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Options Trading with Option Addict

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

ELECTION PROTECTION

Option Addict Mon Nov 7, 2016 1:07pm EST 10 Comments

I get pretty giddy over longer term oversold signals. Last week and today, I’ve deployed positions in $AAPL, $FB, $FCX, $BABA, $BIDU, $INTC, $ORCL and $ON is up next.

If you are looking for election protection, premiums have been discounted quite a bit today. Mush easier conditions to hedge into, obviously.

Just as a heads up, I will be out of the office on Wednesday-Friday. I have a three day event I must attend. I’ll try to set everything up for the week between today and tomorrow via After Hours with Option Addict.

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10 comments

  1. greenlander1
    greenlander1
    November 7, 2016 at 1:53 pm

    Great start to the week. Was bleeding on a few positions especially the VXX puts but everything is moving now.

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  2. john_galt
    john_galt
    November 7, 2016 at 2:18 pm

    No thanks.

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  3. cascadia
    cascadia
    November 7, 2016 at 3:31 pm

    For such a strong move up, I’m seeing a lot of black candlesticks…

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  4. MSGT HARTMAN
    MSGT HARTMAN
    November 7, 2016 at 4:03 pm

    The sheep are in a buying frenzy, it never ceases to amaze me.

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  5. greenlander1
    greenlander1
    November 7, 2016 at 4:50 pm

    Let’s see what happens with the election but the market has that submerged beach ball look

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  6. Joe
    Joe
    November 8, 2016 at 6:23 am

    Ahhhhh – dir!!!! The sheep? Pretty sure yesterday was position re-arranging, shorts getting covered etc.

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  7. thomasjefferson
    thomasjefferson
    November 8, 2016 at 10:56 am

    Long $WFC June calls. Just a nibble to stay engaged.

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  8. mk
    mk
    November 8, 2016 at 12:46 pm

    Is anyone still here? Anyone holding DB Still?

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  9. Nocturne
    Nocturne
    November 8, 2016 at 1:23 pm

    Long natgas via UNG Dec 7 puts sold for .36

    Stop at .54

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  10. MSGT HARTMAN
    MSGT HARTMAN
    November 8, 2016 at 1:24 pm

    Is this still 1998 ?

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