12631 Trade Alerts
Mar 22
Long $RLYP Apr 15 calls $.70
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Just sold these calls for $8.20
Great pick!
OA
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Good job 12631!! On another note, in markets like this, the good news about options is you can’t lose more than your defined risk. The bad news is you lose your defined risk. Once you get the clever idea to straddle,strangle,or condor the market takes a directional bias.
Jumbo! Great job OA
Congrats!!
Congrats OA! Much deserved as usual. Quick question about your trade alerts. Do they mention what contract price you bought at? For example, in the example above, would you say $RLYP $12 April 15 Calls at $.70? Thanks.
“Long $RLYP Apr 15 calls $.70”
The alert is sent at the point of purchase. I bought April 15 calls at a price of $.70 per contract.
Or perhaps I misunderstood the question you are asking.
I should have been much more clearer. I meant to ask, whether the trade alerts indicate what strike price? Sorry about the confusion.
It did list the strike price.
“Long $RLYP Apr 15 calls $.70”
“Long” – purchased postion
“$RLYP” – Stock ticker
“Apr” – Expiry month
“15” – Strike
“calls” – ___
“$.70” – Price paid
April is standard April expiry. Had it been a weekly, it would say Apr1, Apr2, Apr4 or Apr5 and “wkly” to denote the week it expires.
cant not believe I didn’t follow you here. FIMO FIMO FIMO FIMO FIMO FIMOOOOOOOOOOOOOOOOOOOOOOOO
Ahhhhh I gotcha, got confused because April 15 is on a Friday this month. Makes sense now. Thanks again for clearing that up.
https://www.youtube.com/watch?v=6o5NweFWjAw
Nice play on the RLYP….you still in EYES Jeff?
Yes, still in $EYES, $NK and $LABU were all my biotech picks.
You holding onto $labu here? Seems like that will be first to roll over fast off the market continues to roll over
Just sold LABU @ $38.55 (Cost basis = $23.96)
nice trade
Oil getting perky…. Roll trade positive. See prior comments.
Was in those myself. Caught a nice 800% and my best trade ever. Bang!
Love CMG here. Was waiting for it to break below the support line and come back up.
deja vu for the 4th week in a row
Monster !!! OA wins again
Nice work!!!
the Naz is taking it’s ball and going home….geez.
Nice call OA! I had my finger on the enter button for a few April weeklies in $RLYP yesterday as IBB was catching a bid, got distracted. Arrgg. I was watching IBB based on our discussion After Hours, Tues night, about IBB and related stocks having a trend day Wednesday. Thanks for the mentoring.
Still like CLF wedge (kind of like VALE). Pattern looks kind of like OA’s lessons in AHWOA. But I havent hit anything better than a single in a min.
LL setting up nice wedge on shorter timeframe, would wait for the mkt to help first though
Anyone watch this clip from Craig Johnson from Piper Jaffray? He seems to think the breakout on low volume fortells a continuation of the up trend.
That makes no sense.
Flush time??
F no. Dip bought. Smokescreen.
Which one of you guys is in there manhandling the $CANV?
Great work OA! On another front, it looks like the bear market rally courtesy of J Yellen and oil is prolly done.
Thanks! As for the market, i’ll take that with a grain of salt. You said the same thing first week of March. If we gap up again tomorrow, you might be my top gun around here.
Game on, lol.
I followed you on this OA, massive hat tip, picked them up for $0.82 and just sold for $9.80. Were looking worthless earlier today, I had pretty much written them off…
Nice one!
BOOM!
The positive move in oil cut my losses by 60% so I am positive for the week.
Not sure what’s up with Natgas unless the build was less than expected.
Holding my unhedged long oil o/n. Expecting another 2% upside before I’ll consider trimming the position.
Nice pull guys.
I ended up peeling back a lot of risk right at the open today. Was in a bunch of positions looking for follow through. Maybe its just a one day thing, though. Trying to protect some gains in case the whole EEM / XLF / IYT / TNX / European Banks rollover spreads into everything else.
These were all the positions you bought yesterday?
I think that’s exactly what the market intended to do in the last 2 days. Engage bulls up at elevated prices.
Yeah I went from about 50% long to 90% long yesterday right into the teeth of todays selloff even though I knew the whole biotech run reeked of chasing.
I knew as soon as I saw the futures this morning that I got caught wrong footed and pulled everything after the open. I’m just staying flexible this year and open to anything. I’m sitting on nice gains so would rather be picky.
OEW RecaP: “We can now count three waves down from the SPX 2075 high: 2043-2067-2034 so far. To keep the momentum going to the downside the 2019 pivot would be the next support level that needs to be broken. After that there is a large gap for the next support at the 1973 pivot.”
Picked up 1/2 position in tna after hours at 54.75 on oversold hourly reading
Timely!
Heading to FL for some sun & fun. Putting the entire account in TSLA shares and running on autopilot.
Good luck guys.
Killer week. Surgical
Boo yah! If these prices hold I’m banking some good coin this week.
Trimmed some UWTI at 21.60 in premarket.
Still long and strong oil. (Extra Ron Jeremy)
?
You caught an awesome move – well done
Fed is having a meeting on Monday?
http://www.federalreserve.gov/aboutthefed/boardmeetings/20160411advexp.htm
Topic: Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.
Obviously the big players know about this and we are still rallying, but wanted to put this on the radar.
Oil is my bitch!!!!
I was asked when my suggestion of 40 oil returns. “Next week” (referring to 4/4 to 4/8).
39.18 and counting. OK chest thumping done.
Seriously, we’ve overshot, the expected range in oil for the day. Trim some if u can. USO still needs to sell some April contracts for its rollover.
Hi OA, is FEYE your top pick in cyber security? Also, thoughts on making an entry here now for FSLR? Thanks.
Russel leading here….
How’s the saying go? Bloop bloop?
Doesn’t feel like it. Individual stocks don’t seem as much up as indices
I remember the bloop bloop….looks like today is going to be a slow grind either direction, but mostly up and sideways – fast action yesterday increased IV, so now options will be bleeding premium quickly…
Fed moar UWTI to the ducks: 23.02
Still plenty of crackers in the Arsenal…
Added to FB 112.98
At last check CF above last week’s low. Great for a Friday. My turnaround stock OTY.
Sold TNA
Nice 3% gain on a short trade
You deserve a gift from the Market Gods, or at least one RLYP analyst. Nothing better than watching a stock’s unexpected rocket launch. Wish I had been along for the ride. Maybe my JUNO will be similarly blessed.
Looks like there is some selling algos hitting the market today – interesting to see the grind then sudden sell
My interpretation of my portfolio suggests this is rotation.
Lining up retail adds: LB, WMT, SKX. Likely Monday.
FB Yolo: 113s for .44cents
SKX and WMT been popping up on my scans as well
So time to get out of biotech?
Looks like your FB yolo was as good as my AAPL yolo.
These euro banks look awesome
Long db at 15.92 and cs at 13.59
I might be out of the street by the end of the day. My thinking is these guys have made essentially double bottoms. Also you have a potential bank recapitalization plan in place over the weekend.
*Out on the street
Lot bloddier day than what indices are showing
Man, I was gonna go load the boat on $UA, damn Google Finance.
XIN and HGSH have been absolutely ripping. This is a major tell for Chinese real estate, and likewise EJ / SFUN / LEJU
This market is pretty tricky here. What’s everyone’s take on it? Part of me thinks there is more downside but it’s super choppy. Probably all hinges on oil and European banks.
I think more intermediate term chop –
Chop seems right. I’m just focusing on cheap stocks.
by the way, are you the reliever for the Pirates?
no, I am a coonass from Louisiana – Melancon is a common surname (in south Louisiana)
I think max pain is still somewhat higher. It’s starting to feel exuberant, but not delirious just yet.
Busy day (by my standards):
-closed my $W weekly puts. I was going to be out of the office for much of the morning and I took $40.50 as a blessing. Of course just got back to my desk and kicking myself.
-opened $HTWR shares for a trade.
-opened $CREE in the long term account (with room for 1 add). Reallocating part of my $VA sale.
-and if I catch a little momentum towards the close, I will probably book my April $BOFI to finish rolling that out to May.
My father in law works in the energy management business and says that CREE products are total crap. I asked him about it when I was looking at it a year or two ago.
You’ve been pissing on all of my ideas this week!
Picked up MTCH at $10.6. This is now trading at 13.9x CY EPS and 11.4x Forward estimates and revenues are growing 20%+. Seems way too oversold here.
Liking MTCH here as well. Thanks for the reminder on it. Have a great weekend.
Took the Euro bank stocks off. Not liking this trading action at all.