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Options Trading with Option Addict

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

PLAYING FOR PEANUTS

Option Addict Wed Jul 22, 2015 12:03pm EST 19 Comments

I’ve been playing small here, with weekly’s, trying to catch those moves on the lower time frames we discussed in After Hours with Option Addict. WOrked great with the GOOGL trade we mapped out Monday, and I’m trying it here with NFLX sponsored by the GOOGL profits.

I also picked up a position in $WYNN for next week off some $MPEL options activity. There’s an interesting correlation between the Shanghai and the casinos lately that has me very interested. If you missed this analysis, we can cover it again during After Hours.

By the way, audio is broadcasting…so we’re on tonight. Thanks for your patience.

OA

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19 comments

  1. ffunluving
    ffunluving
    July 22, 2015 at 12:36 pm

    Do you think oil is worth nibbling on at this level or wait for lower? thanks

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    • Hawaiifive0
      Hawaiifive0
      July 22, 2015 at 12:48 pm

      I tried yesterday and got stopped. Still lurking.

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    • thomasjefferson
      thomasjefferson
      July 22, 2015 at 1:24 pm

      I grabbed the first 1/3 of a long term position in $COP, FWIW.

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  2. gasman
    gasman
    July 22, 2015 at 12:52 pm

    Nice divergence in the russel. Shopping for longs.

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  3. velth
    velth
    July 22, 2015 at 1:15 pm

    Like the setup in Wynn, I will take a shot as well. One of the quarters should be good, lol.

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  4. thomasjefferson
    thomasjefferson
    July 22, 2015 at 1:35 pm

    Curious as to why the oil equities are outpacing the commodity so much to the downside. Looks like the last couple moves down, the larger caps followed the commodity pretty closely. Any thoughts out there?

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  5. Badduck
    Badduck
    July 22, 2015 at 1:35 pm

    Fucking TWTR. That is all.

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  6. Jersey whale
    Jersey whale
    July 22, 2015 at 1:54 pm

    $BAC is getting frisky, that’s a nice volume pocket overhead.

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  7. Bobby Pancakes
    Bobby Pancakes
    July 22, 2015 at 2:06 pm

    Bought GRPN August Monthly $6 calls because I haven’t lit any money on fire and thrown it into the dumpster in a while.

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  8. canalsrb
    canalsrb
    July 22, 2015 at 3:06 pm

    Anybody else eyeing some KNDI here? Lower time frame looks good with Discouragement going all month so far. Daily has a nice year long wedge too.

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  9. baba
    baba
    July 22, 2015 at 3:17 pm

    $WFM is in sleep mode

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  10. kidstock
    kidstock
    July 22, 2015 at 3:55 pm

    Bot AIG weekly 65 calls…

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  11. gudenaev
    gudenaev
    July 23, 2015 at 9:47 am

    Don’t sleep on my $SCSS market sell signal…

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  12. kidstock
    kidstock
    July 23, 2015 at 10:12 am

    Burritos looking perky…Liking DATE, LEJU and BITA here

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  13. hattery
    hattery
    July 23, 2015 at 11:04 am

    Anyone else still in ANTH? I am from $4.80 and I even wrote covered calls in July to get the $4.20 cost basis. I think I’ll hold out for $12 and then reassess.

    OA are you still in this beast? What do you think?

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