Hard to ignore this chart here. Even if you aren’t a believer, or prefer not to trade what some consider to be dogshit, I’d rather bet against the guys hiding out in this as a short.
The spot is amazing, the space above is worth exploring over time. 34% of the float is held short.
Is it Friday yet???
Now I’m starting to see the same setups. Thanks for imparting some of your wisdom, OA.
train is just shaking out passengers who didn’t purchase a ticket. Then it’s on to Profit Town.
BOT. I’ve learned to just slap myself whenever I doubt you, OA.
Don’t look now but DB is getting flushed down the commode courtesy of the DOJ.
I like the news that HF’s cut exposure. If it stays here in Monday/Tuesday balance I am holding, if not I’ll scratch.
DB put a hex on the market…
don’t know if you’re gonna have enough profit to buy me dinner on DB – 8%
HAHA, game on.
What’s awesome is that crazy trade I put on was profitable all day yesterday, after enduring the sentiment shit storm.
They loaded everyone into puts yesterday for the rally. I bought cheap calls.
There’s something intelligent about this trade you immediately overlooked.
cut losses on bios? a la $ADRO?
Pass me your login…I’ll see what I can do.
looks ugly, but it also looks like it found support in the profile here. If it can’t hold this I will cut.
seems like developing right shoulder. feb-may: left, mid may: head, and now: right, oversold rsi and support at 12
Why does it feel like everyone is moving to cash simultaneously? This oil move is complete BS.
I am so confused. I got out of my DB calls for a loss when it was down 3% .. now it’s down 7% and they are worth almost more than what I paid for them. Is this the game of IV?
That’s demand coming in.
No game, both calls and puts go up as IV goes up.
Thanks OA… velth, I didn’t mean in a way that its being manipulated. I have seen lots of price destruction in my account when stocks have fallen 7%. I would also say that the VIX going up 16%+ today may have something to do with calls and puts going up
Slid a small portion of $WDC into $FIT. That profile really is something.
I never know how much time to buy when looking at a profile like this. I decided to split the difference to November. Was thinking about January, but based on the number of positions I have on in Nov-Dec-Jan expiry, it seemed unlikely that I would hold it through the new year.
Picked up some WFC calls
Also bought more HLF, trading well here
would like to add but got a boatload of them over last few days
Bought $FIT calls, $ADRO stock near lows.
I have $NXPI calls. The stock is up on news. Is there a rule of thumb that when a stock moves on talk of acquisition, it stays up (unlike a no news squeeze)? I don’t want to sell too early, but I’ve never had a gain like this…
Wow, great move. If it’s a definite bid, the stock usually stays up. But if it’s just talk, it can drop, base, or run higher. What would you like less – booking a huge gain, and missing out on an even bigger gain, or watching a huge gain decay?
I put in a limit to close at a gain I will be very happy with, regardless of what it does afterwards. If I miss a greater gain, I know Jeff will put me in front of another opportunity.
FYI…FIT earnings released 10/31 may want to use that as a catalyst
eyeing TWLO calls for tomorrow’s expiry
ended up getting the 65’s for mid Oct
Seems like a good spot for YY. Thinking of adding here.
one of those days where everything im long is down and short is up. thinking DB may run stops on that monday low before bouncing
Crapped out of my recent STMP and SYNA positions but THS position holding up nicely. Nothing more exciting than a senior living facility stock but BKD is holding trendline for now.
OA.. nice call on AMBA. I hesitated and lost for now.
Days like this are constructive in flushing out stocks puffed up with air.
bought ZOES here
Curious .. why?
I think they’re a solid company that’s been oversold. I closed my previous ZOES position a month ago in the mid 36s, and I think it’s a bargain at these prices so I bought back in at 22.50
feels like a shoulder has been formed in the SP and RUT and maybe starting the head portion now…
I’m looking to study behavior up against huge volume profiles (re: $NMBL). I’m trying to see how other instruments with such a gigantic crater in the profile have behaved. It’s tapped at the upper end of this volume a couple of times, but never given it a real shot. I’d like to see how other names that successfully ran a profile this size have behaved in the past, but I’ve only been around a few years so I don’t know a lot of the hall of fame profiles. Does anyone have a few offhand I could study?
Market looks fokd for tomorrow
(Bottom please!!!)
Wow. Works every time