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Options Trading with Option Addict

Option Addict
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

OA Sells: GMCR, SODA

Option Addict Fri Aug 30, 2013 11:45am EST 5 Comments

Heading into a three day weekend, and WW3, there is no demand for stocks here today. This completely killed my request to “Connect with LinkedIn.”

I’ve taken off two positions here: SODA calls (-.55) and GMCR (+7.00)

My eyes are on YGE and JASO, but am losing interest to buy into this action.

OA

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5 comments

  1. mrboulders
    mrboulders
    August 30, 2013 at 12:22 pm

    hey OA – could the break below $242.25 on LNKD at around 3:00 EST be considered the breakdown of the trend in terms of holding the YOLO calls. I considered selling at that point for about (I think it was about) $.70 but my position was/is so small i figured I’d hold for a rebound today…thoughts?
    PS – still can’t post to the chat function in After Hours – thanks much – Boulders

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  2. Tom
    Tom
    August 30, 2013 at 12:36 pm

    Thanks for the win GMCR ! Since I have stocks I will hold longer. My beaten up KO holding good today.

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  3. outsidee
    outsidee
    August 30, 2013 at 12:39 pm

    Thanks, OA.
    Regarding your sells, do you use stop loss, sell at market when you make a decision to get out, watch the tickers and sell on uptick, or use some automated method?

    Thanks,

    Out

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  4. Good Shepherd
    Good Shepherd
    August 30, 2013 at 12:40 pm

    LNKD YOLO trade is dying. Looks like a 240 pin

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  5. dvaughn
    dvaughn
    August 30, 2013 at 3:56 pm

    OA, how ’bout a buy of LNKD 9/6 $245 c @ 1.91?

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