I stepped in here with a June option, planning to risk most of this premium. If there is a bid for high beta from below, this is a good spot to manage.
Have a pleasant weekend. Great show out there this week guys.
OA
Update: This is pretty epic if you look hard enough…
Aversion ftw!
OA, that WDAY is there, man.. Here is a GLD sentiment doodle I made on Wednesday. I’d love to read the team’s opinions on where it sits. Subtle Warning? Just above Panic?..or somewhere else? http://i.imgur.com/TkwjrTf.jpg
I’m thinking panic is next…
thanks OA for all the great ideas this week.
finally sold the last of the LNG around here. i think the triangle called for a 8-10 dollar move. close enough!
NAILED IT. Great job!
nonstop it keeps going. one of your best calls this year.
Just needed correlations to break down to start picking stocks again. Glad we’re back to a normalized current.
Nice
WDAY also on the 5 day hold OS screen in the PPT.
I likes.
That extra nudge… I’m in!
All of these retests are holding, which is a great sign moving forward. It’ll be interesting if these pullbacks settle for a couple of days, or go right back to going back up.
took a June SSYS, but possibly jumped the gun on it. DDD might have been better right here, now that secondary news is outta the way.
Mattbear, got any one hour yolo ideas?
Looking for EXK below $3. Au around $1000 and Ag around $15 makes more sense than not. A complete rout in the metals should decapitate Ag. Then we’re talking $10.
Aapl intraday looks good here
that AMZN woulda been a nice hourly yolo
Long June 13 FB 65s. Yea, letting call profits in FB SPWR ride. P calls are new for me, though.
putting WDAY pn my short list for next week.
Already down over 10% from Wednesdays high. Awesome entry point.
not saying I am going to short it here. will wait to see what it does next week, but preferablyI can short it higher.
actually their REVs is growing quite nicely and they are not losing as much money as some other SaaS companies. might be better tech shorts out there…
are*
Positiontrades – you are a Rookie – Kids playing in the market will get crushed. Look forward to taking your mickeedees monthly wage next week!
Over and under on whether WDAY takes out the May low in the next 30 days. I will take the under.
Oh hey Blue Star, wonderful analysis. Oh wait…there was none.
Paitience…patience. All in due time.
Yeah seriously, are you short this stock? Nothing personal, but I think a lot of bears are going to be caught with their pants down if we rip higher next week. I sense complacency setting in from a lot of bears I’ve heard and read.
Short yes. Fun Fact: WDAY has a market cap of $15 billion. When CRM had the same Revenue run rate as WDAY in 2q of 2007 its market cap was $5 billion. Valuation suddenly matters. Best of luck to you. That is a 66% difference.
Geez bluballz – how’s those AMZN and CRM shorts. Since you posted they been climbing the wall of worry. How much are you underwater??
I am Short amzn at higher prices. if you read my piece carefully i said not to short it now but wait for rallies. CRM i am not short and I also said to short the rallies but that the story is over long term.
WDAY is right there in denial before it zig then zags one more time then rips up (returning confidence)
might still be time to get in calls on Monday
Seeing a lot of charts with that look OA. May they all rip up and out, slaying the bears once again.
Traded aapl twice with 635 and 632.5 calls in the last hour into expiry like a degenerate gambler. Netted nice % but just dinner money.
Love the avatar.
Thanks! Courtesy of OA
Lmao. You love that final hour expiration play now.
you got me hooked!
You’ve got money short this stock here?
Got me some JUN calls into the close.
Chart looks nice.
I like the prospects for WDAY from here. Thanks for the heads up on it yesterday.
XLS allow me to pump my stuff…to the upside
Sold my IBM 185’s for 162%… Not much but market seems weird. Selling into strength
fwiw – still riding my Jun 650 AAPL puts, Jun 30 NUGT calls, Jun 190 SPY puts…..
and NUGT weeklies suck btw. never again.
CELG and BWLD look like they’re in a good spot for a move up.
this morning feels like doubt. everything mildly down so people are nervous…then when lift off happens late this afternoon everyone will be like “aw shit i missed it”
Long one June 21 JAZZ 155 call here.
i’ve never had good success using front month calls on Fly picks. He’s a 3-4 month guy.
Ah. Good to know, thanks. I like what the daily is doing the past week and bought this for a pop to 152.5 or so, not his 175. I’ll watch a lot closer though now.
Love how the Russell his showing a big ol tail.
Bot TWTR $33’s Bot WDAY $80’s Bot ATVI $21’s for next week. Almost fully leverage; went long SINA stock and bot some speculation in FSPM
Same on $TWTR but June 13 34.
Me thinks the bottom is in in $SINA
me thought that a few times over the last month. i increased my position last week so let’s hope i’m right this time.
If you missed the retest in SUNE on Friday… better grab it before it goes.
oh WDAY..what a day!
Damn it I hate bad entries!! Worse than bad exits
BALT is getting back down & real close to that trend line…
maybe it’s a biased viewpoint of mine, but 3d printing stocks seem to be setting up, starting with DDD. ONVO is hanging out. SSYS has retraed half its breakout, hoping it doesn’t retest 90. XONE has put in an equal low, but isn’t anything to brag about here. VJET maybe creating a base.