I was very busy getting things prepped for Boot Camp yesterday, and didn’t get a chance to post my buys. I bought only $CMCM and $X calls yesterday. I have a deep list of set-ups I like, but those were all I took yesterday.
Today, I booked half of $CTRP ahead of earnings. I’m in the process of taking down some $SPLK, and am watching $TUBE, $BABA, $WTW, $RHT, and $CYBR.
I’m going to get into my LT account and take down some $WNC and $MDRX as well.
What are you trading today?
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Picked me up some leaps in NSC and KORS today. Unwound my BCEI for “less of a loss” at the open.
also added to my TSLA weekly, and got some BABA weekly.
Booked my POT calls today (thanks be to the merger gods.) Watching GES closely, will book my calls if it breaks further. KORS looks pretty good here.
FACK, Nice buy on $CMCM boss
Loved it yesterday. Was my top pick.
LIke RHT too plus MGLN, GM, BBBY
$AKS
Two off the watch list ripping huge – $CMCM and $UAL. We’re still in the wheelhouse.
$UAL goes right to $55
60?
Not a big fan of solar but FSLR but bought some here. Selling appears to have petered out for now.
Do you use different position sizes in your “normal” account vs. your LT account? Interested to see how the longer horizon affects your trades.
Absolutely. Bigger size in LT stuff.
I like the $MDRX too. Just logged in to buy $NYCB and scratched that one off the buy list, too far gone. $LQ and $LGF still look interesting but I do want a dip in $LQ. $MPEL was also on my list but that’s already moving, so I need a down day there too.
Just went shopping for banks since $NYCB left without me. The only ones that looked even close were $MTB, $FNB, and $OZRK, which I’ve wanted and has a good story, but I’d need it a good bit lower (probably 10% actually)
IESC on today’s pull back
Picked up some $CORT, been waiting for it to get close to the $5 mark to grab some shares.
Love that stock. She was kind to me last year.
Leaps on gs
Chasing $FIT like the fool I am, tight stops, what the hell..
How big is TWLO in your overall holdings
Why?
Curious, I have a lot of calls. Was wondering if you were still as bullish.
I have a lot of calls too. Had a lot last month as well. Was my biggest gain this year.
I got out too early the last ramp. Good luck to us.
S
Closed out a nice win in UAL, bought a position in GS, still holding FCX, INTC, TWTR, LGF, SFUN, and crAAPL with various expirations out to October.
A few other interesting tickers: $ACHN, $CTSH, $NOK, $HALO, and I think $NOW has been mentioned a bunch of times.
That $WFM is one screwy chart, $SFM is a little bit more interesting.
And $BUD is in a very quiet place for the Football trade.
just fade whatever Fly does. Gobbled up JDST when he came out with his long gold post. haha. just regret not going in bigger.
Wow, congrats on JDST. Looking great.
covered half just now. may regret it but can’t let real profits slip away
Nice play. GDX closed the day with an RSI under 30. Looks like we at least get a dead cat bounce here in JNUG.
Fading the chubs usually works better
be my guest. call it out tho, please. thanks.
$MNST puts started working. waiting for a $DIS signal, no sure of the direction yet.
went on a shopping spree last week. picked up CMCM, ARWR, USG calls and some X calls. overall pretty happy, a bit concerned about X today though.
$X not broken but could stop going down any time now.
Has that gap to fill at .09
Doesn’t look like too many people liked that move up in $USG. Let it breathe or move on?
almost took it off yesterday into the pop. but I always kick myself when they rip higher. I’m up a few percent so I will probably give it a bit more room.
Booked the double in FIT weekly 16s…rolled into next week’s AMAT 30.5s.
curious about those that buy weeklies, I would think the decay would crush you more often than not. Is it something you do as a lottery ticket kind of thing? genuinely curious as I always seem to buy more time premium than i need.
weeklies are often losers, so you need to let your winners work to their full potential OA discusses this often. Also, position sizing is key
I love weeklies if they are adequately liquid but I generally buy at least 65% ITM
OA: What’s the pain trade look like for the balance of the week or into next week?
Pain trade? Hmmm…all depends on how you feel people in general are positioned here. The tone is still pretty bearish outside of my blog.
How do you feel people are engaged here? What did they do today?
FWIW I hear a lot of bearish commentary from me friends regarding the Nov election. They want to be out before that shit storm.
That a good contrarian signal?
Short $DRE and $MDT. Still tilted heavily long, but a bit more balance.
f it. covered all jdst.
@bchu Why did you sell out today? Broke out on big volume, and $GLD confirmed a new swing low. I’m curious because I’m long $JDST for a while now and wondering what you saw.
Saw like 20%+ gain in just a few days and didn’t want to lose it. Felt like rate hike was getting all priced in so didn’t think much left to run. I obviously left some $$ on the table by covering early
Financials still working well
Still a stockpickers market. VRTU creeping up on crazy up volume last couple weeks. Swatting doubles to all fields.
LIke SNA and FPRX here.
Bollinger Bandwidth narrowing. Big move coming?
Throwing the dice at EXK.
$twtr calls jumping off the shelves
PI on the IPO rocket ship train. Reports today.
SBUX trying to hold the 50 day.
Oct 57.50’s are attractive here. if you’re an exodus member go look them up and you’ll see why.
57.5’s. why not 60’s for around .20/ each?
All the fast money guys says market going higher. Pain trade must be down right? Haha
look like some capitulation in crude, anyone looking to take a position?
I went /TF at 1233…crude too fast for me. Like the idea though.
long CL @ 45, this move looks like a stop run with the old narrative still in play.
also holding some /TF from 1232, buying seems pretty solid there.
Avg the $PYPL calls a minute ago. Looking for a least a bounce off the lower BB
That PYPL is gonna blast thru 40 one of these days, should be a good one when it goes.
I feel as though I’m being pushed to capitulate on a few winning positions here. Trying to find the ones that are still okay and the ones that are best to take profits. If there weren’t other setups out there, I’d probably let everything ride a little bit rather than sell down.
Not $GPRO 15 weekly calls right here. .21
FCX breakdown city. I told you it’s a problem. Ignore it at your own peril.
Are you different from bchu12? Just trying to get oriented to who is who here.
No, my man just likes to use different aliases…too afraid to confront someone in his own skin.
You serious??? You not seriously dumb enough to think that right. When the Fok so I ever talk about fcx
I know this isn’t you dude. Chill.
The focus should be on the content. FCX death spiral
Perhaps the focus ought to be on content, but that’s not the way most people do it.
Certainly you are aware of the fact that 2 people can say or do exactly the same thing– and then many people will judge it as either saintly or atrocious– depending on whether they look up to the person who said/did it, or some group they belong to– or whether they don’t like something about the person who said/did or about some group they belong to.
That being said, FCX does look bad to me too.
Why should that be the focus? Why can’t we focus on you, your shitty trades, and your inability to discuss this like a man behind your own name? Even though we ditched that last year.
Oh, I see, Bchu may be trying to obscure his history with his handle changes. That could be relevant because, as psychologists note, the best predictor of future behavior is past behavior. Not 100% of the time but most of the time.
I suppose anybody who wants to, could still focus on each individual comment made, by whatever handle bchu is currently using, rather than on his past record. Some people with a history of shitty trades can still point out some chart or something worth paying attention to, from time to time.