Man, what did I tell you about sentiment last week coming into this week? Market apparently wants higher.
I picked up June calls in $PYPL today and May calls in $SOHU.
At the moment, I am deciding between a Tesla or a Maserati with the winship this year.
I got in late last night, but the doctor visits are behind me. I’ll take some time to refocus on the blog as it has suffered quite a bit with all my personal issues in the last two months.
Hope you guys are killing it today.
OA
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Having a great streak right now and nice to hear all is well with you. Looking forward to AHWOA tonight.
car talk, the end is nigh!
Yep, cashing out and headed to the dealership. Considering a career farming on an island somewhere.
Power move
power moves only.
Still up 1% today. I went neutral on the long bond this morning by buying TLT calls, APRIL 130 for .90
Bot more TZA at 11:30 and 11:50.
So far my lowest price has held.
Feels dirty to go against my thesis if only for 24 hours.
As a younger man (pre-Tesla), I parked cars at a beautiful building on the beach in Santa Monica. I got to drive (albeit a very short distance), virtually every luxury car you could imagine. There was something about the Maserati… So effortlessly cool.
(* – As a Tesla shareholder, I do not, of course, condone this comment.)
The GranTurismo has always caught my eye.
That’s the one I am shopping. Two door, so I don’t have to drive people around.
Ain’t you too tall for one of those exotics? Getting in and out without twisting too and fro?
Yes, way too tall. 6’7″
$FEYE is on fire today.
when FEYE is on fire, you know the top is near. haha
These stocks rallied April through June last year. We’re still a little ways out.
Would love it if it lasted till June
Go Maserati – investment!
$UA May 47.50’s
I couldn’t help myself. She looked too pretty…
Long $ANGI.
I’m up 5.7% today – cashing out when GPRO hits 20%
If GPRO goes up 60 points tomorrow if even-steven. Fingers crossed!
hahaha. ditto!
So are you out then?
I peaced out of everything today and like Mike Tyson punched the fuck out. In the middle of moving and wont have Internet for a few days etc. Good timing for me to take a break.
Somebody help me push $HDP up into the pocket.
don’t buy a coal powered car.
normally after a big up day on wednesday of opex week you get a theta killer thursday…i’m thinking it’s different this time and we just go up.
too much skepticism early this week. at some point the fear of missing out will take hold.
I hedged for this with a small NLFX put.
OA, you nailed GPRO. thanks as usual man.
Pre-market I was looking at GPRO and hoping that it would recover back above 12.00….
Did you jump in or were you already in it ?
I bought April 5 calls last week
Beastly
Another similar find as OA… this Im more happy about than any gains! Picked up SOHU calls yesterday, FEYE, and TWTR calls Monday and yesterday.
Serious FOMO on GPRO and FIT. More prescient calls by Jeff. You deserve a Lambo dude!
A few short ideas if anyone’s looking to balance things out: http://finviz.com/screener.ashx?v=211&t=ADP,AON,BRO,COT,CPB,ED
Almost every utility and REIT look like shorts to me.
I put on some $VXX as a hedge and have an order in for $ADP puts (worst service provider my business have ever had – only because we are not in a Comcast district).
Seeing as the GPRO news is apparently a month old is anyone looking into puts here?
No – looking for this to run – check out the volume profile on this puppy – if people start deploying cash, the name recognition and FOMO could provide a huge catalyst to the upside
WNR looks ready to rock. No position but that usually means 20%+ move.
Have you seen even seen my wiener bruh?
https://www.youtube.com/watch?v=ve9ikd7fK48
No as a matter of fact I have not good sir
know you guys have been killing it with FIT…still in play for more upside?
Yes, looks so good here
Does the big unfilled gap concern you going forward if you’re holding?
Same question with energy / mining stocks’ gaps. Don’t most tend to get filled?
I play volume gaps, not price gaps
What the heck is a volume gap?
hahahahahahaha
×2 haha FIT above 17 could get crazy
OA vol gaps are associated w price gaps though right?
No, they are associated more with time and volume.
are you referring to volume profile? that’s not really a gap though right?
Those are the gaps that matter
Confused now I thought we were talking about vol profile
It seems,to me, like every time you show a daily chart for example, the vol profile, i.e. vol pocket is at the same spot as the price gaps? Sorta fundamental sorry I’m confused?
Here’s my trade in $X I closed out. http://ibankcoin.com/option_addict/files/2016/04/X.jpg
You can see the gap, pocket, hole, or _____ in $X. Price gaps don’t have to be involved.
Heckler – yes that’s true…volume comes in at extremes. I’ve never heard the volume profile referred to as volume gaps though. But that brings me back to my point I guess. Price gaps tend to get filled almost all of the time, which is another way of saying prices tend to gravitate to the areas on the volume profile that have the bulk of the volume (assuming volume spikes occur at price gaps).
That is actually a false statement. I say that because I answered “True” to that on my CMT exam, and it was marked incorrect.
So back to your point, I am not worried about a gap in $FIT. Maybe I should be worried about the 5 consecutive gaps in $VALE though. Maybe those should have filled too?
Glorious day today. Hope it continues.
FLML?? anybody.
RUT and BURRITOS made the money.
And Teslas are for the white male urban mid-mgt wannabee with the McMansion.
Ferrari’s are for men.
Yea, OA. You just want to drive around playin Joe Walsh doin 185 in your Masarati. Life’s Been Good.
It’s is the first time I’ve seen an article like this in a loooong time:
http://www.etftrends.com/2016/04/investors-returning-to-stock-etfs-for-sixth-straight-week/?curator=thereformedbroker&utm_source=thereformedbroker
With tech and utes leading the way simultaneously, it’s tough to argue that this is the smart money charging in.
(found on Reformed Broker)
OA, were/are you in WDC? Either way do you like it on this pull back? Also, any thoughts on FEYE upcoming earnings? I know you like the stock but are you anticipating blowout earnings? Thank you.
I was a couple weeks ago…took it off the following day when the stock was getting huge put volumes
OA – At that price point, s63 amg. One of my neighbors just got one and I really want to steal it for a day.
Thoughts on flml? To soon?
Or too late. Not sure.
Or not at all? lol…was wondering. Appears they are close to some milestones. Thought Id ask..Thanks!!