Options
AAPL, BYD, CRUS, DANG, FSLR, GME, MCP, P, PWRD, SFLY, SINA, SODA, YGE
Stock
GNK, GLUU, LITB, MTL, NTE, ONVO, PACB, ROSG, SIFY
As I book gains and manage, I am not in the interest of replacing longs just yet. In other words, if I add any positions this week, it will be because I took off two or more.
UPDATE: BOOKED SINA, P and closed SFLY.
OA
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What is your target for GME ? I got in last week and looking for 55. Thanks OA !
OA, thank you for sharing. Could you please share your thoughts on a TSLA entry? Looks like it could go to make a double top with its recent 194/195 high.
grabbed TNA OCT2 61.5 calls
willl sell if vix takes out recent highs
yolo
isn’t $rsol in a nice startup with low risk ( technically speaking )
I spied $RMBS on @stockcats blog over the weekend. The chart has ‘that look’…
can’t wait till tonights call!!
You know its a good day when NES and APP are up 🙂
YGE is still happy to see me.
I chickened out and rolled YGE to November. Costly move on my part.
There is a rhythm to Jeff’s trades. Once you get a feel for it, it really is a thing of beauty.
Until then simply matching his entries and exits is not a bad substitute.
More on that tomorrow when I recap my first month in this room.
CoachOA, once again a nice call on AAPL, i’m still red on 10/11 $500 calls but green on 10/19 $515 calls…what is your upside target this week (hopefully) or next?
Looking at a position in FTNT.Whadaya think?
Rough entry point, IMO
Right ,I will wait. Thanks.
I am very tempted to play the OCT 17.5s in ANGI as a mean reversion oversold play. Any thoughts out there?
you asked same thing about 19’s on friday. you’re knife catching.
haha
its your money. do it. 3 lower lows on lower volume
put a stop at todays low
I dont remember which day it was, but what I do remember was that the stock popped the next day and the near tearm options doubled. Also, check out the PPT OS stats. I have a plan for it.
This seems to be outside the OA code. WW”OA”D…lol
wouldn’t wanna see that gap from back in February get filled – long way down to $14 – looks like a volume pocket down to as low as $11.50 from the big volume support at $17, now broken.
I am playing super small with this one. just testing the waters.
Sold $DECK at 67.25 following OA , I was sure at the time it was way early. I was wrong, hat tip OA. You were right about the weakness.
Remind me top explain this in AHWOA. Stocks give early signals of sell-offs.
Funny, but I was thinking of buying DECK at $63.
Thanks, OA.
Easy to manage entry for KBH right here IMO.
Is SODA still in your portfolio?
sold out on GAME on the rip higher, in at 3.99, out at 4.69…the pressure mounted for days at the 3.99/4.00 spot, even added this time before the pop…got the idea HERE thanks OA
Yes, I own SODA
Thx
Don’t intra day bases like this usually portend an EOD pop?
With Adobe losing almost 3 million customer profiles and credit/debit card information to hackers, I think there is gonna be some spotlight plays on Internet security.
I’m adding FTNT to my watch list for a possible entry point.
Oppenheimer raises its FTNT tgt to $26 from $24. Following a final round of 3Q checks, firm’s confidence levels have increased and it believes FTNT should be reporting results at the top end of guidance. Opco’s elevated bullish view is based on: 1.) anecdotal US (41% of revenue) checks suggesting an increased number of seven digit contracts; 2.) strength in Europe (34% of revenue); 3.) strong pipeline build-up for 4Q.
I’m a long time investor in FTNT, love it.
Well then, you got a nice present on Friday and a little icing for the cake today.
Could be on track for a new 52 week high.
Are you guys interested in FEYE ? I’m watching since its ipo, looking for any opportunity to get in. Any thought ?
You didn’t like the pullback to around 35.5? Twice?
oops – 39.5
I had added some SPY puts on Friday. I am going to add more to those puts as a bigger hedge and am thinking of keep doing so for the next two days.
Got out of SODA too for a small gain.
Also out of FSLR booking 100% gain. I think that we are in for a bigger plunge this week before things get better for markets and that more stocks will be correlated as we continue our slide downwards. I hope I am wrong but this is what it is for me.
oops – 39.5
Anyone care to complete the following statement:
NEVER chase, NEVER average down EXCEPT when___________
Is it that kind of market now?
Out
EXCEPT when…it’s your ex wife’s portfolio ?
Hee, Hee, Ianforce!
OA’s update answered about averaging down, for this market anyway…
THANKS,
Out
oh yes I laughed with this…
“Well, that escalated quickly, I mean it really got out of hand fast.”
I closed NBG and FRO
Phew!
ha, just looked and dow is down 135. Don’t tell my account that, it didn’t seem to notice! 🙂
Crucial day for AAPL tomorrow….do or die
Why tomorrow?
The way I see it, time decay will be really aggressive as evidenced by today’s tape. Trading down or sideways over the next 2-3 days will put us in a very tough position. I think the trade is great, I’m in on the 500’s at an average of $1.62 but whole thing getting crushed by DC. What do you think? What would be your exit strategy?
It won’t be as bad with AAPL trading higher. That’s the fun with weeklys. Give and take with price/time.
I know you got TZA in Sep. for hedge. Then, you don’t have TZA this month. Is this mean you are bullish Oct. ? Thanks OA.
Sounds like more people need to join your After Hours with the Option Addict. 🙂 All those questions would be answered.
OA, send me the link for AF. Wanna join…
https://ibankcoin.com/afterhours/after-hours-with-option-addict/
Just paid subscription but can’t log in.
OA, was there an After Hours session today?
Yes there was. Try going to the signup page again, but instead of putting you info in, click logout. The click sign in and try it that way.
Heisey, I hope you got logged in. If not, go here: https://ibankcoin.com/afterhours/log/
Did u discuss the deck trade in your call?
Done, listened to recap. Thanks
Manny, the exit…yep
why not just wait for the nymo to reach -80 or whatever oversold level to go YOLO the couple times a year it does…is that a sound strategy rofl..
sorry to come stressing again ( disclm i have a pretty big position in $PLUG ) , I think it is a nice reward around here – i bought and held along the way – heading to 1$ soon
looks like the PLUG got pulled – what was said in the conference call?
REVERSE SPLIT . coming soon .
no more 1$ target ( no more speculation )
I sold out
Reverse splits kill cheap stocks. I’d revisit the story in a few months. I hate when companies do this.
yep .. no one was aware really , this was driven to 1$ and that’s an odd move and story . nevertheless could bode well for long term .
i sold out , big gain as well as nice intraday loss meeh. douldn’t see this coming really after the secondary .
$onvo giving signs of very good health ( uptrend in the cards )
$CLNT for a 10% daily gain. Thanks OA!
I grabbed DATE, turned to get CLNT, already gone.
YGE bitches
What do you think of TSLA short?
OA, do you think its smart to average down on AAPL weekly now? Quoting at $1.12
I wouldn’t average down on something that is worthless on Friday.
the rookie over is wondering the same thing
Are you willing to lose more?
How long will you give a short-dated trade like this if its not working out? (obviously, working out is all relative to time) …mainly, do you ever sell, recover some premium and just move on?
I am willing to take a chance. I was ready to pay $2.0 for it 2 days ago (Friday or Thursday). And it seems on track for your target.
Unless you have given up on this trade to be classified as losing one?
out of the AAPL trade…not this week, maybe next one
averaging down on a loser leads to a bigger loss most times. if the trade is busted move on.
AAPL trade looking very much like it…
FB – added more down here weekly 53s – fully realizing the trade is not looking likely – but if it does turn around, my cost basis is cut in half.
okay then!
Only if you are comfortable with the idea of losing it all.
I was/am – just laughing at/with myself.
It’s a beautiful day out and we’re one day closer to a rally
any thought on the late – train possible squeeze $rsol ?
Looks like it may be over for the LNKD story