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

OA BUYS AT THE OPEN: $BITA, $FTNT, $ATHM

I picked up all three of these names about 15-20 minutes after the open.

I booked $CMCM August calls for 500%, and still have a load of August positions to close in the next couple days.

Looking to take a LT position in transports today. Deciding between $YRCW, $NSC, $WNC, or $NAV.

As for $TWLO, I had accumulated a position in Aug 45’s for $1.50, which I sold for $14.80 yesterday, but have both batches of the Aug 46’s. I also bought Aug 65’s at the close yesterday for $.80. $TWLO will likely trade through $70’s soon. $TWTR style.

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48 comments

  1. iguessitsallin

    OA what you think of RHT?

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  2. carolina

    Quickly have 60% gain in YRD stock in IRA…Instinct is to let it run, what do you think Jeff?

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  3. wayne

    Jeff still like gild ? You mentioned owning sept calls. Looks like an 80 pin for friday

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  4. heckler

    Hi OA – what’s your target for ATHM this time around?

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  5. CF4

    $GBT melted up last Fri (after breaking above $19). Holding up reasonably well since. Great volume profile above, all the way to low $30s.

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  6. k_melancon

    BIDU here looks pretty good for a weekly already in 175s

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  7. notkidstock

    Bot SBUX Sept 60’s

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  8. notkidstock

    Bot more AMAT Sep 32’s

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  9. k_melancon

    USD/JPY seems to be driving the market moves right now

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  10. Thomas Jefferson
    Thomas Jefferson

    Starting to warm up to $URBN for earnings tonight.

    OA – is this enough of a dip to not be chasing $JNPR in your eyes? It looks okay to me here, but I think I’m wearing my FOMO glasses.

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  11. notkidstock

    Good spots for those looking to start a position in FIT & GPRO

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  12. bchu12

    OA – you like the Emerging Markets here?

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    • Option Addict

      Does that look similar to a chart of anything I trade?

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      • bchu12

        EEM looks like its breaking out in general.

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        • Option Addict

          Sure, but in the years I’ve been here, have I ever once chased a story or move like this?

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          • bchu12

            understood. there’s definitely better individual names out there. Was just curious your thoughts on this sector.

            Good point on “chased a story.” There definitely feels like media has been pumping up the story of the emerging markets recovery much more than other indices. Could be a contrarian sign

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          • Option Addict

            I said I was bullish on EEM like way back in March. So when you ask me stuff like this, and I say “yes” because I am sticking to a theme from months ago, you take that as an endorsement at that price, and you’ll come in the comments daily to talk about EEM when its down. I’ve watched you to this for years. Especially with fucking oil. So as of this conversation, stop asking me shit like that months after a move has been underway.

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          • MSGT HARTMAN

            10% never get the message.

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          • marc

            Well done OA

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  13. bushwacker2

    You sound Cramer-esque with a $70 price on $TWLO. I like $TWLO. It has been my best winner so far this year. Sold almost half of it and now playing with the house’s money. $24.75 basis. Will hold until it gets acquired someday.

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  14. coolkevs

    you ever look at $BZUN? Partly owned by $BABA – had a decent move and pulling back today.

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  15. mr_peartree

    I’m riding YRCW back to $400,000 a share!

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    • Thomas Jefferson
      Thomas Jefferson

      If it makes it there by October expiry, I will throw a pretty good party for the entire planet.

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  16. lplongo

    DSW – look at that pattern on the 5 year… earnings 30th.

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  17. notkidstock

    ASML….rinse and rip?

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  18. notkidstock

    Sticking with the expensive food theme…anyone else like the look of WFM here?

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  19. Pip53

    OA thoughts on AKS. looking at some Sept. 6’s.

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  20. bchu12

    bears are dancing in the streets today. haha. funny

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  21. bchu12

    WTF???!!! I took what you are saying on EEM as not now. Not yes, at this price. Chillax.

    And you were 50/50 at best with oil, so don’t blow your wad.

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    • Option Addict

      I’m never 50/50 on anything. If I’m 50/50 on something is because you ask me AFTER I have made a call dude, which is what I am trying to get you to fucking stop.

      If you’d learn a tiny bit about what I do, it would help you to figure shit out on your own.

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  22. notkidstock

    Jeff — playing NKD tonight?

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  23. heckler

    Where are you getting this “everyone was shrugging off the ugly day?” Except for bchu who’s like bears are creaming their jeans or whatever… that close sucked dick.

    Transports hung in there… oil was good but oil stocks real slow. Futures teasing with getting out of the channel….

    Gap down tomorrow still?

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    • Option Addict

      Me? Just confused. Lot of different things coming at me today. Probably nothing, but I get nervous when there is a lack of nervousness.

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  24. heckler

    Yeah I got nervous too…

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