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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

A Rally, When You’d Least Expect It

Option Addict Wed Sep 4, 2013 12:02pm EST 15 Comments

In the market analysis segment of After Hours with Option Addict last night, we discussed how yesterday’s failed rally was not a bad thing, but rather more of a positive. With prices spiraling lower yesterday, the bears we’re lured into borrowed positions, only to get stopped out today.

In short, we agreed that the least expected move, or the most “discouraging” move today, would be to rally back to where markets opened yesterday. Genius.

I’m still trying to absorb set-ups that I like here, but my current themes still reign supreme. Solars and China stocks. FXI is up big today, and the groups that are following are not of the defensive type.

I’m sticking to my guns here, and watching YOKU for an entry.

More later,

OA

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15 comments

  1. adamjam
    adamjam
    September 4, 2013 at 12:22 pm

    Jeff, some great market action indeed after yesterdays read. Any thoughts on YGE here? I see some more pockets above but we have already had a good run. Holding stock from 4.3

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  2. Manny
    Manny
    September 4, 2013 at 12:33 pm

    OA is it time to lift off the hedge?

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  3. Manny
    Manny
    September 4, 2013 at 12:55 pm

    shoot i must of missed it

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  4. adamjam
    adamjam
    September 4, 2013 at 12:55 pm

    WLT is such a tease. eyes are on YOKU, let’s see if it can follow SOHU

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  5. juice
    juice
    September 4, 2013 at 1:15 pm

    OA – BIDU make or break time? rounded top, lower highs .. worth a shot with some options with a tight stop ?

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  6. dvaughn
    dvaughn
    September 4, 2013 at 1:29 pm

    CoachOA: Deck keeps going up….I’m in the YOKU 9/$24…last FRI u mentioned RAX: get calls on pull back?

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  7. j livermore
    j livermore
    September 4, 2013 at 1:38 pm

    Nice work OA…stay level.

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  8. Kev
    Kev
    September 4, 2013 at 1:45 pm

    I can’t believe DECK isn’t getting short squeezed harder here. Has to be on the verge of a major pop with 30% short and probable stops around this $61 level.

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  9. monte burns
    monte burns
    September 4, 2013 at 2:16 pm

    BHI taking off, I like this setup you highlighted last week, would you take rolling monthlies or the common here?

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