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

Closing Out November Expiry

On the day I have booked Nov calls in BABA, UA and CRTO. I picked up shares of GLUU and a NFLX yolo.

I have my eye on FB, FEYE and MBLY.

I don’t have much of a take on this market today, other than the $RUT hitting our upside price target we discussed in After Hours with Option Addict last night. Thus far, there was a pretty strong reaction from that.

If you don’t have a hedge, it might be a good idea to get one. Or, try on your favorite short idea to balance out longs.

Speaking of which, my 12631 room is chuck full of bearshitters. I need something to short so I can fit in over there. Got any ideas?

I like Gold, Gold Miners, and QIHU. What about you?

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39 comments

  1. Hawaiifive0

    You like GOLD and MINERS to short?

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  2. lol

    love the location on TWTR on all time frames but lower timeframe it gave up yesterday’s low so it needs to bounce quickly.

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  3. carolina

    been short NCR for a while

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  4. pyromonoxide

    haha, I definitely trade better if I don’t let bears get in my head. I have dec UA but thinking about closing, you think it’s move has been made? no history above. risk & reward. maybe close and buy cheap lotto UA.

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  5. fryguy

    VJET has been a good short for me.

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  6. canalsrb

    Look thru some of the military contractors like LMT… It this 1998 pattern continues that’s the year they topped. Decreased Gov contracts and spending isn’t going to help.

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    • canalsrb

      And that last move looks pretty enthusiastic…

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      • pyromonoxide

        I’ve been seen that too. Don’t think I would short it, but I wouldn’t buy. A republican shift may be more bullish for gov contracts.

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  7. linmoo

    Loving the sentiment turn bullish on gold. The crash comes from up, not down.

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  8. lplongo

    Hmm, wondering if the WB late-Aug b/o and crash can be used as a proxy for LOCO

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  9. azulgrana

    as soon as the implied vol on the blog hating dies down on this JDST trade, ill look to re-enter – sentiment analysis at work

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  10. Danny1980

    RWLK looks like a good short just ugly so does Google

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  11. chiefton15

    there aren’t any great looking shorts right here that I see. A couple more days the china stocks could be worth a shot, if this happens it would be a red flag for the whole market as they were one of the early leaders in the last sell off.

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  12. Bchu

    Youll be glad to know i entered into jnug after getting crushed on jdst at the open. Up nicely so far today but if im jinxing anyone, at least itll be te gold bulls

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  13. Zuul

    Long GLD puts into Fed Minutes.

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  14. Quality Control Inferno
    Quality Control Inferno

    GOOGL is quickly cementing its legacy as the shittiest stock in the world. i guess they can’t all be GPRO or BABA. I vow to never trade GOOGL again.

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    • punyandy

      10% off its all time high and it’s the shittiest stock in the world. Overreact much?

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  15. chiefton15

    the social media space is also looking a little suspect. Need to see the reaction tomorrow before any real signs.

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    • Billiejones

      MarketChess has the polar opposite position, correct me if I’m mistaken. He is looking at short FB and long some miners. Will be interesting to see how next few months play out.

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      • chiefton15

        I’m not sure his position, mine is the social media space looks like it could be a short but need to see more confirmation.

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  16. Danny1980

    Looks like market participation is crap. But I agree Chiefton nothing looks good to short here. With that said my CZR short is working miracles. I may just buy some UVXY calls and go long TZA. Markets look strong

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  17. cmonar

    OA, thoughts on GWPH. Likely to pullback for better entry?

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  18. Hawaiifive0

    OA,
    How are you feeling about TWTR now? Still holding?

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    • pyromonoxide

      i think a few of us around here are in $39’s in twtr, losing 39 would take me out.

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  19. velth

    long feye ,nflx and ,x for some dec/jan shenanigans

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  20. thomasjefferson

    I am interested in shorting Canadian Banks ($BNS and $RY intrigue me most), but I have no idea when they will finally fall. $62 was my target to start a short on BNS

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  21. Bchu

    Blow off top in gold.
    Gld resistance of $115 – broken
    Gdx resistance of $20 – broken
    Gdxj resistance of $28.50 – well broken

    Could gave a runner here

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  22. velth

    and now twtr, thank for reminding me five O

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  23. Jon V

    took some off the table in FCAU for time being. picked up some SPWR with downside support clear

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  24. Bchu

    Gpro just fell off a cliff for some reason

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  25. Bchu

    Exit all gold and miner longs. Too puss to hold overnight with fed mins

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  26. Mr. W

    ATHM is down, does it look like it broke through support?

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