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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

Another Monster in X

Option Addict Tue Oct 29, 2013 10:32pm EST 16 Comments

For those that missed our AHOWA trade in US Steel (X), the short term target price is $27-$28. She has great structure above.

Also, CRUS was up 7% After Hours, and is now down 2%. Not to worry yet…tomorrow’s open will determine what we’ll do with this position.

In regards to FSLR, there should be a unique opportunity POST earnings. Rarely do I like to get in after the noise, but FSLR might be a situation where I add leverage to my existing equity position. We’ll discuss this in greater detail tomorrow.

More ideas to follow in the morning.

OA

 

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16 comments

  1. Rajusus
    Rajusus
    October 29, 2013 at 11:22 pm

    Enjoying profits in X . Soda or sbux results should ignite gmcr price tomorrow

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  2. dv
    dv
    October 30, 2013 at 9:40 am

    OA, if u were not in CRUS, could u buy some NOV16 $23 calls here?

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  3. franky
    franky
    October 30, 2013 at 9:58 am

    awesome surprise yesterday. thank you!

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  4. JMB
    JMB
    October 30, 2013 at 10:04 am

    OA,

    What do you think about an entry in TC right now?

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  5. Jules
    Jules
    October 30, 2013 at 10:05 am

    Hi OA, I went long PEP Dec 90 calls today. Approaching 52 week high with no overhead resistance. Large volume of calls were bought yesterday. Any thoughts? You can bring it up in AHWOA. Thanks.

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  6. kdog
    kdog
    October 30, 2013 at 10:11 am

    CRUS has got me speechless this morning.

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    • Option Addict
      Option Addict
      October 30, 2013 at 10:16 am

      Why, big position?

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      • kdog
        kdog
        October 30, 2013 at 10:24 am

        My position size is around 2-3% for pretty much every trade and I’m playing with an account that I’m strictly using for options trading since I’m fairly new to it. I seem to have picked up too many losers over the past few weeks. CRUS has me speechless due to the severity of the selloff.

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  7. alpha_wolf
    alpha_wolf
    October 30, 2013 at 10:15 am

    Wow unwarranted punishing of CRUS…and look at TASR crushing

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  8. cheesetrader
    cheesetrader
    October 30, 2013 at 10:17 am

    followed on the CRM weekly 54s buying the dip into support

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  9. lanforce
    lanforce
    October 30, 2013 at 10:32 am

    One thing I’ve learned in AH (and life experience) is NOT to react to single digit DOW’s, trade-wise unless there is a dip buying opportunity.

    So this may turn out to be a heavy $HAS and $GLF day for me….

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  10. JStar
    JStar
    October 30, 2013 at 10:39 am

    Keep an eye on the coffee GMCR. needs to reject this low

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  11. Jules
    Jules
    October 30, 2013 at 10:40 am

    ANF and retail approaching some nice price pockets.

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  12. P-Down
    P-Down
    October 30, 2013 at 10:45 am

    Jumped big into X weeklies calls on the premarket downturn. OA, you see your short term target hitting this week?

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