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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

MORNING WOOD

Option Addict Mon Sep 28, 2015 10:48am EST 12 Comments

As mentioned last week, your resolve will be tested here over these next few days. In terms of signals on the week, I want to focus on divergences. Any divergences this week should communicate to me that I am in the right place and the right time in terms of taking risk here, in the thick of this ugly price action.

I’m ready to deploy a bunch of cash this week with the year end in mind. I have avoided options quite a bit lately, but am starting to eyeball some positions for the Nov/Dec expiry. I’ve cleared out some space and am ready to fire this week, should everything align as we’ve diagrammed.

My basket of names here includes $TSLA, $NFLX, $GOOGL, $CYBR, $YOKU, $SINA, $VMW, $N, $MKTO, $LNKD, $GOGO, $JUNO.

Be back in a few,

OA

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12 comments

  1. thomasjefferson
    thomasjefferson
    September 28, 2015 at 11:04 am

    I feel like I have a rudimentary understanding of 99% of what’s going on, but I am totally confused by the $TSLA chart. I love the prospects for the future of that company, so maybe this is a spot to enter longer term? Or are you looking through year end?

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  2. fryguy15
    fryguy15
    September 28, 2015 at 11:09 am

    FSLR?

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  3. matt_bull
    matt_bull
    September 28, 2015 at 11:30 am

    Paint the fence.

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  4. lplongo
    lplongo
    September 28, 2015 at 11:50 am

    Would love to see us get back into a trade of the week mode ahead of this fat pitch period.

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  5. k_melancon
    k_melancon
    September 28, 2015 at 11:56 am

    Is this drop enough to cause margin calls? Not looking for a play, but just curious as to what can cause further discombobulation – your advice to sit tight and get ready is appreciated OA.

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