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

X-MAN

Headlines are piling in for US Steel in after hours trade (no jinx).

*US Steel Reports Strategic Actions, Offers Updated Q3 Outlook – Shares up 7%

This is my third largest position and has now blown past its $42 price target we set back at earnings. Enjoy the move, we have a monster runner here.

OA

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34 comments

  1. DrJ_MD

    Just an incredible call Jeff. Still have Oct calls after booking monster gains in both Aug and Sept. Unbelievable. Muchos gracias!

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  2. matt_bear

    I took delivery of some shares, but I’m not nearly big enough to take a full delivery of the entire original option trades.

    None the less. Hell of a call. Trade of 2014 for you most likely. Although there’s too much time left on the calendar and you’re a dangerous man.

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  3. Juice

    Jeff rooles… an original thinker … truly a special teacher

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  4. k_melancon

    I think he wants to repeat this with FSLR

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  5. gatorsun

    X all I can say is thanks Jeff ps,ZU upgraded after hours to 44

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  6. operator1

    Congratulations sir. Nice trade.

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  7. project_pat

    Jeff, congrats i know big win for u. i hold October $40 X. I think i may exercise actually and hold commons as a LT investment. Also, I know we talked about it in AOWOA (3D stocks). DDD: IV is low as hell. If Janet gives me the go, i think i pick this up. Also, got some defense/aerospace stock ideas for tmrw’s session. Pumped.

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  8. dazedflip

    OA, what do you make of FANG?

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  9. jon v

    All I have to say is don’t underestimate ZU. Anyone else think it can get to $70 again?

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  10. marketmaker101

    Hi OA,
    Is PCLN worth a shot here?
    Thanks!

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  11. bchu

    Jeff, did you ever establish a position in NMBL?

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  12. halloweenpleb

    I beg you don’t pull another YGE. I wil be heartbroken.

    Cheers

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  13. Trent

    Jeff. This is my biggest winner I have gained from being a part of this crew. I started in July and bought October 28 calls in X. 1000% move or more now. Can’t thank you enough, so I will just pose the question.. Do you still think this has A WHOLE LOTTA MO BALOBOA, or would you bank this one and move on to find the next X from here?

    Thanks again my man.

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    • only

      The volume profile peaks right around 44-45. I might stick around for a bit to see if it overshoots on all the good news and upgrades, but I’m not looking to hold long-term. If you go back and look at 2010, it hit 65-70 a couple of times but it was also swinging back and forth over a $25-30 wide range.

      That’s a long-winded way of saying, “I’m going to wait and see how it behaves at $43-45”.

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  14. Bruce Keller

    Wow great job!

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    • Bruce Keller

      I gotta admit I screwed up royally by not getting X after taking a bunch of burns from other ideas. Before that was KING. I was perfect at not picking the 2 big winners and choosing all the losers… that’s why I kind of went by myself after… well and other stuff. 🙁

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  15. Option Addict

    Yeah, I noticed. That’s the fun in options. Pass on the winners and yolo yourself into losses.

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    • cheesetrader

      That’s my Waterloo….

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    • k_melancon

      or listen to other suggestions in the comments and try to invest in all of them and then have Janet Yellen give testimony to Congress and then sink every single one of your positions into the abyss as opposed to picking a few quality positions and managing risk….

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  16. UncleBuccs

    Liked the look of AEGR the best from the watchlist. Went ahead and took a stab at it this morning.

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  17. k_melancon

    Sold out of BRCM for +200% – thanks Bluestar – will look on rolling into next month

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  18. k_melancon

    Chop chop chop chop chop chop

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