For the good folks of After Hours with Option Addict, this upcoming week we’ll be starting our next CRASH course. This time, we’ll be studying Technical Trading Tactics. I will be starting our classes this week a few minutes early to answer any questions on the market, and will also actively blog watchlist ideas so that we can place our focus on getting through each topic in its entirety.
Here is the schedule we’ll be following this week:
- Monday: Volume by Price
- Tuesday: Sentiment Indicators
- Wednesday: Trading Breakouts
- Thursday: Patterns of Price
- Friday: Creating a “Trigger” and Trading System
As always, these sessions will be recorded and archived. If you’ve been contemplating joining our ranks, by participating this week, you’ll know all the secrets we use to locate the explosive opportunities we find each week.
See you After Hours,
OA
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Really looking forward to this. It kills me that I will be missing out on the pre-recording market discussion… but I’ll take what I can get!
It would be great if you could summarize the pre video market talk.
this is a perfect week for the course. Monday and Tuesday will be panic all over the place, while we’re just chillen and studying. ‘Bout that time, eh chap? Fire the missiles!!
a good distraction from the carnage
But I’m le tired
A “crash” course ??
Anyway you can just post the market discussion as a separate video?
Nope, sorry.
If you can tack on just 10 or 15m of market discussion that would be awesome.
OA, I’m I’m negotiations with my overlords to use 2hrs vacation time & make it home for the pre-recording discussion (no pressure) and ABSOLUTELY no Sean Paul https://www.youtube.com/watch?v=i1o9HMGaWxM
ouch
Beautiful Monday morning…not!
a little worried with ANGI this morning. sharp reversal from the wedge breakout.
8 green days in a row. And how she normally trades she could still be green by the end of today
regaining 16 today would put it back inside.
Looked like the denial pull back. If it holds the next push could be the one to send it to the $19s. Thoughts from others?
hitting myself for not taking the profits on it on friday.. only a few hold up when market is routed!
Another vote for market recap on the recording.
All the people cheering for it will hate it in a week or two.
Ok, well the market looks like crap but I waded in ankle deep here.
Bought KBH calls and ANGI calls here.
Everyone on stocktwits thinks they’re William O’Neil buying down at this Nov’12 trendline in RUT and SPY. Hard for me to believe we rip to new highs from here.
Agree that things are dicey here but odds favour some relief bounce here. If we don’t bounce here it’ll be ugly, real ugly
Agreed.. i am looking at the 2010 parallel at what happened on Jan/Feb timeframe.. if we rhyme that way we are not going till late Feb/March
When does ANGI report?
Nasdaq.com says 2/12
Anybody having trouble with TradingAddicts today? OA still without Internet?
appears so,,cant get on it
He cut off literally mid-stream about half an hour ago for me.
Log in to the webinar, but still nothing.
Crunk off the idea of the OA course. We about to get real flava’ flav up in here. All about timing, and straight off the chain!
The only thing that burns me today is not selling this week’s ARIA. I wrote down on my journal to sell it at any pop at the open. Of course I didn’t.
Everything else still has weeks to go to work itself out.
i sold friday… couldn’t see a run up anymore after that
Good move. I still have 4 days left, and it’s resting on the initial consolidation from Friday’s open. I still like it, and have my Feb still going as well.
At least it was resting on Friday’s consolidation as I was typing it.
This place got real quiet, real fast.
everyone went RIP
I am getting killed today with OA’s picks 🙁
How are your picks doing?
Lol
Hate that shit.
ahaha
bilge/dempanties/cutahair.org
I do this at the risk of sinking to your level…
ripper, YOU strike ME as an idiot.
at least I did not long 10+ names before the pullback.
you’re the one wingeing about getting killed today.
Half of which were up today, fucker.
ok, now i love ANGI again. if it holds, that tail is screaming fake out and we should shoot higher again. if i could post a chart, i would. Use a daily chart, draw a wedge using 12/20 and 1/3. Spinning top tail friday, dump today but regains wedge.
ANGI still looks real nice… She just needed a breather
my thoughts exactly, gents.
I think ANGI looks great here pb to support think it will launch soon
patience… whether trading or not, its a characteristic that doesnt require using your mouth. hating however, always does. that said, dont jump on a hand grenade for your bro here, youre not getting anything out of it.
Guys, reminder of OA talk some time ago. Start to look for stuff that is starting to diverge from market (higher lows as market makes lower lows, things leading the market upwards,etc
For example… FSLR,FB
Those are both going down. Everything is going down. Don’t stand in front of the mack truck.
You are probably right as far as not a good time to dive in head first. Let me clarify…
IF/WHEN you are going to dip your toe, choose the stuff off it’s low of the day as market is going down.
FB is a good example of that right now as the 5m chart it has not made new lows as market is making new lows.
Also, probably a good time to review the intraday McCllelan
FB looks *EXACTLY* the same as S&P.
I disagree. FB made it’s low 9:40 and has since been up. S&P’s last low was 11:20 while FB made higher lows.
http://ibankcoin.com/option_addict/2013/10/09/starting-to-scan-for-quality/
are you using tos? use a daily chart, type in FB, then type in SPX. the run up, wedge, and break downs are IDENTICAL.
I said a 5m chart (five minute). Look for intraday divergences between the two. The market has only come off the days lows in the last hour.
http://ibankcoin.com/hattery/files/2014/01/fb.jpg
SPY around the same time
http://ibankcoin.com/hattery/files/2014/01/spy.jpg
looks like we will be testing Dec lows.
http://ibankcoin.com/afterhours/2013/08/23/the-mcclellan-oscillator/
I’m getting around -60 reading
Should get a super size POMO today to push this market green.
GOGO goes goodbye
My 18 puts are doing great !!!
damn buddy you really want out there. I’ve got the 21’s.
Me too!!! Just starting into the volume pocket.
Someone set fire to my biotech basket.
In a sea of red QIHU found some buyers today
There is some price history at this level 177 on SPY
FWIW. My MLNX Feb 44’s are up today in this shitty tape.(nothing else is) Higher lows.Going to add.
avert your eyes and buy. bidu added.
Look at the YCS
I see a familiar pattern developing here
http://thearorareport.com/IMAGE_PAGE/SPY-012414.html
FSLR good relative strength today. Picked up FEB 50s
I’ve only been an AHWOA sub since the new year. When Hattery posted the link above I noticed a bunch of good posts about some of the trading basics from OA.
Here’s OA’s first AH’s post last August:
http://ibankcoin.com/afterhours/2013/08/23/after-hours-with-the-option-addict/
From there you can click the links to the next few posts. Might be some useful info for newer peeps to catch up with, or good review.
S&p looks to be holding 1775 level – the level all the “Chartists” have been worrying about. Not that we trade the s&p or anything crazy like that
The DOW has almost recovered all its losses today.
Seems to be helping homebuilders like KBH.
what is wrong trading spy or iwm , i think it was a good hedge if you bought some puts on january 23.
and try to protect all the long call’s in fslr,fb,trla,angi etc. that are now under water !
Just trying to be positive and provide comic relief on a day like today. I wish would’ve had some TNA puts going though… The IWM would be more up my alley due to my holdings but I see nothing wrong with throwing on a hedge. Actually next time we vote above 70% bullish in AHWOA, I’m doing a weekly hedge. ( a TNA yolo purchased last Wednesday would’ve paid an easy 1500% in 2 days).
Who’s betting we get turnaround Tuesday.
I have to decide, right now, whether I’m leaving work early to attend the pre-recording. Will there be an After Hours? Does OA have internet again?
Yes OA is back up and online
lanforce & water, thank you both. I’m replying from home. See you in the clubhouse…!!
iwm & spy have a better spread , compare to tna
fslr add….big picture dudes
Buc Jeff is back and working fine, if you want his market analysis you need to be on early today
I’m getting killed with OA’s picks….lol Everyone’s picks are getting killed it’s a fucking worldwide sell off. Alotta people are down not out; lets not invite everyone to a “Pity Party”! Grab your balls and show some conviction; don’t capitulate when there is still 4 weeks of Theta left! Stare the Devin in they’re and piss in his face! Someone gimme another fucking redbull! Nature Boy style…Whewww
Water, thank you
Thank You auto correct! Lol
Stare the devil in the eye and piss in his face!
I’m more of a shit on the chest guy
don’t ask me how, but i swear i guessed this
vxx puts kicking ass.
you and me always seem to enter this trade around the same time!
Sitting at a double for me right now.
How’s the little cub doing?
next week 43’s??? Cub is awesome. about to pack up and head home to see him now.
this week 44’s
glad to hear man! Best part of my day is getting home and hearing my kids yell “Daddy!” as I come in the door. Makes any crap day immediately worthwhile.
some dude stole my handle name, what gives?
that’s not cool
Picked up some DANG March 11 Calls here @ .40
I went with Feb calls. Good luck!
Good start here, ryans!
Any thoughts are AAPL into earnings? I bought some weekly 570s for 6.40, up to around 7.80. Sell or Hold?
Sell
lol
Hoping to see higher lows tomorrow in FXI and EEM for a bounce signal
did you just say ‘crash’… that was crafty 🙂
So… ummm… uranium miners anyone? CCJ today? Up nearly 2% on double volume. If that’s not relative strength….
CLF ride this one
@Lan I’m looking at CRM and thinking mmmmmm. On my phone so I can’t check the IV and Delta
watch those steel stocks
my hate for CLF grows.
me too, and everyone can’t wait to rid of it. wink wink…
Weekly 21s and 22s would have been nice this morning.
I wonder if OA’s target is still 28, or if this market has killed and revamped that idea.
@Uncle Buccs, to clarify lasts nights remark about not liking the last candle on RMBS, I was looking at an HOURLY, not daily.
Got into HIMX $15 calls off a downgrade. Still within the wedge.
gramps – well, you’re dislike was warranted…lol! My only position in the red today.
lanforce – dropped you a message in the After Hours chat. 100% love, Unc.
Hi Uncle – Duly noted. I’ll see if I can figger out how to do that today.
@ Danny – CRM
You really need to enter below 57 for this to make sense.
If you entered Feb 60’s @ $1.00, the returns would be (target on Feb 10):
@60 – 64% @62 – 184%
If you entered the Feb 60’s at 0.70 (approximate stock price 56.25), the returns would be:
@ 60 – 121% @ 62 – 284%
I’m not taking that trade; not worth it
been nervous as hell last couple of days. I had to sell into strength an obscene amount of BIDU calls (3x norm). what is everyone buying today?
I’m happy about KBH and PHM. have not targets but I know Jeff loves these two so will hold on.
I stil need to get out of the red with IWM, thinking 113.50 to 114. bad bad trade on this one. *slap me in the face please*
Is anyone adding to ANGI, the pattern looks amazing. or FSLR?
I also bought some VMW calls yesterday. Earnings after the bell. monitoring…
KBH had an original OA target of 23. I put a stretch goal in of 25. I have both the 19’s and 20’s with entries of .34 and .21 respectively. Here are the returns for both options at both target and stretch (Feb 10 attainment)
1190.32% 1835.48%
1263.64% 2172.73%
I also bought FSLR yesterday at near low with a more conservative target than OA of 55/58 (same option as OA).
Returns are 250% and 350% respectrively. At OA goal – same option returns 568%.
lan, thank you for the roadmap. In Feb 18 and 19’s. pretty much a full boat. like the break over 19 for sure.
KBH and FSLR may be my only saving grace this month – let us hope.
I bought some MU feb 24 calls at .61 this morning. Targeting 26-28.
Bought NEM.
New OA thread started with all his current holdings, including stock purchase of MY this morning.