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

Tempted to Bet Against the Social Media Space

Thinking through a few ideas….

P, Z, YELP, OPEN – all could easily come in 10-15% here.

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58 comments

  1. tp

    –TP “liked” this on Facebook

    –TP submitted a user review of this on Yelp

    –TP checked in here using OpenTable!

    –TP is listening to “Drake Radio” on Pandora

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  2. purdy

    The gods do not want my BZH Oct calls to expire worthless.

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  3. kneelb4me

    go for YELP , P, or Z

    i like Z the best for a short, it looks like a head & shoulder with a lower right shoulder /bear flag. (if you play charts) also, home sales sucked yesterday.

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  4. hohman finney

    bought puts in P already and going to buy OPEN puts in a few

    buying oct 25 weeklys

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  5. TheHarper

    P December $24 contracts with IV at 58, perfect

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  6. kapitalist

    Anyone else like SOL here?

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  7. jkav

    LNKD short looks pretty good – same idea.

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  8. sodapopinski

    gotta say, UNXL looks like a nice setup…

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  9. diana2010

    OA, great call on housing! Long KBH

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  10. lol

    premiums seem expensive to me in a lot of these.

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  11. matt_bear

    shorting and putting seems like venturing off the OA path. Coupled with recovering from an unexpected disaster this week I’m not sure if i like it. Slump busting is best done when going back to the basics/core.

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    • Option Addict

      I was only thinking 1-2 bets as hedges against my longs. The market feels rotational here, no?

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      • matt_bear

        that i do agree on. 2 of the last 3 days s&p up at least a dozen handles and nothing is really standing out in my portfolio. I’m going with spy puts though.

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  12. StocksRider

    OA, my GMCR puts are up nicely. You see it going further down?

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    • Option Addict

      I would buy GMCR near $60…so little lower. Let’s look at it in AHWOA

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      • StocksRider

        Funny. Just did the same thing. Given the plunge downwards, I had to book those puts. Nice 175% gain.

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      • Pat

        OA – Do you take into consideration the fact that Einhorn is rumored to have increased his short position recently in this name? FWIW

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        • Option Addict

          Only if he takes into consideration when I am bullish.

          I gave him a beating in this name several weeks ago, then took my money out at the highs.

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  13. Jolly

    YELP: Fly vs. OA. My money is on OA.

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  14. rajusus

    Bought few CF210OCT calls @.65 for tomorrows lotto’s play

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  15. Martin

    FB?

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  16. matt_bear

    i’m going to pray that everyone bailed on their AAPL $500 calls today so it’ll spike tomorrow morning and have people chasing it to $512…at which point i will then cash out. 😀

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  17. FABIO GETS GOOSED!!!
    FABIO GETS GOOSED!!!

    Agreed those look weak.

    LOL who’d think manufacturing, electronics, and earl would be the best sectors now.

    Bull market = rotation not pullbacks after all

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  18. charlie

    FB looks strong here. Unless earnings bring it down, I think 75+ is on deck.

    Nice long candidate for a pairs trade if one wants to short social media.

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  19. Twister

    I am surrounded by late to the party Muppets in my office. In December 2007 they IPO’d a financial company, 2 years ago a coal company and now they are looking at listing a app developer. I would back what OA says and bet against the space.

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  20. CF4

    Shorted P at $26.95

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  21. gatorsun

    posted this at chess’ blog…IPO bubble in place…there is now an etf called “IPO”

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  22. gatorsun

    Keep an eye on ALJ ( I am long this one)

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  23. ilene

    Thank you for ZHNE!

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  24. TheHarper

    what’s with trading addicts?

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  25. rolo

    Pop in ONVO

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  26. lanforce

    VMW seems immune to the IBM news

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    • Option Addict

      Imagine that, eh?

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      • lanforce

        Hey, I bought when you bought.

        Nothing wrong with analzying trades from time to time.

        As mentnioned yesterday – fewer positions, better (early) spotting of problems.

        Now, to reset all the “high” alarms that are going off on our PRIOR investments…

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        • lanforce

          Oh, and if you don’t add a chart for LVS, I’m gonna hold my breath until I turn blue.

          Then boy won’t you be sorry.

          🙂

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  27. lanforce

    LVS – nice pop out of earnings jump of 79%. I’m watching for a pullback out of earnings for an entry.

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