Closing transactions thus far this week. Lots of work for little reward.
Options
Closed SHLD – 70% (-.89)
Closed DDD – 58% (-.35)
Closed RKUS – 82% (-.70)
Closed CLF + 125% (+.31)
Closed GRPN + 206% (+1.32)
Stocks
Closed CHCI – 5% (-.16)
Closed NDLS + 3% (+1.36)
Closed UNXL + 18% (+2.45)
Closed LITB + 12% (+1.96)
My saving grace here is position sizing for total loss on OTM options, but trying to avoid max loss when applicable.
I still have a few August positions to work my way out of, and a considerable amount of stock positions on. Will use the remainder of the month to reposition my efforts into some new blood.
Off to go do something “happy” and “uplifting.”
ROFL.
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VMW not helping you out?
VMW, GRPN, ONVO all made me grin a lil’ bit.
incorporate this quality musical composition into anything you “go do” and I guarantee you’ll be happier:
http://youtu.be/Gf4QSFK1dRE
Great stuff, many thanks.
I must be too old .. I don’t get that shit
here ya go 😛
http://www.youtube.com/watch?v=Kt1aV4GFIxY#at=58
This should be required exercise for all before promoting to each higher grade level. And a test to be given for competence at high school graduation.
Live Grateful Dead shows while trading always works for me.
might actually be a good spot to add some 3D organs here
Having exited most of UBNT this p.m. and
looking at the AH trade does not make for a restful evening .
Jeffe – Been traveling this week, missing the trading room … thanks on GRPN, VMW … holding LVS still.
Regarding your last post … I must be a complete A-hole next to your ‘negativity’. Yoga, rock climbing are my releases, mental escapes. (And If these inspire you, could you please post a pic of your 6.5+ft frame attempting either.)
You’re one-of-a-kind, a teacher first/foremost. “… teach a man to fish and you feed him for a lifetime.” See you on the inside.
Thanks OA for VMW, booked some serious gains!
If you were to jump in some AAPL options now, what strike and month would you use?
I must have missed a post. Did you exit your AUG 260 NFLX calls?
And did you exit FSLR? Any hope left for that one?
Dude, I posted my exits this week.
OA, you are doing an incredible job. IBC is the future of finance and would not be without voices like yours. Whatever has the gears not running properly may it get fixed. Big fan here.
good read on NBG
MCP gettin smoked
Question about RKUS, was closing out the position a case of salvaging what you could from options that would expire next week and now had a very low probability of working? Or is it that since RKUS failed at the 15 to shoot though the volume pocket that this is the didn’t work scenario and you’ve moved on from the thesis entirely?
A combo of both.
Mr. OA….little concerned with the AAPL price action. Thought it was going higher after it cleared 469 and poked above the 200, but it has since come back under. Wondering now if the 200 keeps a lid on things and the stock does re-base in the 430 area before the next assault higher.
I think it looks orderly.
UNXL with the reversal.