The all powerful BABA has printed! Let’s move on…
Markets are weak on this special occasion, but there is a significant difference in today’s tone versus Monday’s tone. As I have sat here watching all market action unfold in front of my eyes today, there is one and only one thing that matters heading into the close today.
In After Hours with Option Addict on Monday, we looked at the individual performance of stocks. Specifically, we looked at the names of stocks trading higher on Monday, and then looked at the names of stocks trading down more than 3%. Nearly every growth stock was down more than 3% on the day in that sell-off.
Use the same template for today. We’ll digest this all after the close as we build our watchlists for Monday.
I am long of Russell futures here, GME Oct calls, and ready to grab some Oct P calls possibly.
OA
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I’ve received 3 emails in the last 30 mins of friends of mine who are buying SPY puts. I bought GME also. FEYE is interesting here as well.
bearish all time high pattern?
lulu and fslr down. buying more then.
VMW looks good here bouncing on support
Would one be crazy to short BABA here?
Do you have an edge?
ARWR looks juicy right her
even on the selloff, some of the first snapbacks were these FEYE/DATA/PANW/SPLK names
FEYE showing signs of life
OA- Would Oct 3 80x for YELP be worth the play? Selling for a dollar. I am more of an equity trader so would like your insight for this play. Thanks.
I own calls, and am bullish on these here.
i like the aegr
Jeff- I’m curious about your last post when you said you raised cash for a private offering on $VSLR but it fell through. What happened? Did nobody want to sell any shares? Difficulty matching bid size? Thanks.
There was to be a “friends/family” private placement earlier this year. It was cancelled because word got around that many guys like me were trying to hustle their way into it.
I got in early.. What up.
You did?
Invested in Vivent as a whole
But what about Vivint?
Typo. yes the security company that owns the solar business
I’m interested in the solar play, but they’ll benefit from how well the stock does.
You know they (Vivint who is 100% owned by APX Group Holdings) formed Vivint Solar in April 2011 and then sold it to Blackstone in November 2012 for $75MM? IPO price set at $16-18, 105MM shares outstanding, market cap of almost $2B. Not a bad investment $BX.
Sorry, that sucks, but it sounds good for future demand of the stock.
In other news, Dan Nathan sold an SPY put butterfly condor triple levered crack spread for a profit.
Agreed. I jumped in GME this morning, but amid the risk off sell off I pulled my best Fly and bought some CPL as a counter balance (as a long term play). May be piling into the boring stocks you mentioned last night as well.
OA, any way of making AHWOA subscription payment via bank wire transfer etc or some such? Don’t have access to PayPal here and online CC authorisation is a hassle from my country of residence.
Email me, we can figure something out.
OA
Do you see N going to 100 by Oct?
Yes.
you still like CSOD
Yes.
what happened to your GLUU position?
Happened?
OA, what was that zone you mentioned for gold before it flushes down?
JUST BUY A BOAT LOAD OF DUST.
DUST is ripping tits higher as the dollar continues its breakout. Gold miners are getting creamed and DUST is rocketing higher. On breakout. I went big and bought DUST call options. Massive return so far!!!!
DUST pumpers are gonna get swept…. (temporarily)
SLV set to close below 17.75 for the first time since August 2010… One foot off the cliff now?
dancing with ZU…..right to the opex edge.
The Air Penny Gravatar wasn’t lost on me…… Shameless!! Lmao!
bought puts in YOKU and SINA. They are at major inflection points. I’m betting on a flush.
The chinese burritos are clearing through the system….QIHU is awful
An institutional seller is afoot re: QIHU, but the stock may have bottomed today.
Damn almost had to take delivery on $180K of GOOGL stock. IB was kind of enough to let my 605 calls lapse. Asshole customer service reps good for something I suppose.
optionshouse sold off my positions before the monster run. I hate optionshouse.
What do you mean? How is that possible?
Let’s say you’ve got a little options account with 20k in it. You’ve taken some of that money and bought calls controlling $180k of GOOGL. Come Friday afternoon, they’re going to start selling your calls. I think if they’re small enough, they’ll execute on margin. But I’ve never studied the particulars.
When VSLR begins trading, you staying in SUNE (assuming you’re still in it) and FSLR?
SUNE doesn’t sell solar systems door to door like VSLR. I’ll still hold, unless given a reason to sell.
how do you access the live AHWOA video? i can only the old ones
Click the link in your confirmation email. Enter the password listed at the top of the AHWOA page.
I think the AHWOA page is broken. I can’t post anything into chat and I don’t see the recording for today on yesterday’s.
Never mind.
*only yesterday’s.
Jeff – that GOOGL hold until 3:52 today was great to watch – a clear cut ultimate professional brass balls move. Learned something today just watching you.
I ruined yet another chair.
Have a great weekend, stud.
Any news on biotech stocks? There was a late-day surge in buying of a few stocks like CNDO, PPHM, DNDN at end of day.
So is the VSLR ipo a scenario that you will buy the opening tick regardless of how it opens? Or if it gaps up will you wait for a pullback that may never come at those prices?
Maybe I buy a share a day til I know the answer.
Hard to pre-plan a situation like this. All i can plan is to start buying.
That’s pretty much what I was thinking. Try to get an allocation. If I can’t, then start a partial position and see how it reacts before adding. Planning on making it a pretty substantial investment eventually. From everything I’ve been reading they’ve been killing it.
OA – In regards to VSLR: My local utility company is working on a plan to install (and maintain!) solar panels on residential homes with zero up-front costs to the customer. SCTY is strongly opposed to the idea. If this model gets traction, do you think it could have a negative impact on the likes of VSLR? I’m not saying it wouldn’t be a great trade, just that it might not have the long distance legs… http://tucsonlocalmedia.com/features/home_and_garden/article_457100bc-3855-11e4-bd0f-0019bb2963f4.html
That is Vivint’s business model from what I understand.
How predatory. I love it!!
VSLR shh don’t say anything about it ..I plan on being a shareholder of size
oh yea GOOG yolo drama at the bell for the win
SUNE Added those commons at the close…long solar next week jeff’s heads up
Good different or bad different?
kevin – OA wrote on Friday he’ll be posting a watchlist sometime this weekend in After Hours. Interpret that as you will….
the drama its just too much to bear
It’s still the weekend. For a few more hours, anyway.