The ovary trade is now profitable, FWIW.
We’ve climbed the wall of worry faster than some of the most wicked sell-offs of this bull cycle. Volatility still remains in this market, so I am still keeping things short and sweet until they normalize.
Option premiums are coming back into reasonable levels, but the speed of the overall market still needs to diminish a bit before we engage on the same level we normally do. In other words, a normal environment is not far off. If you’d like me to expand on that, please visit last nights recording on After Hours with Option Addict. I hit this in the most detailed way I could last night.
My primary focus is developing a watchlist for next week. The theme will be relative strength. Anything that has held up in the last month better than your average should be a consideration as a long. Conversely, anything that deteriorated more than the average should be considered as a short into strength. The list will be also based on action points, as usual. So anything we look at later today will be based on a precise entry where risk is easy to manage.
Bring your top ideas and we’ll discuss tonight.
OA
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VSLR! Glad I didn’t but a BABA put.
went long TNA
FUEL, BLOX, SWHC, PEGA all been strong.
Ovary Man kind of looks like a jester themed Kool-Aid guy..
biotech and new issues…