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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

GOOD MORNING

Option Addict Mon Oct 5, 2015 11:03am EST 10 Comments

Per discussions last night, I’m feeling pretty good about the overall picture here.

The USD/JPY is pegged at resistance, trying to make its way out of this range.

I love the types of names leading the strength thus far today…MU, OAS, JMEI, SPWR, DDD…

Breadth is extreme positive today, $HYG is ripping through last weeks prices, and shorts are engaging again.

I bought Nov $CMCM calls and some weeklys here on $TSLA.

More later,

OA

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10 comments

  1. lplongo
    lplongo
    October 5, 2015 at 11:13 am

    The implied volatility was so high on the CMCM calls, I wanted them but skipped it. Good luck with it, though.

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  2. Brushfyah
    Brushfyah
    October 5, 2015 at 11:14 am

    This is beginning to look like Babe Ruth calling his shot. Ultra bossy…

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  3. Jon V
    Jon V
    October 5, 2015 at 11:35 am

    Biotechs rolling over

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  4. danny_noonan
    danny_noonan
    October 5, 2015 at 11:51 am

    love ya jeff because no ones as good as you in the past situations and I’ve been watching with baited breathe here. Gold is holding at resistance 1148 is a brick wall and now you have the spy up against its next resistance 197-98 range. Really wanted to see the usdjpy break out here but it’s making me skeptical of this move…sideway from here? One chart I do kind of like is fxc though that did have a little mini breakout and everyones on the other side of the fence with the loonie.

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  5. traderconfessions
    traderconfessions
    October 5, 2015 at 12:13 pm

    Add OVAS to your list. One of the few strong Bios.

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  6. gasman
    gasman
    October 5, 2015 at 12:24 pm

    And here comes the yen….

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  7. Hawaiifive0
    Hawaiifive0
    October 5, 2015 at 12:27 pm

    Jeff,

    Does GLUU look like we’re coming out of aversion to you?

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