iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

Yes, I am Still Long

I managed to close out February in great form, knocking out wins in stocks like QIHU, PLUG, CNTF, KNDI, MOBI, NVLX, KUTV, WBAI, etc. This helped me get past the large number of options positions that expired worthless on me. A personal record of sorts, since my last high total was 7 positions that had imploded on me. I position size for this, obviously, and despite the constant discussions about how critical position sizing is in options, I think at times it falls on deaf ears.

I am back in a zone again, but this time it feels a little different. Like the market has knocked the wind out of a lot of people. As usual, right when things feel at their worst, this is usually the most significant point of opportunity.

Thus far on the day…

My biotech names are absolutely crushing it: PPHM, OXBT, ROSG, CORT…

My stock positions are insane…DANG (+95%), MY (+45%), GOGO, RENN, CIMT…all ripping.

My options are looking great, booked SOHU…holding BAC, AAPL, GME, MPEL, RKUS, NOV, YOKU, etc.

My top picks: SINA, SODA, LNKD

And most importantly, I am back to account equity highs for the year, in short order. As you know, that’s how it works.

Good job guys.

OA

 

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61 comments

  1. halloweenpleb

    Mea Culpa

    just got out happily from RKUS. was using margin money and needed to settle.
    so i took my +50% smiling. Thank you again

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  2. TheDutchTouch

    Should have went with a recent picture of Mr Jeremy.

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  3. ryans

    Closed out DANG March 11’s today for an obscene gain. That was fun.

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    • comella

      Nice… What percent did you get?

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    • DaJuice

      I’m so bummed I let the Feb 11’s expire worthless and didn’t roll into March…I too would be back at all time account highs if I had done that.

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  4. twinkies

    YGE bloops keep getting sold into.

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  5. budh

    bot XOM mar-95
    bot SWY apr40
    bot YGE apr7
    sold GOGO mar22
    sold BAC mar16 (still have June17’s)
    sold 1/3 my RKUS calls

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  6. twinkies

    tough watching my lowly marijuana stocks languish as VAPE and MNTR blow the roof off the place. absolutely crazy action in those things.

    i’ll just twiddle my thumbs until its my turn.

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    • sandwich

      I feel the same way… When does MJNA get going?

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      • yoshii11

        well, I think there are valid points about some of them being very suspect…even some of the tickers I listed earlier today…now that I’ve actually read up on some of them. They’ve had some gains, but with some of them changing their names and just filing for patents, etc…its fishy stuff. You’re probably in the legit stuff that will just take time.

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        • sandwich

          I agree, this was the only I could trust and it is already making a profit. Most of the other names I came across don’t even have financials.

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  7. ferrari321

    f*cking beast … great job OA

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  8. widespreadpanik
    widespreadpanik

    OA if you had fewer positions and didn’t let so much stuff expire at 0. Working guys like me possibly could follow you. IN the GOGO calls and HD calls made for a nice Feb.

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  9. danny1980

    Portfolio up 40% last two days! Ahhhh I missed these days

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  10. Quality Control Inferno
    Quality Control Inferno

    One of my few complaints today: KBH was unfairly sold off on the back of Hovnanian. This looks like a huge bear trap. Adding Aprils tomorrow.

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  11. matt_bear

    I had a large core position BZH that I sold out of yesterday. Along with KBH, it looked like they got to the top of the consolidation range but had no breakout juice so I bailed. I think you’re right though and April will be their time.

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  12. tmamoyac

    Jeff are you still in lulu?

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  13. ecchymosis

    DANG CFO resigns; stock down 5% premarket

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  14. green machine

    $PXLW – Discussed in AH 2 days ago.

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  15. green machine

    Bot $IPCI at the open.

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  16. blammerss

    $ONVO gittttt that pop!
    Gonna try to join AH today! Been swamped at work- see ya’ll later!!

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  17. malloyo

    Apparently earnings aren’t the only landmines with $P Didn’t know they were going to release Audience metrics this AM and tank… poof goes the profits

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  18. leor2d2

    Hows this for a 3 day trade? <3 you CUDA! http://vvcap.net/db/FxwdEsOUOhUzW9ZQtIUL.htp

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  19. yoshii11

    closing some KEYW march calls this morning…and I’m in CBDS, but I admit it doesn’t really look legit.

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  20. sandwich

    Got me some AKS and CX March calls t the open

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  21. yoshii11

    adding to ISRG here…feel like I must add to position below $448

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  22. twinkies

    anybody getting into $Z this fine morn?

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    • sandwich

      Just gonna ask that, I’m ready to pull the trigger … Just waiting for a good spot

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    • DaJuice

      I got into the April 90’s at 3.50

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      • twinkies

        just got in at $3.30

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        • yoshii11

          +1, the enthusiasm here is pulling me in. hope this pans out for us.

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          • twinkies

            i don’t like paying for such expensive options… but i couldn’t resist the setup. I’ll probably keep a pretty tight leash on this one.

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  23. bear54

    OA

    Thoughts on the KBH trade please. When can we assume it is broken. Of course am happy for the other trades 🙂

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  24. matt_bear

    i thought i would be a baller and take the quick 60% scalp in MNTR a few days ago and re-enter. I missed my chance and boy is she gone now.

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  25. jacked rabbit

    Lemme tell ya, the legend of OA continues – BAC up 8% in three days!

    Looks like I picked the wrong ticker that begins with an S and ends with an A – happy with SODA though! Thanks a bunch!

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  26. halloweenpleb

    crap,
    i had a sell stop on my SINA calls for a hypothetical 200% gain. It just got sold. LOL . I love those forgotten trades

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  27. sandwich

    It’s so hard to hold a position sitting at +700-1000%… But they just want to keep going up, and there’s over 2 weeks of premium left.
    Good problems

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  28. green machine

    Got some KBH April 20s.

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  29. managerlou

    Wow, pinch-explosions and bloops all over the place!

    I got into the BSPM and SINA rocket ships yesterday. Sweet.

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  30. DaJuice

    Thank you SINA, back at account highs.

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  31. charlie

    Solar healthy today. SPWR throwing the late-comers a bone right here.

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  32. jacked rabbit

    Booked 150% gain in TSL calls for four days work. Thanks OA! May be early but I’m still trying to recover from a rookie Feb…

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  33. sandwich

    Why did I sell SFUN yesterday? (punching self in face)
    Hold your winners!

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  34. twinkies

    YGE… lift off.

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  35. danny1980

    Feel like I’m being accused of putting a cheat code in while playing the stock market! Only thing is I am cheating by using the great and powerful Jeff Kohler aka OA!

    Portfolio at all time highs!
    Yea I think that’s testimonial material

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