I am thinking that markets are going to be in this mode for awhile. As a result, I am a little less excited about using calls to leverage swing plays, because time premium and slow markets are a recipe for a slow bleed in account values.
Rather than carry 10+ option positions as I have been, I am narrowing that down to 6.
Rather than carry 12+ stock positions, I am going to kick that up to 15+.
On the day, I booked gains in YOKU and took a Aug2 915 position in GOOG calls.
I will be looking to take off a few more option trades today and am watching ADHD and NBG for a long.
More later…
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at the risk of being annoying, what other option trades do you have:
AAPL
GOOG
GMCR
MCP
GS
SHLD, BZH, CTRP, RKUS, X
thanks a ton bud.
Anytime
For some reason I decided to take DDD off last week, lol
RKUS looks ready to rock
Buy TZA
If you apologize, stop acting like a douche, and tell me what a dumbass you were for buying AAPL puts, I will stop deleting all your comments.
Also, your time stamped recommendation above to buy TZA is again, losing money.
Average cost in TZA is around $29. This will be a big money maker in August.
TZA did really well on your July market turn dates too, lol.
ok. The APPL puts were a
goodbad idea when I posted them AFTER the run up after earnings. This is good news as I am running out of monikers.actually, I called July 19th as a potential turn date – and what have the markets done since then? They certainly have stopped going up and are actually down a tad. Let this play out a bit longer
Russell gapped up and exploded on the 11-12 turn dates.
Russell is out of gas. Huge underperformer the past 2 sessions. IWM will have an 8 handle within the next 2 months
Bro, you said that in June. Can you pick stocks here rather than be wrong about the market all the time? You can stay if you keep your horrible market opinion to yourself.
It’s really hard to watch. You are a constant train wreck.
Truth hurts, but I think admitting it is the first “step” in the 12 step program to recovery.
It shalt set thee free.
I like your idea on LITB and took it for a trade
with today’s sell off .
Any thought on a buy /write of HLF with the weekly premiums on the moon ?
HLF: yes, with a stop on the underlying at B/E.
Signaling around a 11% move after earnings. FAT premiums.
BAM!. Closed out position at 63
Thanks ,I bought the common and just sold (14:11:38) the weekly 60s for 3.40.
59.72 for the common buy .
Hey Dre Dog,
What’s our stop on $ZLC?
My stop is ‘today’ unless the stock recovers.
dumped it today. 🙁
Question on SCTY vs FSLR calls. FSLR’s historical vol to curr vol is higher. However SCTY’s curr vol to historical vol is much higher. They both have earnings within a day of each other (8/6 and 8/7). If everything else is constant and assuming that they both would go higher, which would would you buy as a front month call and why?
You know, I don’t really use Historical IV compared to implied.
How I would decide between the two is an objective price target analysis on both. Pick the one that you think will move more.
Thank you OA. I love FSLR from long term perspective but right now SCTY seems to have the wind at its back. Going with front month calls.
do you know anything more about NBG? looks like either a 0 or double.
That was my same conclusion. When is the Greece election again?
I also really like NBG here as it looks to have found a base. As of now election is planned for 2016 but may be conducted earlier. Interesting system. Thanks for the education OA
Do you still think market will top out when FB hit ipo price which is very close now ?
emotional peak,,,, ?
I made that call almost a year ago. Would be interesting to see it happen