Shares of Pandora have surged higher today, effectively placing the heads of short sellers in a vise .
We found a great location to initiate a long in this stock on Friday, just ahead of a buyer controlled breakout.
Dan Nathan’s commentary last night spooked a few longs, saying…
From a technical perspective, the stock is hovering at key support, and looks to be about ready to exit the dreaded “Triangle of Death.”
The only death in Pandora here is those selling borrowed shares.
OA
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8/1 AVERSION lows!
passed on that trade. oh well. great call as usual, Jeff
anyone have a price target for Qihu? still holding 96 calls expiring friday.
OA’s target is 100.
Believe Fly’s was 115
As usual the market is ripping and I’m getting crushed in LULU.
You should sell here. If you are getting crushed, I’d love to see when you entered.
While not getting “crushed,” I’m wishing it would join the party (got in right before the pop). I was looking for a quicker ambush and only paid for Sept 5th expiry. The lessons are continually learned here.
YES, you should.
Are you selling LULU here? I thought we were holding for Sept?
I’m down 40% on my lulu calls, Sept 5 42s, bought right when you did. Holding, but amazed that short squeeze didn’t happen over 40
why all the panic in LULU?
A FEW WORDS ON TRADING STYLE
Live it, learn it, love it!
No talks of $YELP? (Jeff, same reason I mentioned $ARWA the other day)
I could talk all my shit that’s ripping here, but I refuse. When I score, I don’t dance in the end-zone. I act like I’ve been there before.
I still dance in the end zone.
Yes, but the rules are somewhat different for “The Fly”
I closed out my YELP calls for a 125% gain a few minutes ago.
Correct me if I’m wrong but the $ZU setup looks almost identical to $P. Hopefully the results are the same.
Uh-oh. You are on to me!
FUCK DAN. That guy sucks rocks.
The game needs change. Financial content is absolutely horrid.
selfishly, I love this, gives us an edge.
LOL true, but Dan fucking sucks. He is bearish on everything and has hissy fits whenever he is challenged. He must have blew his way to get on the show.
I don’t ever want to see Fly or OA on CNBC. That will mean your calls will stop working.
he’s a millionaire tho.
Not to mention the way in which he talks, the sound of his voice is disgusting. Its like the radio guy voice only even more put on and cheesy sounding.
Yoshii just R Kelly’d the P bears
haha
OA, you mentioned UNG for a long on a pullback…looks like it is near support on that pullback…is today the day?
Today is the day for me…in with longer dated $22 calls
Out NQ flat. May try again later, market more resilient than I expected today. Nice call on Pandora OA
OA
Great calls there. Do you like IBB now?
We did a full blown top down analysis of the biotech sector last week, in anticipation of this move that’s just getting started. So, yes. Love biotech here.
Yo Dan… Don’t be made because we squeezed it out.
(Song start)
haters gonna hate, lovers gonna love… I don’t even want…
None of the above I want to P on you…
Yes it’s true… I’m gonna P on you.
It’s so naughty… Short squeeze now P on yo body… Make yo face my portapotty…. Drip drip drip. P on you, yes it’s true.
lol… I love when CNBC marks aversion some awesome trades there. I should really pay more attention to CNBC to do the opposite…
Remember when Karen Finerman gave up on AAPL?
YELP is my new asshole stock. After 2 unsuccessful trade attempts back to back, I passed on the entry when i saw the alert monday. Of course, this time it’s a clean double and i’m left sitting with my thumb up my ass.
I’m there with you (no homo)
I’m wishing I’d have gotten into LNKD, green 18 of the last 19 days, would have been phenomenal, though I’d have probably skipped out for earnings.
$LNKD is my a*hole stock. If I had gotten in, it wouldn’t have this nice run. $LNKD longs should thank me.
very happy to sell weeklies in goog and yelp here. thank you.
what are people buying today? i entered some wuba and zu per OA.
I entered one from one of OAs list a few days back…I just mentioned it in the AHWOA chat section earlier today…see what you think. Its in an area of balance.
alright I will take a look, thanks yoshii.
yep perfect setup here.
WHAT THE FUCK IS GOING ON WITH THAT PIECE OF SHIT FIRST SOLAR!?>!?!
are you serious?
Jeff,
I almost booked gains in X, YELP, P, GOOGL, QIHU
But I went and re-read your article from sunday “A FEW WORDS ON TRADING STYLE” and realized I have to let the winners run!!!
Not touching anything even though my head is screaming to book gains!
Thanks for the article from Sunday!
Any feedback for the laggards – CRM, LULU, VNET!
Sold 1 of 2 $GOOGL weeklies now @$2.55, from $0.75 yesterday. 300%+ Thanks for the lead, OA.
that was pretty sweet, I was wondering how you’d fare on that one.
KING getting crushed (intended)..did you bail on the AUG 21 calls?
Err…these calls were toast long before this.
For a fri. thrill SUNE 21.50s with a 22 kicker .
Taking some of NUE =150% off
Liking WMB
Still short and added to SBGI…target 27
ARWR had mixed earnings yesterday…breaking out of downtrend line now….in for Sept 12.50 calls here..
NUGT is a weird one, moved 3% my way so far and the option has barely budged… stupid liquidity.
My portfolio is experiencing an erection that has lasted longer than 4 hours. I’m currently on hold with my doctor.
Matt bear, do you have VXX puts? Looks like that could have been quite the trade this week.
sept 30’s
Nice one. Is this just sort of a permanent strategy of yours to bet against VXX on pops via puts? Seems like pretty easy money in the long run to bet against these sorts of products but I am a bit hesitant on doing it with options. You seem to do pretty well with it.
Watching IFON for stock entry.
Did someone just push the panic button on LULU? Are you really selling LULU here OA?
thnx
lol
Don’t sell your Lulus. Dat ass looks too good in them. (no homo)
The way I look at the world if you get above $41.07 on LULU it is going higher fast. That is 5.9% from right here. My 2 cents for what its worth. Still holding.
Above $38.50 is bullish also.
Agree. What expiration dates are you using?
I went September paper for the first move, but also took a stock position to ride the way out to a longer term target.
I’d check out estimize for lulu earnings in sept. The higher ranked (including the highest ranked analyst) have lulu beating. With a 30% short float I really really like the weakness.
Seems like a great day for more LULU
AMZN …most inexperienced traders will
shy away claiming a missed breakout….not true and in a risk on market can hit 340 by fri. ……….weak market and risk still on 337
Got a trade here? If you want a challenge, why not lay one out rather than dance around it?
Are you serious sonny ?
What are the rules ; I’m game and the loser donates to ?????$$$$ to the others’ fav charity .
That was you calling me out about a few AMZN comments I made, yes?
My target is 340
And then you can short the living sh-t out of it.
Jeff, are you still holding $ANGI. I am about to capitulate. It’s getting stale on my current position banner… Oh, guys, feel free to use me as an (contrarian) indicator. Along the same line, $XIN — well at least that one’s in my IRA and I don’t get to see that eye sore very often.
Am I still holding my July calls?
Sorry. I lost track. I am holding shares.
From what price??
Jeff, at what point would you consider putting on a hedge?
When the market has extended itself. Our conversations about hedging are usually very timely.
In other words, today? Market looks pretty extended. So are my, shall we say, unrealized gains….
Hey, a hedge is built to lose anway….so lose away.
Thanks. Wish me bad luck.
Is LEJU & EJ forming a cup & handle? Thoughts?
CORN is looking interesting
Very limited upside – USDA yield numbers are too low
Unbridled winship.
You’ve been challenged :; see above .
http://replygif.net/1418
CYOU should finally do something soon, nearing that resolution point…
NUGT!!!!!!!!!!!!!!!!!!!!!!!!!
Thx for the support on Jazz. Its ripping today
My first OA Trade, P sep 26 call in at 1.52 sold at 3.40 .. Thanks man
High Five!
this P is getting ridonculous. kinda want to bookem. Thanks OA
Wasn’t $28.50 the target..? That’s what I remember, anyway.
I booked YELP calls, because I don’t know what else one would do with a move like this. My target was $74-$75 – for the guy that says “HEY OA, I THOUGHT YOU SAID LET UR WINNERS RUUUUUN.”
$P has a boner of all boners. Popped straight up into the face of Dan “The Nose” Nathan.
Long $ZPIN 13.95 and IFON 2.36. Part of the reason of choosing stock is to force myself to ease up off of options for a bit.
anyone gambling a little w proceeds on SINA earnings AH
some puts?
FSLR Yolo anyone?
Like the entry way up here?
Consolidating at the highs, with the pocket above.
speaking of Dan’s, is our Danny still around here…I don’t think I’ve seen him post recently. Hopefully just on a vacation or break.
Was wondering about “Danny1980” recently as well.
how’d you get that price with N?
I got in before the chase I guess. I got some at .30 too
Jeff, more cowbell please!
Great calls OA! Any targets on ZU?
Thanks!
Yoshi, speaking of Danny, whatever to Lanforce?
I don’t know, its been several months now, but I miss his enthusiasm/risk:reward analysis. I’d pony up some dough for his membership if that’d bring him back.
Whoa junior , called you out ? What is this ; bared ass mud wrestling @ the Salt
Lake County Fair ?? LMAO
I’ll mud wrestle you, Franklynn.
a “vise” grip short shoutout and the stock stayed up! curse is broken.
I see what you did there with the AHWOA recording. Lulz. Priceless OA. Keep em’ coming.