Today’s tape will set the tone for the week. The Russell is our primary indicator today, and 990 is the level. Thus far we’ve been slightly above it, and at the moment trading slightly below it. Acceptance above is key to further upside.
Rejection from this price confirms the set-up we discussed in the video analysis over the last two trading days. If you are looking at trading options here, you prefer this set-up for long entries…aka lower prices.
Over the next few days I will be trading several low priced stocks to keep me occupied. Specifically, stocks that offer no correlation to the market, and stocks that will generate explosive moves if traded properly.
I’ve got a handful of positions working well today that I might opt to book gains on. Keep an eye on the comments here for updates.
OA
If you enjoy the content at iBankCoin, please follow us on Twitter
Many issues are well met for a June Monday and I would not be surprised by a low volume positive close .
Russell hasn’t even traded beneath VWAP today.
Much different structure than it had last week…
still like YELP and UA weeklies? YELP seems a little weak today.
I don’t have any yelp.
I have longer dated UA calls.
cut losses in aapl here or keep them?
I AVERAGED DOWN, NEARLY BOTTOM TICKED THIS PIG.
450’s at $1.60.
ALL CAPS LETS AAPL KNOW I MEAN BUSINESS.
You added weeklies as well or am I misunderstanding? Thought Friday’s purchase was the June 22s
I bought Wkly 450’s last week. I added to that same option 15-20 minutes ago.
Gotcha. Thanks OA.
OA, AAPL is still basing, why gamble on weeklies, a risk/reward thing?
Yep, absolutely.
Not so much a gamble, just a play on the percentages.
thoughts on Sep AVNR 4’s calls?
Are you already in?
I’m not a fan of chasing moves like today. I prefer to scout and anticipate them.
good advice – thanks!
DMND June 17’s
BOOOOOM GOES THE DYNAMITE!!!!!!!!!!!!!!!
Watch my video from Friday. I called this move, exactly to the low.
Again, like 10 steps ahead of you bro.
Jeff,,,check out TNGO (long common) options any good?
Purty wide…
COCO Puking
COCO, like a boss.
that chart looked so nice. was ready to break out… unlucky trades happen..sigh… whats the plan on coco now thx
See how it opens. It’s trading beneath where I would’ve wanted to stop out.
Man, I haven’t been bitten by one of these in a long time. Now I’m angry.
coco trading pretty well…aapl real strong. in with u on nflx as well lets make some coin OA!
AAPL will make everything okay =D
coco…classic indeed