Last night in After Hours with Option Addict, we discussed a market setup coming into the day. Open up, ramp, sell-off.
That seems to have been what’s happened here today, and this dip, I bought.
Crude is breaking out here, breadth is awesome, and that ramp in the Russell out the open negated yesterday’s divergence. If that reads like stereo instructions to you, know that in this market action, I am well pleased.
Bought some more $COP, $AMBA, and $MBLY. Wanting to buy more $CMCM and $FTNT.
Booked gains in $BAH and about to book $TWTR.
Life is good.
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Busy too. Bought long dated stuff: $GILD Jan 2018’s, $WBA Dec, and $SBUX Dec. Trying to get ahead of October unsteadiness with some higher quality stuff that still has potential to move.
My $TWLO expires on Friday, so I am looking at handling that soon. I don’t think that I’ve got the intestinal fortitude to hold out for the Friday lunchtime ramp. And I sold my $LN yesterday for a very large win. It hadn’t quite hit $50 at that point, but I was getting a ton of time value so I took it.
I also was shopping today. Bought $CMCM. That’s it so far, although my $ECA calls from yesterday are looking good, already a single. Scoping out $HLTH $GEN and $LC.
Firstly, Thank you Jeff!
In last couple of days Bot Calls in CRC, MUR,and SGY stock for oil play.
Anyone eyeing EYES? Seems to me the setup is great for bio play. And EBIO too
Isn’t it a bit early to book twtr gains?
Did you grab any SBUX? I saw your earlier comment about liking it enough to buy with both hands.
Chart looks good, but overhead supply seems worrisome considering how high-profile and widely owned it is.
I love it, but didn’t buy it. This comment makes me think I should pull the trigger though.
You are forever the contrarian lol.
For what its worth, I took a small position in Oct 55’s to start. I liked the intraday action today. Also considering the Nov 57.5’s on any near term weakness.
Personality flaw.
I fade my own kids sometimes, lol.
“I fade my own kids”a little cruel and very hilarious, cuz we all do a little.
Money going into oil sector is flowing from where? Bio?
Utilities and healthcare maybe. Or just from cash & credit.
Nasdaq underperformed Dow & S&P today
Long WFC (lots of long dated calls)
Short LN, TWTR (small position via puts)
Long GLD (for at most a few days)
russell led by percent gain today. thats a good sign right?
Usually is. No sign is 100% predictive.
I like SBUX, and have have it long. Yesterday I bought CRM and DB long dated calls, I thought they moved nicely today. Considering adding to my SBUX with some calls.
OA. You’ve mentioned in your Boot Camp that solars may work later this year. Watching TAN. In your estimation, do you think it will start to run? Timing?
Yes, I’d be buying solar here and be willing to buy lower.
If ScottTrade is getting bought, does the chart of IBRK look good to anyone else?
I bought some stuff, too – an annual subscription to TA. See you there.
Thank you
Who has positioned themselves correctly for the oil bounce? HES
Had a bunch of $COP and $FMSA, $DNR, $LGCY, $BCEI and $NOV.
Today OPEC members agree on a production cut but tomorrow one can say fuck it and the price of oil tumbles. Too many risk variables for me in comparison with other market opportunities. Good luck to those who take the plunge. COP would be my choice too if I were inclined to gamble in oil.
Texas increased production 3% to 23,000,000 Bbls/day.
So the Arabs can cut all they want, we’ll take up the slack.
And the Texas RR Commission is in the process of taking price controls away from OPEC.
$FIT is looking tantalizing on the downgrade. Right back to balance and trend support. $FTNT does look great too.
yeap, buying fit nov calls
Closed $wdc for over 1000%. I was rolling a big win and chose the strike like a drunken gold panner (and to test the profile). Volume profiles are real, friends.