Energy week in After Hours with Option Addict kicked off with a 7% rally in OIH. Pretty impressive, no?
The follow through here is important. Yesterday we went through the process of how easy it was to anticipate this rotation, and went through the stocks, ranking them, and spent a little time looking for laggards, or those that didn’t participate.
Of those were $SN and $NOG…and in today’s session, we’ll pick out a few more to trade tomorrow.
Anyone pick up any energy plays here?
OA
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Picked up some CPG calls. On the TSX though, for some liquidity.
APC at the open. Liked your profile discussion in after hours. Thx for all the info you provide in those meetings
Get the heck outta bio?
Not yet. FPRX, EDIT and BLUE still interesting.
BLUE really has me interested. What do you think about RARE ?
in blue, out pbyi, in dnr fmi bte nog rig sn crc this morning.
oa you paid for vacation today.
I took the $DNR this am – stock.
Is FCX energy or is that more metals / mining?
Copper, Energy, Gold and other metals
Yeah probably not grouped in with energy.
They are projecting 57 million barrels in 2016. http://s2.q4cdn.com/089924811/files/doc_presentations/2016/fcx-4Q15cc_jan2016.pdf
They have a lot of exposure to oil.
Lot of the energy names I follow have already taken off at this point, so I’m really just looking for pullbacks in the ones that have the best structure.
Had some RIG shares from a really good spot…kind of disappointed I bailed at 20% yesterday. Thought we’d end up pulling back again and making the consolidation a little tighter.
In FSLR pretty heavy over the last week or so. Have some June, July, Sept, Jan calls.
My watchlist is so long… I need to ask OA how he narrows down the list of actionable stocks to a few. The patterns look good. Volume profiles look good.
Really like SYRG here too
Like the look of that as well, see potential move up to 7. Caught an upgrade today as well.
Went with FTK. Like the look of that chart.
Have not done much today except pick up a starter in $KNDI
I got APC today. AAPL puts
100% energy rally since Feb lows. Water sure is warm!
I bought there too. This was a trade specific for this week, so don’t water it down.
I know you did. I did too, but I sold after the initial 20% pop or so. Wish I held. My comment doesn’t mean anything more than what it says. It’s been a killer rally and caught a lot of people off sides. I wouldn’t be surprised if it went sideways for the foreseeable future.
BAC is in a wedge just like GS and most banks. Out of the big ones JPM looks the best. Opinions on breakout or breakdown ? Maybe a decent hedge against a bunch of energy and material positions ?
Just watching my old anchors lose a little weight off my shoulders $HCLP and $BTE. I also own $RIG from last week, and $COP my basis is around $43 or 44 for the long term.
I am just looking to reduce risk right now, but I’m not at any of my target prices yet ($SHAK, $S, $NMBL, $AMBA, $EXPE and $TOUR – which is a little shaky from my entry yesterday, but looks like it’s at the perfect spot forming an inverse head & shoulders on a 60-min chart and the volume on this sell is muted). Don’t know what to do, but thankful I’ve been paying for more time lately.
Grabbed FYI calls. Eyed the APC, wish I would have hopped on board that one as well.
unbelievable move and foresight
$PACB looks great right here. Trying to figure out which account and stocks/calls.
I don’t know what the hell happened to my $PACB order. My bid for shares was right at ask and didn’t hit with 30 minutes to go yesterday. Regretting it today. Going with $ZIOP options to get my rage out.
Fok pypl
Still holding where it has to, though
Stock fine. Options traders get killed week after week
lgcy nr fti and nog tdw on the radar for positions into tomorrow
OA, looking at apparel retailers, couldn’t the same methodology & reasoning used for calling the energy rotation be applied here? If not, why not – not enough with the same look? The mall is dead?
Particularly looking at EXPR, GPS, JWN. If I were to choose, I probably go with GPS July 21s – more than 5% out but also less to risk since it’s retail.
Or ROST, how can you tell which field market is rotating to?
Is this where intuition comes in?
Might actually hop back into PFIE soon. It’s been a few years since I’ve looked at that one. Looks like it’s shaping up pretty well.
What’s your feel on TSLA? It made a nice breakout today (big 5% move on high volume) to convincingly put $220 behind it, and will obviously test $240, probably this week. Seem like easy money to me.
Damn, that was easy ($240.85, then a turnaround). Anybody else get on board? Of course, with the easy money past, predicting the next move is much harder. My next move is to short it again, but the entry point is tricky, so I’ll wait until Friday at the earliest.
“NHTSA is examining the potential suspension issue on the Tesla Model S”
That’s my cue: short $240 calls
Took profits on the calls (lost about 90% of their value). Profit/loss potential no longer favorable given black swan events.
HES and BP calls.
Where are the shorts? Chief, where are you? Fly? What happened to your thesis, short oil. If you’re on the sideline, you’re losing. If you sold in Q1 you’re a loser.
They are in hiding. The momentum is with us longs and my new target on s&p is 2300 by year end. Too many shorts are trying to call the top and many people are underinvested. Top picks are FB, AAPL and HES.
X on a rampage!
so is watch list from last night…
Bought HA and NKE yesterday. Bought GLNG this morning. Like ROST at 200 day.. ideal daily and weekly stochastics. Just waiting for RTH to rally.
OA, so aside from price targets derived from range on individual stocks, what are you monitoring to plan an exit? /CL? Flattening or pullback in ERX? I’d like to get off the dance floor before music stops. FTI is doing great for me, also picked up DNR at open. Thank you!
This move in energy stocks wasn’t about crude. Crude didn’t move as much as the equities did.
JPY/USD seems to be wreaking havoc on everything except materials
Really? There’s been no correlation there.
let me modify my statement – the overall market is respoding the the dollar weakness, with materials being a beneficiary. Still have a market of stocks though, as there are nice gainers out there.
NFLX losing 98 here could make for a fast move – if it holds, could make a decent rally
Looks to me like a bull flag
lot of volume around 98 – it is an interesting spot
Take a gander at RARE. Big move coming
Beautiful. Are you in?
Wanted 69 but Im deciding between BLUE and RARE
Into RARE. Order to buy BLUE above 48
Resistance around 73 so you’ll need a little rush into Bio to have it blast. Put a stop below yesterday’s low and it’s not a big risk. You can add more if it powers thru resistance.
But if the trend move comes it could be quick to 90. below 69 looks like great risk reward. Thanks.
May double down on PYPL July 39s
Also stalking JWN GES GPS
dude, PYPL is a loser of all losers. I love the stock long term but it’s not going anywhere in the short
I think it can move $4 by end of month to hit $39 and I can exit the calls then for a double.
correction: 4%, as in it’s only ~4% to 39 in a month
hope you are right. it’s my second largest long term stock position
the bchu bottom indicator
I hope you get this one right for once
Just bought $PYPL calls.
good play
Im with you on that one
Picked up JWN Julys
Ditto – 42.5s
Sold PYPL and will look to pick back up lower.
Sold $AMBA calls for a bit over 600%. My target was $51. I may have been a little bit early, but with 1 week to go I was reluctant to push for the upper edge of the volume profile to $53-54. $50-51 looked like the spot to stall before the next push and I could still get some premium here.
Nice one. Still holding stock.
Nice trade !
Anyone getting into $MEMP?
Not yet. I did pick up some $LGCY and $EVEP as discussed on the chat last night.
Got about 45% of the port in GDXJ now. Should be able to hold for several months through the upward phase of the intermediate cycle..