – but remember, this trade ain’t over yet…
It’s prob over. You missed the biggest gain. But it’s OK.
Well, it closed out over a buck at the bell, and I was in when the stock was 43, so I’d say I got about 95% of it.
Good work! I hope u booked those gains!
A quick check of Fly’s match. If you went in with $5,000 @ 0.25 per option, at $10 per contract the net worth of those options would be (200 contracts x $10) $200,000, not $65000.
& match=math
He said when OA suggested, which was original 85 cents.
Also, I hope it’s not a “final epic trade” as I hope we land one or two next year.
Ah – I was going by his talking about people who had got in sub 0.20 and using the 0.25 for nice even numbers.
The $65K comes from 6500 contracts at $.20 each, now worth $10. 6500 x .2 = $1300. $1300 x 50 = $65K.
Great trade Jeff.
I got a solid 1000% …but definitely didnt have 5k invested in those contracts 🙁
6 figures in bank this am from TWTR.