Yep, caught a right hook this morning.
I took off RVLT, JRCC – as well as GME, JASO, GOOG, CLF, GME
I am also considering purchasing P and SOL.
After Hours with Option Addict members, focus on yesterday’s RUT set-up. It appears to be working.
I’ll be back to offer some words of comfort this afternoon.
Trade smart…
OA
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Anyone eyeing YHOO. Nice consolidation?
OA – LVS
Exiting panic phase ?
What time frame are you looking at?
December
RVLT is falling for no reason though
Bought FSLR on the low 58 dip – could make a nice YOLO or day trade.
in at 59 – maybe we’ll make enough to buy FSLR shirts
Look at the 3 day pattern on this – they are playing almost identical. Don’t know if it will hit 61 again today, but SHOULD open high in the morning.
I’m buying calls on FSLR, VMW, SPLK, GOGO, also holding calls on CZR, XONE…also a spec on SINA..anyone else joining me here???
Nov 65 SPLK is worrisome
Good question for OA – it already spiked to 65 yesterday. Either the trade is broken, or a GREAT entry point !
It spiked just over 65 at the open today, too.
Joined you on FSLR this morning, was already in VMW, SPLK has me spooked. Was in XONE from 10/25. CZR cash and entry permitting.
If any of you guys are simply following and do not have a plan of your own, I would strongly encourage you to avoid any Novembers and look to December at this point. 6 trading days left and premium is going to evaporate very quickly if the underlying does not move.
well said…or even wait for a day
Amen
jus buying paper trades today… feeling depressed
what’s the RUT set-up? i missed last night’s video
Any body in MNST & UNXL earnings play ?
Long UNXL.
i’m holding unxl calls
Boy is RIG a study in OA’s vol pockets or what.Scared out of my Nov 49 for a double.Now its a triple.Gonna try for Decembers when it settles.
you gotta just buy RIG equity and just hold it.
Good point if one does stock but i don’t.Been doing pretty well using OA’s style.See ya in AH.Cheers.
still holding my RIG Nov 46’s thinking we could see $55 and with time to expiry I’m watching it closely. But it really stands out in a sea of red on a day like today so that has me comfortable sticking here.
Nice to have a trade plan, especially when the trade isn’t broken. Congrats on nice gains.
Thanks Lanforce – really appreciate your feedback and thoughts on the blog.
Take profit on Dec 52.50 RIG calls and get back in on dip? Seems similar to your call about what happens 80% of the time in yesterday’s AHWOA session.
Especially since the dip may represent a wholly different trade setup. This in my mind, is just another form of chasing.
OA, any thoughts on $Z? may be due for a bounce here
is u fucking crazy bro
its war. man the turret
The volume profile disagrees. Really thin all the way down to ~60.
See TRLA as a template for Z.
You buy the bounce, I’ll take the short – plenty of room under 75 and hard to violate law of gravity.
Z has been my top short idea.
Backing the truck up on FSLR here. Looks to be tightening intraday
XONE and FSLR are gonna give me a heart attack today – steeling myself NOT to watch the XONE chart.
bought LULU puts.. the red ones
What GOOG and GMCR taketh away, the QID calls and FAS puts giveth back. Still hurting today but trying to keep head above water. I am keeping my puts on.
Nicely played rider….
You eyeing Z shorts ?
thanks lanforce. I was. But I am wondering if it is too late to enter now as I missed the breakout to the downside. What you doing?
Just eyeballing. Learned that trading on days like today is Russian Roulette with 5 bullets chambered. If it breaks down in the 74.50 range I may buy some Nov puts.
Care to share your plan on this? Target/Stop?
What a grind down today… I am purposely not looking at my account balance.
Best strategy I’ve seen all day….
going to eat a sandwich…this is fugly
OA – any idea why PHOT is not trading? Couldn’t find anything on their site, no news…(BTW – sitting on a very nice gain here – thanks).
On Thursday, November 7, 2013, the Financial Industry Regulatory Authority, Inc. (“FINRA”) halted trading in all OTC Equity Securities pursuant to FINRA Rule 6440(a)(3). FINRA determined to impose a temporary halt because of a lack of current quotation information. Therefore, FINRA has determined that halting quoting and trading in all OTC Equity Securities is appropriate to protect investors and ensure a fair and orderly marketplace. The trading and quotation halt began on Thursday, November 7, 2013, at 11:25:00 a.m. E.T. FINRA will notify the market when trading may resume.
Thanks
Is VMW calls worth buying here? They’re only 1.70 now
Bought dec 85 calls hehe
CANCEL ALL ORDERS
Even the stops? 🙂
Long half pos in GOGO stock.
17.55 stop 17.25
SELL SELL SELL lol
did I scare all little fucks off?
long: SODA RIG
short: Social media Bologna
Keep cool 🙂
ROFL
lolll
Average Joe Index (me) – disinterested, out of positions and bearish = likely terrific buying opportunity
Looks like more pain, before the buy
If it’s all the same to everybody, I’d really like FSLR around 61.25 today.
Carry On.
anyone $nu(G)t here?
any comments on RVLT? Stayed in-looking for st target…..
I got stopped out yesterday . ., . of course.
Sorry, was stopped out of RENN, not RVLT. nice surprise.
Is anybody still in MTL?
watching for entry. Looking for a rejection here.
Anyone watching UBNT after earnings ?