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

Taking a Few Bites

I am in risk-on mode from the open, holding weekly calls in BIDU and FB. I also have a stock position in MY, watching these cheap high beta stocks hoping they can start holding gains for more than a few hours.

Next up, I’ll be buying weekly calls on AMZN later today. Just waiting for slightly lower prices. Keep an eye on the comments section for details.

OA

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24 comments

  1. danny1980

    Whewwwwww!!! He’s back!!! I think you’re starting to regain your footing Jeff

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    • Option Addict

      Three weeks of good predictive movement of our ideas we’ve been setting up. Our conditions have normalized a little too, which helps a ton.

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  2. bchu12

    let’s hope…this time its different.!

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  3. Dr. Fly

    is that an Indian Bengal tiger?

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  4. C. Montgomery Burns
    C. Montgomery Burns

    Is that Richard Parker?

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  5. Option Addict

    In some AMZN Wkly 302.5 calls here. Like this as low as 295 for this week.

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    • bchu12

      best of luck OA. I’ll be saying a prayer tonight for this Monday rally to hold this time. my portfolio definitely needs it.

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      • Option Addict

        Just trade. Long/short…there’s movement out there. BIDU and FB are making money today. How about that PCLN we talked about Friday night? Monster today.

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    • hesitation_marks
      hesitation_marks

      got these at low of the day. so long FB and AMZN, and short the fruit around 607.

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  6. purdy

    FSLR might be working on a short term bottom …possible right shoulder – 30 minute by 3 day chart

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    • Jacked Rabbit

      That thing looks ready to go. Alright, alright, alright…

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  7. hesitation_marks
    hesitation_marks

    DDD’s bollinger squeeze on the daily looks primed. it is a ‘quiet’ chart, just like SINA.

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  8. max_rene

    $YGE has a good day. Maybe the 4$ call with July expiry I got a few weeks ago will be in the money..a lot of calls we purchased a while ago are now cheap with low volatility..grpn,dang, jazz et

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  9. BoilMeImIrish

    Followed in Bidu and already up 100%!! Good stuff OA

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  10. chiefton15

    a flip flop today with the IWM/QQQ leading and the SPY/DOW lagging. Very quiet day for me but my line in the sand before I get really bullish is break and close of 3620 in the NQ

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    • bchu12

      nothing special. same action as last monday. a bigger surprise will be if the mkt does not sell off tomorrow.

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  11. yoshii11

    ILMN was coiled, breaking out today, anticipated but didn’t trade it. bummer

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  12. azulgrana

    just thinking this is when im most likely to get caught flat footed and see mkt rip, after getting exhausted watching it chop heads off exploratory longs..

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  13. lplongo

    DDD Aug calls are cheap and good spot on sentiment chart.

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  14. chub

    same ol reaction as every other rally. Don’t get why people were saying yesterday felt different.

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    • Option Addict

      I think most people say that because stocks are moving independently from the market here. Take our AMZN trade from yesterday as an example. Correlations are starting to break down a little.

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  15. Jolly

    Thoughts on UA? Seems to be consolidating nicely.

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