We managed to catch a nice ride in $NFLX weekly calls in 12631 today, having purchased them yesterday afternoon. I’m still a buyer of dips in this tape, so I took the opportunity to move into $PCLN weekly calls, $GRPN April calls, and some $NDRM shares.
I missed my opportunity in $GMCR this morning, but am also looking at $CRM calls and $ASTI shares this afternoon.
If you were going to buy weekly calls here, what’s your top pick?
More later,
OA
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Kind of think oil rallies back up above $50 again.
But I’m a horrible short term trader and wouldn’t know how best to play that. Maybe ERX?
Which do you think performs better? Oil or oil stocks?
I’m honestly not really an oil / energy guy. Never partook in that space. My largest holding is still FCAU which I guess is a beneficiary of low oil. But I do like the pullback in ERX strictly from a chart perspective as I think it has a run to $65. So that would be 20% or so vs maybe 10% in oil.
FCAU is a monster
Yeah its been a nice easy hold. I still think FCAU gets to $20 to maybe $25 before the Ferrari IPO.
I mentioned this back in November that this Ferrari IPO would be a massive IPO. Its such a powerful brand. If it gets the $12 to $14B valuation I think it can get, then the rest of the company is only worth $8B or so (compared to GM/F which are $60B+ and only do about 25% more in sales)
I guess you could play UWTI if oil jumps 10%. But have to get the timing perfect to avoid the decay
if you are holding for a week lets say, the decay really doesn’t come into play too much. it’s if you end up holding for months on end where decay effects are really felt
right but let’s say oil goes down $3 then goes up $5, UWTI won’t really outperform much.
Gasman – I’ve had my eye on shippers also. The Ouija is spitting out STNG. How’s it look to you?
I think 2016 will be the year for STNG and other refined product tankers. I like FRO for a quick pop; DHT for a mid-term hold; and EURN for an inveestment
Also like $TNP to $10. It is one of my largest holdings. I would wait for a retest of ~7.85 before initiating a position though.
Noted. Thanks gasman!
ddd
I caught Fslr and Z. NFL would have been amazing wowo.
Jmei and wuba have been workhorses
GILD looks like a nice play here.
Wish I bought yesterday pre-market. I sold it the day before at $102ish and it was down like $10 the next morning. Huge cash flow generator.
I added BABA today. OA, do you like BABA as a long term hold or short term quick trade ?
I own shares of BABA for the long term.
Thanks. Me too !
OA , thoughts on $RAX
Great trend in that one.
TRIP, although not sure about weeklies
I bot some $ESPR April 17 100 puts on friday.. might be to late now but worth a look
OA
Do you like $DECK here?
I like $DECK, but not here. Maybe $70
Do you guys have any thoughts on VA? I’m thinking $30.4 is a nice entry.
UncleBuccs – I agree – $FRO and $TNK are winding up nicely. I’m bidding on $FRO
CDN – FRO looks great. It’s broken my heart a few times in the past, but maybe we can be friends again….? Good luck!
Tight stop on $FRO….bot $TNK at eod as well. Cheers!
Favorite weekly here is $BIDU on this dip. Looks like it doesn’t want to give up the 50-day MA
GILD weekly puts on my radar too. Biotech weak
think CLDX trades to 24, possibly 21
bot the GILD puts. 100 strike.
gmcr, lnkd or gpro yolo
someone pick for me
Trying a KEG/BAS pair trade here
SPY 209 Puts
TLT 133 Calls
Bot some $FDX and $QSR but neither weeklies. Was considering $MBLY weekly puts but I’d like to see it come up one more day.
Hi OA,
IBB for pullback further down ?
I’d buy $IBB at $350.
thanks
JD hot….but Z hotter
Bidless morning….gotta buy price, not price action in this tape. Feels like another bullshit washout. Buy ’em up boys!
GRUB looks ready to rip. Liking the action in BEBE CSCO & JCP.
$FEYE getting back into my range for re-entry. Anyone else got their eyes on it?
I have a stock position I’m looking to add to. I’m thinking of adding today on this test of the 50 day, with a tight stop on my full position. If it doesn’t hold, I could see a flush to 35ish, which is where I would reload.
Grabbed VA down at $30.4. Thinking this is a good support area.
OA,
Any worry with the $SUNE downgrade?
No. You?
Negative. Still heavy long on this one.
Not from these prices though, right??
Long from $21.93. You think I should book my gain and move on?
If this wasn’t intended to be a long term investment, I suppose. I think this is a horrible spot to do anything at all.
OA CRM looking attractive down here?
adhd?
Looking to buy?
curious to add….??
bought April calls in $GLBS. Love the spot.
Oops. Make that GTLS
YGE fire sale?
Hi Jeff. I have Iwm puts as a hedge and am looking for an exit. Do you have a recommendation.
did you intend for these fast moves to be to the downside? lol
just cleared out the march 0’s, and 3 days into April i’ve already got a new batch of 0’s. Frustrating month after a big start to the year. Almost a repeat of last year, but at least i’m sized smaller in the positions to not eat into a principal drawdown.
I booked gains in WDAY and FB, small losses in ASTI and NDRM…then salvaged my UBNT and PCLN yolo for fifty cents.
stopped out of my NDRM for a nice + 18.7%