I picked up shares of CUDA, as discussed last night on After Hours with Option Addict.
I also picked up Feb Calls in AMBA, as I love the location here.
More later,
OA
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Joined Aug 2, 2009
1,847 Blog Posts
OA – Did you buy AMBA prior to the 12:00pm breakout or was that the trigger?
he bought afterwards…around 12:10.
Right as it was getting some volume.
STXS might be worth a look.
I like that one
its quiet in there today :/
Can some one please help me with MODN chart. Is it on the way to Aversion or to nowhere?
thanks
If I had to, I’d guess: Still in the choppy disco phase heading into wall of worry. With 14.50 or 16.50 as that possible place where anxiety could top.
Although I’d be careful about forcing an opinion on it if it’s not very obvious. I’d pass on trying to make it fit the sentiment chart if I didn’t have a position, so many others to pick from.
thanks a lot Managerlou. I tried to learn this sentiment pattern against MODN and was struggle to figure out its current location within the pattern.
You bet GC, check out AAPL from about Sept 12 – now (OA has used this an example recently i believe). This fits pretty dang well to the sentiment chart. Looks to have just topped at Anxiety headed for Aversion.
yeah i can tell what the market is doing by looking at the views/posts on OA’s latest blog entry. Yesterday rally= 127 comments. Today= 7. lol
haha. i guess that’s typical and makes sense. today, people are scrambling to make sense of their portfolio. Yesterday, we had our feet kicked up watching our account grow.
We shall see i suppose. SPY on a VERY important support level here.
People evaluating an emotionally taxing question right now of…”Is this time different?”
well, there WILL be a time in which it is different. toughest part about not knowing the future.
Um Jeff,
Could I borrow the keys to the time machine for about 36 hours ?
Thanks
KBH is looking really solid here
that STXS did/does look good. waiting to see what INO does, bought some today, thinking it was a quiet time for entry.
Your triple Stochastic indicator is going off on Brazil as oversold, any Brazil plays you like?
almost impossible to stop Big Ern…that’s how we should celebrate every winning trade. http://www.youtube.com/watch?v=fR8D_Vty9F0
That hair gets me every time. Lol
+1
Well, we talked about the initial reaction being a fake out, a while back. I’m off to do some tree trimming, will check-in at the close…
Going to buy up some $RVLT for a long
I’m already put discount buys on CALLS for march and got filled on some home builders…seriously talking about pennies here
IWM reacting nicely after the lows.
Great picture. Do you follow Bill Murray on twitter? Hilarious.
Kingpin is a classic, hilarious.
In regards to the clip i posted…
0:29 Stalking the trade
0:39 Opening the trade
0:46 Ohhh crap, it’s not working…OA is it broken!
0:49 aversion
0:51 returning confidence
0:55 enthusiasm
Way to subtly throw in a lesson about sentiment for us.
LOL
yes?
+1
Anyone looking at OIBR – Brazil name that OA mentioned a while back.
Martin: Stalking it and looking for entry around mid 1.50’s
Thank you for the responses
I own a little but stock is going to merge with $PT sometime early this year and may issue a boatload of shares heading into that so be wary
Thanks for the head’s up
Entry may be following the secondary.
Market getting its sea legs. Time for FSLR to run to $52
added some GRPN calls today MAR 11
Looks like great timing Eddie!
Thanks!
Love ANGI. “FU shorts, I’m riding a trend line to the moon (or just $20 for now).”
Loved the close at the high and above 18.65 in KBH today.
Regarding the quiet… I’m in watch and wait mode, exercising discipline. While I don’t have a Trading Plan all figured out, I have a Risk Amount of 10% of the account I’m trying OAs methods in. I was almost all in last week, and am now at my 10%. I hold Feb ANGI, LNKD, KBH, Z, and GRPN. And a 1/2 TNA Feb week 1 bought Monday. Over the last week I’ve ranged from +30% to -50%. Currently +3%. I’m not adding positions because I’m at 10%. I’m not closing positions because with the exception of the one day they went -50%, they are handling the pullback OK. (except TNA) I have time on my side and am prepared to let them bleed. If we recover they will skyrocket.
Now in my 401K I went all cash and bot a TNA call. If we continue to fall I’ve mitigated the damage. If we go back up I’ll recover some of the losses.
Either way I’ll evaluate strategies as things unfold.
NES for the win
Unfortunately, your antics lack any sort of iota of hilarity. Why don’t u show us all what a clown you really are? Or, is my trading prowess and yearly salary too intimidating to a pox-faced pleb like yourself?
did anyone join the /NQ party with me?
Judging by how wrong the initial Fed knee jerk reaction are, I bought AAPL, TWTR, FB calls. stayed put on FSLR CZR KBH. PHM reports in the am. if builders report well, this market is going to shred
also started a march GLD 120 puts and added more ANGI calls.
FB Should give us a good jolt seeing as how most of us own a lot of social media. I gambled on FB earnings. Looking good so far.
Facebook on Earnings
Apple on Earnings
A tale of two Cities
@Jacked_Rabbit
A reminder for your lab excercise tonight – you will need to MANUALLY over ride the stock price after the lookup.
So you’ll have 3 manual entries
1. Stock Price (override lookup price to the date of the stock WHEN you bought the option)
2. Option price (override the lookup price to what you actually PAID for the option)
3. Calculation Date (in output options) – change from “today” to your option purchase date.
Also in output options, I use the % of initial outlay for my initial chart option. Then you can instantly see what Theta does to your returns at any given price.
Also – I override the price range to get an easier to use (and cleaner chart) – so for your HIMX trade, I used the range of 12.25 to 16.95 as the range – it will give you cleaner price points on the Y axis.
dang it – 1 should read override to the PRICE of the stock when you bought the option
Will do, Ian. Thanks for your time tonight. I became a better trader!
Great presentation on Trading Breakouts tonight Jeff. Priceless!
Totally Agree – now let’s find some breakouts to practice on
I third that. Another session bookmarked!
awesome and humbling. i need to create a better method. start using prophet charts again. clean up the busy ass ToS charts. the good thing is you can scrap all that useless backward looking oscillators.
So true. The approach removes all the noise allowing you to focus on whats important, makes things a lot easier to manage and taking the emotion out of it.
You guys looking for $75 on FB? I think we get there. Social media is going to make me a shit ton of money over the month few weeks. Knock on wood.
I have weekly calls from 54. The lateral range that it has been consolidating is around 6 points so 65 or 66 is my barometer, however, this is where I get anxious. The gapper is right in the middle of the breakout zone 59/60 and my target. I hate losing the momentum and hate the opening. I have to go to work so time and again, how do I manage this? stop under the breakout zone or sell order at 65/66? This part of my breakout strategy needs work. and it is emotions driven. The anxiety to give back paper profits because i decided to wait a bit longer. don’t know yet how to fully kick this bad bad habit.
INFI anyone? Has the OA look to it.
The 7 day chart does resemble the sentiment chart. Denial stage. Good luck if you’re in it! Put it in my watch list.
FIO also an idea. good looking setup with volume pocket up to 13.
FIO is a beautiful setup. It will be my first purchase this morning.
it’s a beauty!
What month and strike are you looking at?
Kinda too late now but I have the $11′ Febs. This thing took off exactly when i was buying them…lol
PHM beat! builders should do great today.
About to watch FB be inducted into the graveyard of hedges- Rage on OA!
If you look at FB daily since IPO we are gapping up right out of denial into returning confidence. I ain’t selling a single contract today. Holding Feb 60 and Mar 65.
Implied volatility contraction on PHM calls, bummer.
Autumnal – RE GOGO
A little more explanation on my advice. I’m mindful of what Jeff said earlier in the week about this partiular market. In 7 days I’ve been all red all black / all red all black FOUR separate times.
We’re trading high volatility momentum trades – when the market is good, it’s a little puff of wind – when it’s bad, it’s a 20 knot headwind. So while mindful of “more profits from winners”, I think that has to be tempered with “what if the market is reverses in 3 digits tomorrow. I think 80 or 90% attainment on a CONTRA play is something to be proud of.
My .02
Oh and on X entries, yeah I had < 0.50 on the 27's and 0.30 on the 28's. At .30 on the 28's returns are almost identical at target.
It’s quiet. Too quiet in here
+1 – should we be seeing the return of vol on the short term movements, youll need to shorten up swing time frames, and be much more nimble. take what you can get, recognize the changing environ on your trade style.
Huh?