The biggest tell at the table here is that our basket of growth names have only paused this week. Markets sell hard yesterday, these stocks pause. Market attempts to bounce here today, these stocks rip.
The action in these names will dictate the next 10% move in the market. This is why I wanted TNA yesterday. It’s action mirrors the behavior in stocks like TSLA, SCTY, YELP, P, KING, WDAY, etc.
Either way, this is an actionable battle ground here; long or short. The reason I am focused so heavily on these stocks, is that when the market moves, these stocks will move 3 to 4 times beyond what the market does moving forward. I hate being early, but its the cost to make the best gains on a move.
After hours, let’s revamp the watchlist for next week.
OA
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Picking up anything today Jeff or will you be waiting to see more action into the close to do anything?
I SHOULD PICK UP MY BALLS AND BUY MOAR CALLS
My balls are so swollen from the repeated kicks to them with a steel toe boot I have taken the past two weeks… But I like the pain so I may dabble in the CALL$$$ also.
Dude – your TNA buy y’day worked out just fine…..(^(*%^(*&^*(&^
You should add more fruit to your basket
Based off the last couple of expiarys, you’ll want to nab the stuff I’m long expiring today – they should scream on Mon and Tues…
Added SUNE monthlies and DD weeklies here. On Monday, all you have to do is re-post your Fat Pitch post from this past Monday, and you are set.
Just a single day off on timing, OA.
Wondering what to do… My TSLA calls AUG1 Weekly 230 snapped back today and are actually green. I am wondering what is best move. Roll out today or stay in? Theta is high at .36.
I think I get it now. TSLA moved earnings to July31 – Increasing August volatility. Volatility rising on my calls but is it enough to hold. Well today looks decent.
Sold it. Made my losses back 4.5K + 2K Good enough going into the weekend after a crazy week.
That SUNE fade just killed my last chance for a profitable trade this week – on to next week.
So is that short sellers moving in on SUNE or just profit taking on a successful TERP IPO launch with SUNE at highs?
TERP IPO’ed today, a spin off of SUNE.
Man, I didn’t get that entry in SUNE right today at all. Have others to balance it out, but my entries in some of these positions have not been good.
Come on, YELP…you’re soooo ready for another run here
Torn on Aug 16 WFM puts..getting bent at the moment, and prolly will for a week or so but have to feel this goes lower into Aug barring an earnings blowout
low 38s seems to be resistance
UNXL ripping
Realy wish sina would get off its ass and start moving
i went extra large on SCTY this morning in the hopes of powering out of my drawdown quicker. working ok so far.
Interesting spot on IWM. Looking more like a possible outside month on monthly to signal downside but today is forming an outside day on daily for more upside.
daily on the RUT
gotta love watching TSLA rip like crazy but don’t have enough time on the options. 🙁
SHORT EXEL…YOU’LL BE HAPPY YOU DID IN A COUPLE OF WEEKS. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$
EXEL is opposite of your description above, addict. Market rips, EXEL heads lower. Market drops, EXEL falls hard. Pump job on “buyout rumor” Tuesday was very short lived. In large @ $3.78. Target $2.00. Low risk/high reward trade
CNDO calling out to me here for atleast a short term rip, maybe moar
There are some big private equity names long EXEL (in various instruments). The heightened probability of a buyout/deal would scare me out of any short position.
trend day so far. Need to see a nice close and should set up well for the beginning of the week.
How in the hell is shorting biotech a low risk trade?
lol
GME is rockin!
CSLT catches my eye
Looking at SPLK and VNET into the close here. Any thoughts?