Last night in After Hours with Option Addict, as a group we collectively dug up a few chart set-ups, voted on them as a group, and selected one to execute as our “Trade of the Week.” We’ll be doing this on a weekly basis from here on out.
The idea was GME, which I executed with the group at the open this morning. I opted for Mar 39 calls, but the stock is ripping here, about to breakout. Great set-up guys, let’s see how quickly it hits our target.
OA
If you enjoy the content at iBankCoin, please follow us on Twitter
I’m in it
Took off without me, if it pulls back some i’ll hop in
Looking at KBH here, having a hard time reading the play on it–my thoughts are if I can’t read it, I should just hold it.
Anyone else have thoughts here?
Had to do it: sold out of SFUN mar 95’s for a nice and long overdue +700%
you are killin’ it lately…and have posted some nice entries..account must be blowin’ up. congrats
Thanks, March is off to a good start but I’m actually still down for the year… February was rough.
I mentioned VAPE at $13 when CEO of PHOT left to start this venture with a few other key players in the west coast weed boom, VAPE now at $30+
I was with ya zook. Just closed my $VAPE position at 33.8 from ~12.5 entry last week. Unreal move.
Long KIOR here
Jeff,
I understand IGT has a median price of around 15 as you stated in Monday’s video. But traders should be aware that the April 17 calls are .15 X .20 at the moment and 18s are .05 X .10. A move up into the gap could push these options up a nice percentage and there are 44 days left. Just my 2 cents. Thanks for all you are doing.
Did you see my chart of that expanded gap view over a 5 year period? The stock gapped over a huge range it had traded in for years.
Yes, I saw it in the video and agree with you on that. But wouldn’t a one point move from current price up to the bottom of the gap at around 16.25 move the 17 and 18 April options?
yes, it would if it happened quickly.
Go $GOGO! It jumped through that little volume pocket pretty fast. I’m watching to see how it reacts to $24
Hey Jeff!!!!
I’M SMILING
RKUS IS GREEEEEN
Also GME was running away from me. so i finally broke and got the MAR 39 instead.
ALSO GREEN.
Rats – I missed it! It’ll be interesting to see how GME goes. Even when folks get out and the profit each of you get. Great job all!
slept in… missed GME too. looking for a spot to jump in and join the party.
TRQ be playing with my emotions and I have ice water running through my veins.
Jeff and guys and girls, I need help. I have GOGO March $22 calls and I don’t know where to take the profits. The volume pocket ends here at 24 and it looks like that’s the highest volume resistance level on the chart. Thoughts?
Let’s see how it responds to $24 here.
at least you’re in a better situation. i did covered calls on that sucker last week and now it is shooting up. cannot get out of my cvrd calls and i pray to the gogo god to keep that sucker above 24 till march 22.
i was in stock from just above $20 average cost and sold the break out here. I’m taking an assumption that we are at the top of a triangle, and i’m hoping for a re-entry under $22. Ideally i’d like a drop on earnings so the IV can make for cheap options again.
Had the same calls, and dumped them as price argues with 24. Still holding common
I closed half at $24. FIFO
closed half my March $GOGO $23’s at 2.50. entry was $1.05. feeling good!
now if we can just get $MPEL to bust out i’ll be on cloud nine.
Still holding full GOGO long and calls. I want 25 but may not get it today.
MNTR!!!!!!!!!!!!!!!!!!!!!!!!!!! WTH? I bought it yesterday but good lord. Is there any reason for this run up?
hempmania…several have had big moves, some here look actionable if you like risk and have speculative funds: CBDS, BRDT, TRTC, MWIP, REFG…and EAPH for the most speculative of this list.
Update: not all of these that I listed…look legit, after doing some research.
I took about 40% off of my position today to lock in around 120% gains. Playing with the casino’s $ now.
@greenmachine – check out IIP.un – Looks like the kind of setup we look for.
Great balance, not a bad divi.
Easy to manage.
tx, I likes easy to manage.
Did you see that I was a week early in my March Madness Stock pool pick – ARWR +26% today. Bummer
Jeff, I knew what to do and when because of the knowledge I have absorbed from you and now my account is at new all time highs! thanks.
Great work Hattery, you are a machine.
011010010110111001100100011001010111010101100100001011000010000001101110011011110111011100100000011011000110010101110100001000000111010101110011001000000111001001100101011010100110111101101001011000110110010100100000011000010111001100100000011101110110010100100000011100100110111101100001011100110111010000100000011101000110100001100101001000000111001101101000011011110111001001110100001000000111001101100101011011000110110001100101011100100111001100101110
http://www.roubaixinteractive.com/PlayGround/Binary_Conversion/Binary_To_Text.asp
much better…it was giving google translate fits
Finally got some SINA, last week of mar 75’s
AMZN yolo 385’s for .20
Would you take gift and sell SWIR mar 22.50’s here? Any input is appreciated
hard to say, I’d say hold…dang is the gift that keeps on giving…all gifts should aspire to do so well.
I wish I still had SFUN… I cant believe DANG is still flying
I took BSPM and ONVO out for a spin.
Really wanted in that GME but missed out for now.
Man, I need some YGE too, how can i pick it in march madness and not actually own it?
Eff it, buying spree.
Bought SINA and YGE. Price and stop targets picked out, here we go.
What’s up with SQM ? Jumping all over the place.
Great work on GOGO Jeff, thank you !!
Sandwich day for the solar bulls.
I think DaJuice is going to overtake me in the tournament…FSLR looking fairly resilient. Given the solar action today, can we sub in a new proxy?
It is close, isn’t it?
nice avatar, not even today’s rain clouds are holding you back.
“Makin the tears rain down like a MON-soon
Listen to the bass go BOOM
Explosion, overpowerin
Over the competition, I’m towerin
Wreckin shop, when I drop these lyrics that’ll make you call the cops
Don’t you dare stare, you betta move
Don’t ever compare
Me to the rest that’ll all get sliced and diced
Competition’s payin the price”