iBankCoin

Options Trading with Option Addict

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

MARKET PAINTING A PICTURE

Option Addict Mon Nov 30, 2015 1:29pm EST 7 Comments

I mentioned this last night, that the market may spend the first part of the day trying to posture its participants, but take a quick look at the similarities between Monday the 16th versus today. 2015-11-30_10-59-51

2015-11-30_11-01-14

Slow drift lower for the first few hours. No sell extremes on the $TICK, which also has been divergent on the day…similar to the 16th.

This is about the time of day, so a $TICK thrust will be required to show an interested buyer.

Love this setup here, especially heading into the first of the month tomorrow.

More later,

OA

 

If you enjoy the content at iBankCoin, please follow us on Twitter

7 comments

  1. djmarcus
    djmarcus
    November 30, 2015 at 1:45 pm

    Strong move higher right after you posted this…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Thomas Jefferson
    Thomas Jefferson
    November 30, 2015 at 1:53 pm

    What do you think about $NMR if this spot holds? I’m looking longer term for shares.

    Also eyeing an $FEYE add here. Haven’t heard it mentioned in long enough to take a look. Have a 30% position so far from $22.25.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. lplongo
    lplongo
    November 30, 2015 at 1:54 pm

    Thinking a measured move to a SPY ATH would be 218-19 and in time for OA’s call to be correct..

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. k_melancon
    k_melancon
    November 30, 2015 at 2:05 pm

    Forgot about mutual fund day….

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. purdy
    purdy
    November 30, 2015 at 2:34 pm

    Long SINA right here.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. kidstockibc
    kidstockibc
    November 30, 2015 at 2:41 pm

    Selling FANG — buying DJIA tech names. MSFT INTC AAPL — even the lowly IBM

    • 0
    • 0
    • 0 Deem this to be "Fake News"

© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy