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

THE OLD GAP, GRIND AND FADE

This action is so hard to watch, I can barely stomach writing up a play-by-play, or finding anything intelligent to talk about here.

I bought Nov calls in $LN this morning. That’s all I’ve done.

I appreciate the lists of stocks you guys chimed in over the last few days. I’m watching the following stocks this week for entries…

$TDC, $DK, $STMP, $VIPS and $SINA.

After earnings, I am stalking $VMW, $ATI, $BIDU, $TRU and $TSLA.

Off to see about a nap.

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35 comments

  1. kamel

    At least the October expiries have cleared the screens now…

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    • scarface

      That’s the best part about today.

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      • kamel

        Back in 2014, during the Yellen assault on biotechs and social media and the Malaysia Air shootdown over Ukraine, I had like 12 positions expire worthless one month….except KNDI

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      • Gene Minkin

        BEST part. Didnt feel like seeing that carnage anymore

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  2. awanka

    BOT TSLA common stock

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  3. LP

    Disappointed in ATHM today. Happy to have some NTNX calls, tho.

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  4. traderconfessions
    traderconfessions

    bought CRTO at closing. Will be out before it reports in a week.

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  5. Z

    Yup – if Monday is indicative of the future – BIDU and TSLA might do well on earnings and then beyond. I know OA you are not a fan of strangles so no need to have the discussion again : ) but playing for a possible huge move on BWLD earnings – I took a 125 put/165 call strangle today. I think the CMG results will keep the premiums up no matter which way CMG swings and would not be surprised to see either a 145 BWLD print before earnings with a huge move up afterward or a massive move lower if BWLD does not deliver. That said – recently did very well with a NFLX strangle a week ago and I only play select strangles on those that look primed for a big move – in this case – BWLD being one of them.

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  6. MSGT HARTMAN

    Zuck is a sweet motherfucker. Can we see One Fiddy by the end of the year?

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  7. sethster99

    Motherfucker. If $BTUUQ turns out like the old Kmart did, I am going to shoot myself. I had considered getting long back when they first announced Chapter 11. Now it’s been skyrocketing like they aren’t going to wipe out equity holders. Too late to take a risk and get in.

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    • Swinging for the Fences
      Swinging for the Fences

      Is there any chance that same scenario will apply to $SUNEQ? I hope so.

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      • sethster99

        The main reason I liked BTU for that possibility was that coal’s value has appreciated considerably as the company has been reorganized. Similar to KM as it went through bankruptcy with its real estate.

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  8. sethster99

    VIX getting close to the 12 level again. Looking for it to make it down under 12 before the election.

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    • sethster99

      XIV now fully over the upper bollinger band. I expect it to continue pushing higher leading into the employment number Friday next week. I plan on being fully in cash on Thursday afternoon of next week, and will wait until at least the morning after the election to put money back to work.

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  9. Noni Kavuri

    FYI. $TWTR moved their earnings release to 10/27 BMO.

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  10. traderconfessions
    traderconfessions

    Bought JAZZ with tight stop. Sitting on support. Low risk/reward.

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  11. baba

    $TDC – Did an OA trade align with my trade ?The last time it happened was UAL

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  12. goose20

    Jeff I’m loving UA here for IRA here couldn’t ask for a better gift!!

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    • Z

      Something to think about though – 95 percent or more of traders – many of them being ones on Stocktwits who are usually wrong – are currently “buying the dip” in UA for a short-term, medium-term or long-term hold and it has now done ten times its average daily volume on the sell side in less than three hours of trading. Usually action like this doesn’t signal capitulation but rather a major long-term fundamental change.

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      • goose20

        I’m perfectly fine with buying lower. I bought 2000 in premarket and would love to buy even lower. This stock is a cult stock for kids and even grownups. Plus they have solid sports gear.

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  13. Greenlander (@greenlander1)
    Greenlander (@greenlander1)

    Added HMSY, BIDU

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  14. mk

    ANyone with eyes on Airlines? JBLU?

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  15. Dishwasher

    ATI has a nice chart and profile. I’m picking some up now, thanks for the idea OA.

    https://postimg.org/image/ha66y0y8b/

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  16. Badduck

    $TWLO is quickly becoming the $FEYE of 2016.

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  17. MSGT HARTMAN

    OnePlus is the AAPL killer.

    You won’t hear this bit of truth on the AAPL conference call.

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  18. bizerkus

    Look at the silent carnage happening in this here market and you might realize that you need to lay off of stocks for a while. Sorry but you can’t always make money in the market like it’s an ATM—no matter how smart you are.

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  19. mk

    DB earnings are tomorrow. Just a heads up if anyone still riding. I have November paper and still deciding.

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