Markets are under light pressure this morning, but one might not notice this depending on what he or she owned in their trading portfolio. Today’s melt-up move is in WB. Most folks avoided this name as it seemed to avoid last months Chinese stock festival. However, you know I like stocks that lag, avoid, or fail to participate in moves in certain situations. Now, patience has paid off a bit and these calls are starting to work.
I’m still away from my office today, visiting the happiest place on earth. We’ll meet quickly for After Hours with Option Addict later today and discuss ideas for the week.
I bought CRTO calls for October and am thinking about shares of MY.
Make it a great one,
OA
If you enjoy the content at iBankCoin, please follow us on Twitter
What is happiest place for you?
My office.
OA – Thanks for the reminders to hold last week. I just sold all WB calls for +250%.
High Five homie.
Very well said. I m not full time trader but when i go to office, i feel great because i can achieve/learn something.
Had a couple $WB Sept 22s and had a break even sell order in for them – triggered today. Could have made a bit more but don’t care, better than expiring worthless. On to teh enxt trade…
Still trying stalking an exit in that AMBA Sept 30.
nobody gives a shit about lulu or retail right now
so who’s going to be rushing to buy Thursday?
want to dump this but I’ll kill myself if I miss a 1000%er
This stock has absorbed every ounce of bad news for the rest of its publicly traded life. This is a generational bottom in this stock. I’m out in public right now and all I see is LULU pants, being stretched to their absolute capacity, all around me.
with all those LULU pants arounsd, you really are in the happiest place!
LULU has something kinda cut like a board-short, that I’ve seen a couple of young males at my gym wear, so they’re beginning to at least grab a little traction in the hetero-male arena. All the old-timers still rock UA pretty much exclusively.
Don’t be so sure the boys wearing LULU at your gym are representing the ‘hetero-male arena’. LULU penetration of the male market is thankfully small. UA isn’t old-timer gear. LULU would trade its ruby slippers for UA’s demographic.
after seeing some of the sizable women that wear those LULU pants… it is truly a material sciences engineering marvel. As OA stated, “stretched to absolute capacity”, and then some.
Almost a “painted on” look.
correct
Thinking that the stretch target for WB is gonna be around $22.50 if it broke above 8/14 high of $21.48. Too aggressive for next week strike, OA?
No, I think you’re good.
Volume’s with this move on $WB.
Watching $APP if it can hold here and reverse on some volume – it has really nice balance for a cheapo stock.
Tower of Terror!
OA, I’ve got a YOKU target of 24 by Sep expiry…would you play it any differently or have a different target if you were already in Sep calls from yesterday? maybe it pauses at 22, so would you set the target there instead or do you think 24 is a good target?
No way. Great timing. I’d play the same way.
Ok thanks. nice call on MKTO, I wish I’d have played that one. cool to look back at the chart and see the lighter volume as the range was tight when the call was made, and then to see this recent explosion.
scok is another melt up ( i hope someone beside me enjoy this long called name )
Wow…GOOGL’s back in the low 590’s.
I might get an entry point today.
597.5 yolos
MNKD has been super quiet lately. Think there is a trade there OA? Seems to have some nice structure in the past month with lower vol and nice orderly consolidation.
$TRIP 102C
$TSLA 270P
$LULU 40C
Rage on OA!
Anyone taking a flyer on a surprise upside for apple?
Every thing I’m reading is people saying fade it today.
Don’t like the little doji on AWAY
Thinking about a GOOG entry here? What do you think OA?
Thnx!
Close…but a wee bit lower.
Just a shout out — What up Jeff!
Aapl weekly 105’s are trading for 43 cents. Christ that is expensive.
Blammers….HOLLLLLA
MJ wore a pair of non air jordan’s on the court one time….can you guess who they belonged to? 😎
hint, no diggity, no doubt…right?
Dude, been waiting for the answer all day.
my guess is the piano player from this video: https://www.youtube.com/watch?v=3KL9mRus19o
Penny H?
Some of these biotechs are looking good to go pocket hunting (CLDX, HALO, SGEN) next month.
Hi OA, What do you think GILD here to pick up ? I sold it and wait to back in.
Be a buyer of weakness in these stocks.
Thanks !
Just sold my PANW bought same time as FEYE. It wasn’t near as profitable, but I’ll take it…not going to play it through earnings this time.
apparently the market likes apple watches.
and apple pay
…or not.
Market loved Apple pay and hated the watch.. the chart matches the announcement time perfectly.
I guess you could say that the hatred for the Apple Watch was slightly greater than the love for the Apple Pay. 🙂
struggling with FEYE. feel like no matter the choice i’m going to screw up. The chart looks good for a move higher. Although the original target was only $32 and i’m up like 350% so i’m tempted with securing the win.
Same here, up in after hours by 30 cents form close. Could get another chance to lock in profits tomorrow.
i had $4.40 in the bag until my boss came into the office. Next thing I know it was $3.75. Expensive conversation i had. I’m out though at close to 300%.
It’s always so awesome when a co-worker visits at key decision points. Kind of like kids knocking on bedroom door as your wife is about to climax.
I make it a point to say, “You know, this conversation just cost me ten thousand dollars. Thanks.”
Ha. The nerve, your boss interrupting your day trading for work-related nonsense. I’d quit personally.
Any one taking advantage of the SUNE dip?
Same. I was pissed for not selling at $34 when it retested, but now that it’s back up and looking strong, I’m hesitant to sell.
time for $SINA to take off
AAPL was quite the emotional roller coaster the last time I was in options during one of these days, glad to have been on the sidelines this time around.
Little mad I didn’t buy an extra week of time on those AMZN puts. :\
Bought IMMR
out of QIHU puts with 94% profit.
$vnet crushed!
Are you guys playing SCOK?
K-Mart socks.
Damn TRIP just punched me in the balls. Who is holding this crap?
Me
Bought Oct puts in $P at the close.
Couldn’t see the poll results on the AHWOA recording…just that we flipped bearish. Anyone remember the percentages?
68%?
Wow. That’s a pretty large swing. Gives me a certain level of comfort…for now.