Not much value coming from me today, as I view most of today’s price movement as noise. With the market generally acting heavy here, its important to notice what stocks are diverging from the overall flow of the market. Based on what is moving today into broad market weakness, there is still an appetite for risk (TSLA, GOGO, SFUN, HLF, CLF, MNST, QIHU, SUNE, etc).
This was a point made yesterday in After Hours with Option Addict – rather than focus on market weakness, focus on what is working underneath the surface.
No new positions out of me today, but will probably book a couple gains and take off a loss.
OA
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you must really like SFUN
I’m happily watching PXD as it heads for 215 this month…
Anyone else like the spot in LNKD for a dip buy?
Pretty easy to manage.
Trying the DEC1 220’s
instant winner. Nice trade Darren.
Man – certainly is tempting on a $4 dip. Not a classic OA trade, but tempting nonetheless. All it takes is ONE good day in the market….
In at 215.63 – here’s hoping !
You guys taking the options that expire this week, or next?
I have this week’s options.
Given that they are weeklies, I guess we can call this a YOLO.
these conditions must be met for it to be a YOLO trade:
1) is it a weekly option?
2) does the trade excite you?
3) are you only allotting “stripper money” to the trade?
SWKS green again today
DECK has been a monster…wish I’d never sold.
I will be picking up a BWLD position end of day if level holds (probably options in Jan). If CMG gets it act together this will also go up…if CMG tanks, it may bring it down. Or, it could act independently.
Bought Dec. 17 F Calls
Even after that nasty breakdown through support? I was thinking it might dip to a 15-handle this week after that awful price action.
YGE Dec $5 volume…normal or not for the in the money strike?
I’m feeling “F” d at the moment just looking at that chart….true it could bounce….in January or February
“It ain’t over until it’s over”- yogi
YGE bounces real soon. Mean reversion….
I’ve changed my rank from “Piker” to “Distinguished Gentleman” with respect to the AHWOA service. Hopefully that’s enough fire power to turn these markets around into today’s close.
I raise my glass in your honor.
thank you sir. unfortunately on this blessed day, i am unable to scrounge up any headphones at the office. So i will not be able to listen to today’s session live.
headphones…brilliant! I just keep waiting to watch the recording at night.
Looks like we just retested the initial breakout on the RUT….looks textbook Denial phase…
Mondays after hours vid isn’t up. The TA live one is there instead.
I am trying to understand charts. If I understand correctly, is the support holding good for LNKD?
btfd
AHWOA Market Wrap Summary: https://www.youtube.com/watch?v=QYEC4TZsy-Y
Did you end up booking any gains?
CF position is blowing up!
Gains have been booked! Late Black Friday gift.
LNKD, Here we go! Alright Lanforce and Darren, let’s do this.
Good call, glad it is working from the start! I missed this.
Maybe an even better call was Lanforce’s PXD trade.
P was setup nicely last few days, good pop today, will see if it holds.