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Options Trading with Option Addict

Option Addict
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

OA Buy: BIDU

Option Addict Tue May 14, 2013 2:39pm EST 11 Comments

I loaded up on 3 week dated BIDU calls a few minutes ago.

More on this later…

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11 comments

  1. Option Addict
    Option Addict
    May 14, 2013 at 2:39 pm

    I filled May5 Wkly 97.5 calls at .94.

    A shit load of them.

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    • jb
      jb
      May 14, 2013 at 3:37 pm

      You have been on fire OA!
      Is BIDU now your top pick?
      With the weeklies I take it you are looking for a short term spike tomorrow or Thursday
      Thanks!

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    • bottom_feeder
      bottom_feeder
      May 14, 2013 at 3:44 pm

      May5? I assume you mean expiration May 31

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      • Option Addict
        Option Addict
        May 14, 2013 at 3:48 pm

        Yep, on TOS they are labeled “May5” as in 5th week of May.

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  2. jb
    jb
    May 14, 2013 at 3:37 pm

    You have been on fire OA!
    Is BIDU now your top pick?
    With the weeklies I take it you are looking for a short term spike tomorrow or Thursday
    Thanks!

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    • Option Addict
      Option Addict
      May 14, 2013 at 3:40 pm

      JB,

      Yeah, having an epic week…thanks,

      BIDU is one of my top picks here. I will share some charts/fundies later this afternoon.

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      • jb
        jb
        May 14, 2013 at 3:51 pm

        Thanks OA! I have heard great things about you. Thanks for coming back.

        In terms of your option orders, are they playable buying the stock too? I guess for the longer dated options, right (unlike these weeklies)?

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        • Option Addict
          Option Addict
          May 14, 2013 at 3:54 pm

          You know, I have members that trade my picks via stock rather than options and have a much higher win percentage than I do.

          FWIW

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          • Option Addict
            Option Addict
            May 14, 2013 at 3:55 pm

            I will start breaking down strategy in upcoming posts.

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  3. bottom_feeder
    bottom_feeder
    May 14, 2013 at 3:47 pm

    You always were a master of out of the money calls, I never figured out how to make money on those.

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