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

AHWOA CANCELED

Guys, I apologize, but I am dying here today. Can’t sit up straight longer than a few minutes.

Therefore, no After Hours with Option Addict today. As ideas for the remainder of the week, our indicators flashed oversold on NG_F, which may present opportunity for UGAZ or GASL.

I still like the idea of buying dips in growth names. TWTR looks a lot like YELP did yesterday. If it finds buyers, this will strengthen that conviction moving forward.

Be cautious of the IWM, VXX, IBB situation today. While it seems a little year end/holiday rotational, we’ve had another major run in stocks, so be cautious up here.

Top picks: BABA, SUNE, UGAZ/GASL

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52 comments

  1. halloweenpleb

    finally. you took a break. beat that cold. looking at getting some $gasl

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  2. matt_bear

    i bought Feb calls today in BABA, FSLR, YELP, and TWTR.

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  3. Dr. Fly

    WE DEMAND YOU TO WORK UNTIL YOUR EYES BLEED!!!

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  4. Treat

    OA one day you will be right. I remember we had great aversion with yelp in mid 70s, then in high 50s it was to be high 60s by years end and so on and on. One day the victory will be claimed!

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  5. UncleBuccs

    OA – Are you still alive this morning? Couldn’t quit thinking about UGAZ since this post? Besides the oversold, what are you looking for, before you leap?

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    • Option Addict

      I haven’t left the bed yet UB. Worst day yey. What’s that GASL looking like?

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      • UncleBuccs

        I had been looking at UGAZ instead of GASL because it seems a little more volatile… Lol! Both are down today. Limited to my crummy phone while at work, so I don’t have the best look like I might get w/ ToS. Hope you come around and feel better today. Being sick during Christmas is the worst.

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  6. bchu12

    short oil here. flush is coming…

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  7. pronto

    Short 1,200 shares YELP @ 53.87. Was waiting for another divergence day (with Naz) and got it this morning. As Dr. Fly posted yesterday, social media is broken.

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  8. kidstock

    Liking AMZN and GOGO on the short side…sold FEYE and am fully margined in GPRO —

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    • budh

      I am fully migrained in GPRO.

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    • comella

      Wow, you are going to Lose a lot of money! Sold FEYE on the perfect retest I have ever seen, and shorting stocks that look so perfect to run a crazy % to the upside before even taking a breath. Hope you don’t get another mortgage out on your house to invest… say bye bye to that if so. 🙂 PS. GPRO short or long?

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      • kidstock

        All-in GPRO long… Levered up with shares after properly timed call option purchase last week in the low 57’s. I have no interest in diversification and was too impatient with FEYE entry – the GPRO profits more than offset nominal loss. The fate of my homes is good stead – I would margin up on SOCL at these levels (most likely in FB – rather than the entire group)

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  9. Danny1980

    Grabbed some JAN 60 KITE calls and some CYBR calls $45 and $50’s January CYBR went 5% double larger than normal

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  10. charlie

    Run to 17 in CMCM on deck.

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  11. Dracula

    YELP =’turd of the decade. Still unable to bounce. Adios fucktard YELP! Headed to 40’s

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  12. Dracula

    Just cut the Jan call options for a whopping 30% swift kick to the nuts in 4 days. Fuck YELP. Hope it crashes

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  13. Danny1980

    Not a good decision here. YELP is at good support; 30% premium can be made up in a day. Plus the Russell is in official b/o mode.

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  14. JPMorgain

    What more evidence do you need re: YELP? It’s a broken stock. Today another example of why i would not buy in using YOUR dick. It’s garbage.

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  15. Santa

    OA has started heavy censoring due to his dismal performance. OA=yelp

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  16. Dan

    >> Today another example of why i would not buy in using YOUR dick.

    Broker: “You have reached broker. How may I help you today?”

    JPMorgain: “I would like to buy 10000 shares of stock.”

    Broker: “Sure, no problem. Shall I deduct the purchase price from your account?”

    JPMorgain: “No, I will be paying in dicks.”

    Broker: “Human dicks?”

    JPMorgain: “Yes, what other kinds of dicks would one use to purchase stock?”

    Broker: “I am sorry we no longer accept dicks as payment. In fact, we have never accepted dicks as payment for stock and transaction fees.”

    JPMorgain: “This is insane! What am I supposed to do with all of these dicks?!?”

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    • Option Addict

      WHY AM I TROLLING AROUND WITH THIS HERE SACK OF DICKS?

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      • Santa

        Because your picks suck and you do not admit it, you are fooling your followers, take people for idiots, many are of course:))

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        • Option Addict

          I’ve been doing this for 16 years, dumbass. I do just fine. Apparently you lost money too this year…lol.

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          • Santa

            Of course I have lost, a lot, also following your picks. But I am an average joe, whereas you pretend to be 16 years of worth. I am just amazed that all that under skin you can be so one sided and consequently wrong. But still trying to preserve the facade of being flawless. Disappointing for a true professional.

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          • Option Addict

            Is that what you’ve come here for? To acknowledge a loss? Dude, I lose! I trade low delta options, fucknut. Losses are a given! I’ve never once given an impression of being flawless.

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        • hxt

          You gotta be kidding me….Everyone is not right all the time. But almost always, OA’s picks put you in front of a trade before the trade starts to move or work. So if you do not want to be patient and play the waiting game, then OA’s picks are not for you.

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  17. halloweenpleb

    is Santa the same as Dracula the same as Treat?? you know. the same ol Fucking Troll that lurks in here???

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    • Option Addict

      Same old, butt-hurt, sore-ass loser.

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      • Santa

        Of course the same. Apparently all the others are winning with OAs picks, congratulations. If you are so content with the action then I wish you all not trolls (ie the one and only being me) continuation of the same stream of OAs picks for the new year as well!

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        • Formergeek

          Why r u here? R u insane?

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          • comella

            Because he obviously has no where else to go! He is a lost boy searching for anything to console him after getting kicked in the teeth too many times! If he wasn’t a troll, he would know that OA killed it making almost 200% last year alone! And has only had like 2 years total of losing any money at all. He would know that everyone has drawdowns, but OA makes the drawdowns back faster than anyone! And he would know that once again OA was correct in this not being the top, told people to not short into the hole, and now we have gone up 7 days in a row in the Russell, and are breaking out setting up for a 1999 like run which OA has called since March… so obviously “SANTA” or whoever the other 20 alias’ he uses is just a simple troll who will be gone like all the other trolls in a couple weeks! Later TROLL! Go head over to Slope or something!.

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  18. Santa

    R u?

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    • Santa

      Comella, r u OA? We all are lost after all. That’s not the point however. The point is that this site does not smell like money any more, but it should. Instead it is cult like “stock down, yeah it is actually good”… Come on, you can do better!

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      • comella

        I figured it out… you are Tim Knight! hahahaha. Well if you ever look around, you will rarely find me even posting on here unless I am posting some positive ideas… that’s the whole point of this blog, to have a community of traders. We are ragging on you being a blood sucking leech because that’s what you are! You never bring positive ideas or trading plans, you just complain and bring negativity! So that’s the point! So Just Leave!

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  19. Santa

    And for OA’ s performance, let the managing of his biggest and most advertised investment speak for itself: FSLR. Remember YGE?

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  20. comella

    You must not know what “long term investment” is… and that’s what he has said from the beginning. Please, next you will be talking about his VSLR call, (Long term investment that he only bought 1/4 of at the beginning). Can’t you realize that you must have a problem when you have to log off, and log back in with so many different names. I mean for real, get a life.

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  21. Santa

    Since you brought it up, VSLR. Why would anyone wish for this kind of PUMP to his followers. Guy with 16 years of experience getting his followers into such a treat. OA himself has said that all this value etc talk is just a crap by institutional players to fool people in, well, there you have it…

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  22. Santa

    And how is it sucking someone’s blood by pointing out that somebody’s ideas do not work any more? I am actually saving some people their money. Yes one year ago there was a brilliant call on TWTR. I made money on that one as well. Thanks! Does it mean that getting 20 or so calls wrong in the row is cool and should be praised? I think no, and OA should realize it in the first place, to be in the business for the long run.

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    • comella

      Ha, 20 or so in a row wrong? Wow you obviously aren’t following his trades… You do realize he doesn’t post every trade or idea on this blog? He has made so many excellent calls recently. And yes it is bad for someone like you to point out these things because you aren’t bringing anything productive to the conversation? At least say, “hey, I think you got these few wrong, but here are some ideas going forward! Have your mentioned ONE good idea?

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  23. Santa

    Well, I do, and with my own money, so I know what I speak about. The ratio of winners losers is something 1 to 10… How is that great? If you are really trading yourself, you know it is not. I think you get something very wrong here – my place is not to post good ideas, I am not a pro and do not aspire for such a status. I am here to get good ideas. OA says you get excellent ideas from him, that is not simply true, has not been for many months.

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  24. Thomas Jefferson

    Read your last post again, slowly. Then ask yourself, “if what I am saying is true, then why am i still here?” Surely there are plenty of sites out there that offer what you’re seeking. Either way we’d much prefer you either try to provide something constructive to the conversation or take your worthless bitterness elsewhere. There are scores of sites out there that will celebrate your enduring negativity and childish cat calling. They’ll elevate you to legendary status based on your terrible attitude in the comments section. This site doesn’t happen to be one of them.

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  25. Santa

    I think it is very constructive to point out objectively if something does not work already for quite some time instead of blindly hyping up picks that do not work. In whose interest would be spreading a false impression that there is this never wrong guy? That could actually save laymen like myself some money. Read that slowly and think about it.

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