Thus far today I have taken the following positions:
$NFLX Wkly 230 calls @ 1.85
Long $LEDS stock @ $1.62
Looking for a spot to book my $SODA calls. Hoping for 300%.
Where the Russell has illustrated a positive divergence to time a tradeable low, it is soft here while others lead. Right now the ES and NQ are at days highs, while he TF is not. This tells me I can afford to be patient and take meaningful risk into weakness down the road. As prices push higher today, I am looking to book a few more gains, raise cash, and wait for better opportunities ahead.
I’ll post a few more trades in a few.
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You are fading the Devil. Someone will be very wrong.
The Devil shorted NFLX and LEDS?
shorting small caps – which look to be getting their heads handed to them
This is why I own some TZA.
I am like 12 steps ahead of you. Really.
We (three of us) took a long look at your eight possible suggestions and
all agreed on ORCL and used the dreaded July sequence(long long July 4th weekend ) 30s 33s and 35s (10/20/40).
This one came up the winner for several reasons including near term earnings and Ellison’s predisposition to NOT make aquisitions during prime sailing time .
We’ll see .
Truth be told, ORCL was my prime example in this climate as I started rattling off tickers in my room yesterday. Top pick.
This week’s calls for nflx?
Yes.
impressive! already up to $3… wish you posted or tweeted sooner 🙂
I have a private twitter feed and send real time alerts on all my stuff.
different than @tradingaddicts ??
Yes. Sorry to be a tease.
can’t even search on it! 🙂
Hi OA, what is your take on PM, especially gold? Bottom in? Or still bear?
I have zero interest in PM.
I will accumulate Gold again at $900. The best time to invest in Gold is when nobody invests in Gold. I want to short Silver back down to $18 here soon.
Great comment , I have no faith in any trades in PM . I would hate to total my losses in the last three years.
24/7 trading is just too tough .
Thanks OA. I took a big loss, that made me obsessed to PM,,,haha.
Better find other ocean ! Appreciate your work.
OA thoughts on MCP? I ask because I got the idea from you a couple weeks ago. Might bounce off of support on the 50 day ma?
I bailed. High risk stocks will take a couple weeks to recover.
If you get an idea from me, openly ask about exit strategy at the time of entry if you don’t already have one.
Thank you sir.
Yep, had the market spent a few more days up, this stock was primed to rip.
Anyone still in $MNST with me?
Small Caps getting HAMMERED!!!!!!!!!!!!!!!!!!!!!! NEGATIVE, not positive divergence.
Read my post again, asshole. I said this hours before you did.
Again, way ahead of you.
Interesting that the TZA July 45’s are .50 with only 45 days to exp. This tells me a HUGE bull trap awaits. Better clean out that portfolio of crap quickly. Lower, not higher prices await.
Just sold my remaining 20% of SODA calls for $6. KA-CHING.
GREAT call OA! Thanks for sharing that one.
just reading this thread..flyjrd,why dont you just block jeff’s comments..and stop being a dick