I am now long of many Jun 28 call contracts of the Facebook @ $0.34.
Buying weak shit in a strong tape. Apple-style.
UPDATE: BIDU CHART
Joined Aug 2, 2009
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Nice, I’ve been buying the exact same contract for the past few days as well, contrary to my personal dislike of the Farcebook.
It is a horrible stock…which is why I like it when its down.
Good choice!
How would u play fro via options? Thx
The stock is the price of an option.
How bullish are you?
Jia- my opinion: If volume on those options dries up, you will be hurting. At that stock price, buy the shares.
ANR and WLT are finally showing signs of life today.. is it time to pull the trigger yet?
I have positions in both these names.
Am thinking that I may be an option addict as well
OA,
Is there a study in tos that allows you to chart volume on the right axis like you are? Thanks
Tools/Profiles/Volume Profile
I’ve traded options for ten years, and know that position sizing and the portfolio as a whole are so important. If I can give criticism here, getting a bizzillion trade ideas spit-fired out is ok but I’d be more interested in the whole portfolio, sizing, and not just the big winners. We’d expect to see some huge gains because there’d have to be, to balance out a lot of -100% losses, if you are going OTM short term.
Thanks for the feedback. I’ve already been doing this for years.
Why not go out to the May 4 or 5 week calls? This May 95 is losing big value every second.
I did: http://ibankcoin.com/option_addict/2013/05/15/quick-chart-analysis-on-bidu/
This was about BIDU
So was my reply.
What am I missing?
OA,
I’m confused I’m seeing jun 7w, jun14w and Jun 22 for FB @ strike of 28, but the last trade seems to be .20 and bid and ask .19 and .21 respectively. So as I haven’t seen this before, I’m wondering what the expiration is?
Sorry for the confusion.
“I am now long of many Jun 28 call contracts of the Facebook @ $0.34.”
They are June expiry. Not a weekly June, just a June. If at any point I post a weekly, I will indicate as such.
They are the calls going for .37 x .38 now.
OA
.41 x .42
When you just list a month it’s the standard option which is always expiry at the end of the 3rd week of the given month.
I’m guessing you have June 22 as the bid and ask are .37 and .38?
Okay. Got it. still learning. thanks!
No worries, ask away.
ACTV nearing the volume pocket.
OA,
Would like to understand your exit plan on both FB and APPL.
Here is what I did –
Bought 3 contract for 1.40 yesterday.
Sold 1 today at 4.60 and rest 2 I have an open order of 1.10 for 445.
Let me know if you think its correct or how it can be improved.
Bill,
Good plan. I like the idea of AAPL to $440 by tomorrow. I am holding the full position at the moment with that target in sight.
As for FB…I want to hang on to this for a bit.
OA
That BIDU chart you posted is close to resolving. Very curious to see what happens.
Out May BIDU’s .17.
Keeping Junes.
Sorry for the confusion OA. I published that last one right as you hit yours in. Yes we are on the same page. What was your May 5th week entry price on that 95 or 97.5 BIDU? Man I am so pissed I didn’t pull the May AAPL off this AM. That one was a May exp tomorrow correct?
No worries yo.
I closed the May’s earlier today, and I still have…
“I filled May5 Wkly 97.5 calls at .94.”
$RSOL, lol
Who has a good scanner for OTC stocks?