Growth is cheap, and the fear is diminishing. I’ve been warning this phase would come, and its finally here.
Seeing as how the stocks that were ignored over the last few days are swiftly catching up today tells me that our traditional methods of our stock selection process are working again. This is pretty good evidence that the appetite for risk is increasing, and that you really ought to take that into consideration when picking stocks to trade.
This is going to be an important shift, and a very powerful one.
Options are getting cheaper here too. In After Hours with Option Addict, we’ve been taking a more passive approach til conditions were to change. Things are looking much better here in terms of risk, speed, and pricing.
Let’s get back work. Rough patches like we went through over the last few months evolve into easier markets. There should be some big and easy money to make from here.
OA
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i’m with ya chief. time to make some fucking money.
Would be nice for a change
market is down a couple points, but a lot of our favorites have taken off yet again. This is your arena. This is what we pay you for, Jeff. Center stage is all yours, sir.
Yea…
https://www.youtube.com/watch?v=zQrdKtPJxI0
Any thoughts on TWTR here?
http://finviz.com/quote.ashx?t=TWTR&ty=c&ta=1&p=d
needs to get over $40 to make any meaningful move
I agree but I like the chart for an anticipated move over 40.
oh, you’re still here?
Looking forward to it. Rocky start to options trading from September to November, then started to make some gains. Seeing a LOT of great setups out there. NOR, SKX, GPRE short, etc.
Love the look of $NDLS. Shopping Feb calls.
Went with tiny piece in Feb. 25’s as I’m not sold on higher prices . Looking for a move to $30-32 range. Would get out on weakness out of the trend.
My appetite for risk will include chasing all open ended straights and flush draws as well as calls in TWTR and more biotech exposure
I love to get it all in in big multi way pots with straight and flush draws. Easy money since a lt of times you can take down the pot without a fight since fish need a sure thing to get it in.
The melt up in stocks this week has been phenomenal. So glad I was quick to change my bias. PCLN the only blemish, so I can’t complain.
I still like PCLN for next week – debating buying calls at the close or waiting til Monday – leaning towards Monday right now because of the Greeksy
You guys are perma-bulls. Look at a monthly chart of the S&P.
Are you talking about the same S&P? The one that’s been stuck in an upward channel for the last two years?
I am. MACD on a monthly chart of the S&P is very toppy. IWM has gone nowhere for a year with a possible head n shoulders top. We need, and are due for a correction. I’m not doom and gloom. We just need a pullback. Be careful out there.
Maybe, but if I were trying to make an argument in favor of a S&P pullback, the monthly hides all the recent chop. Makes it look like it’s still hanging out in the channel.
One event-driven up day and the whipsaw days are over?
Look at the VIX. Market speed/elevated VIX is an environmental indicator. Low VIX, slow market.
What happened to the guy that was investing in VXX? Today’s a down day…. buy the dips with both hands, right?
Didn’t he go broke in late 2011?
Picked up some TWTR today, for the win. Sold 1/4 of my FCAU to move it over there. Looking to sell some of my GOOGL (before earnings) and PCLN and moving it into the riskier stuff. Been stuck in the blue chip slow steady movers for 8 monghts now and am starting to gear up for the riskier stuff to come alive.
Might grab some YELP too although that one scares me more b/c I think GOOGL is a major problem for them. Doesn’t mean it won’t work for a trade though.
using moves below recent lows as a stop out point to cap downside.
OA it’s almost time to buy this KORS. It’s got a move to $75 in it but I would hate to buy it up. I’ve definitely got a fear of missing out on a lot of stocks.
That’s a good one to watch. Similar set-up that LULU had when we bought in.
OA, any thoughts on crude? you think this is stabilization here forming a base or a slow melt down?
Not for a trade yet, no.
Sticking with food theme, $HABT seems to be settling, but I thought someone said shake shack was debuting next week, so I don’t know if that will bring out sellers waiting for the IPO (looking at you, Fly)
MBLY sure close to breaking out of that wedge. One more higher low dip and I may put some funds in it.
I’m not sold on this rally. TLT remaining at highs and the YEN potentially bottoming is keeping me on the sidelines. I also think the VXX is at an area that could set up a lower high. I thought thinks would move faster than this but I’m waiting it out until next week.
F- chart is pretty. I know, it’s low beta.
low beta hugely outperformed high beta last year.
Might seem arbitrary, but I’m waiting for this IWM:SPY to break above the 0.58 level its been hovering around for 6 months, before I get too excited for high beta
decided to get some short exposure back on. Bought IWM 111 March puts.
also back in the YEN long (futures)
Bought more CLDX earlier Feb 22’s 1.2 Every selloff is met with buying in these badboys.
OA – any thoughts on airliners like AAL? Have a nice weekend.
If I were to buy an airline, AAL is the one to buy.
The market can’t go up until we get our obligatory 8% plunge. The -3% is just a teaser. So be patient and have cash ready to employ for the monster trade of the year.
Expectations (and implied volatility) seem awfully low for GOOGL. It feels like that stock that’s been left for dead that is ripe for a post-earnings rip. Options are not that expensive as compared to previous cycles. This is one I’m probably going to play with DITM options or straight stock. Just feels like more eyes are on other tech stocks.
$aten jeff’s got a flyer pick about to fly..how about a csco takeover?
Quality I think BABA IV is also the lowest it has been as well. Good risk for some calls? Conversely AAPL is super high. Might be fun to take a shot at some puts for the fruit.
You shut your mouth about $AAPL. I bought calls last Tuesday. Want to see a few more bucks of upside out of this one.
If I weren’t in the trade already, I’d agree with you. It’s popped above the top bound of the triangle it was in. Needs to show further strength here.
I actually jumped the gun on earnings calls for baba this morning. Starter position though and looking to avg.
FEYE, SPLK and AMBA. Couldn’t resist calls at the open. Want this CYBR but dang those options are expensive. Common stock seems like easy money there. May even do a buy write.
Followed you in with some FEYE calls. Love the look of that profile.
Yeah I’m just following dome of OA’s ideas he talked about last week. Cyber security does look good.
I grabbed some $FEYE too this morning.
Still holding FCAU. It’s all about Ferrari. I think it gets to $20 this summer ahead of the IPO
SCTY looks like it wants the bounce to 55
Thats the best way to play it only. Nice run before earnings. I took a nibble on some puts. Let’s see if resistance does anything here
Of the 70 stocks on my bio watchlist, 8 are down so today. Will be buying hand over fist on next selloff. Like BDSI HALO AGIO BLUE CLDX all on retrace and bunch of others.
$ASPS is already running but looks like it has more to go…
Re-short GOGO (burp) this morning at S2. It was an epic cascade lower…and astute traders covered at S2. Now it is time to re-short this piggy. Add on a move to the falling MA.
http://scharts.co/15C1YNA
Take note of that nice long rejection tail at S1 this morning. Like taking candy from a baby my friends…hehehehe
Meant to say Re-short at S1 this morning ($15.02 on the nose S1…short taken at $14.97)
GOGO still my bitch. Re-shorted 30 minutes ago almost TO THE PENNY of the S1 tag. (actual S1 resistance is $15.02. Short on @ $14.97). Boom! TA is a wonderful “thang” 🙂
what a call on LULU!! nice trade from 40 from early Aug…thanks