I’ve made my bets this morning for this seasonally bullish week. I sold some $AAPL calls and picked up $YY, $DATA and $TSLA calls. Really tempted to take $ACIA as well.
For the week, I figure we’ll meet today and tomorrow for After Hours with Option Addict. After that, let’s celebrate market greatness by leaving each other alone for the remainder of the week.
Anyone take on any positions here this week?
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swing trades in LULU and ANF. Continuing to buy more and more MZOR.
cha-ching.
Amzn and am looking to get back into Twlo Friday. Let’s see if your theory works two weeks in a row. Low vol Friday I think will be huge for Twlo
Bought TWLO right as it tapped into $36.50 into the close.
Man, this blog…RIP.
LOL
OA cycle.
Why YY?
Yes, 3 y’s
For some gainz.
Woah embedded prices.
Zuckerberg, you sweet motherfucker, you know how to make me money.
$FB is down tomorrow but it’s a buyable dip. Looking to flip from poots to calls.
howd those puts work out for ya yesterday? did you flip to calls?
I got back into YRD..
Happy Holiday to all.
looks like there is profit taking today – still, this market is insane and I don’t get the impression that people want to come off the sidelines
I got into $DATA this morning as well.
Fucking Scottrade didn’t deliver my $NMBL shares so I am bidding for more options there too. Earnings coming up so I am only able to play small on that.
Looks like Scottrade was trying to do me a favor. Oh well, that’s why you don’t ever trade earnings in size. Will start that equity position once it hits support. And hope for the opposite reaction to last earnings.
The top of this blog has turned into a propaganda machine that is seeming more unhinged everyday than the Breitbart/Infowars nutsos.
I meant my blog. But perhaps traders have packed up and left town.
I don’t think a lot of people listened to you and if you were on the sideline before 7 November, you kinda were screwed. People show up to cast shade, not to receive
The fact that you had been accurately projecting a Trump surprise and that the markets would buy it for weeks ahead of the election should make http://www.ibankcoin.com/option_addict the the most popular market blog on the internet. Probably better to keep it quiet though.
Armstrong predicted a Trump victory and people aren’t flocking to his site.
Excuse my ignorance, but who is Armstrong? Did he predict a market rip as a consequence?
Martin Armstrong – google him, has a computer model that is pretty good and predicts all kinds of thing. He did say that the markets would rise with a Trump candidacy. He makes a lot of political statements, but they are related to his model, so there is that. He is the ONLY other person aside from OA that said markets would rise with Trump, although he does hedge a lot. I read his stuff – decent data point. he also has lots of gold analysis and constantly rails against gold promoters.
Here is a post from 4 Nov where he opines that Clinton would be bad for the markets. https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/the-markets-heading-into-election/
In which blog post did OA say that Trump would win and that people would buy it? I read his blog most of the time but I don’t remember a post saying that.
I talked about it a few times in After Hours, and my post about Expect the Unexpected to be Less Than What’s Expected might be the one.
I believe mistermoe has a point as I used to come to the site daily to read both blogs but the entertainment value has left the building with the flood tide of drivel. Your stuff is, as always, fascinating, captain.
+1
Hey OA – What do you think about getting back into some of the dry bulk shipping stocks? Any of them you think worth trying or just move on?
Good question. Is the rejection in a name like $NMM too fast to buy a retest?
2 months ago, this was my top investment theme in AHWOA.
Cool nice call. What about on a pullback? Like TJ said would this be too sharp of a pullback?
Thanks.
I guess what I am saying is longer term, these trade a lot higher. Find a price you’re cool with. Too sharp of a pullback is good if you want to buy, no?
Yeah that is my thinking on a longer term basis if coal and iron ore etc are all ripping tits then these guys should obviously benefit.
I guess in terms of technicals when does a sharp pullback become on hit wonder that is doomed?
*one hit wonder*
I’m assuming you’ve consulted a longer term chart?
If you like the idea, maybe use a stop to know the difference?
Yeah it’s just hard to know when I’m wrong in these kinds of pullbacks. Is it best to just wait for a base to start buying?
Which ones were you targeting a little while ago?
It’s not all that hard at all. It’s all in your mind. Learn to protect yourself in case you are wrong.
Here are a few good ones: http://finviz.com/screener.ashx?v=111&f=ind_shipping,sh_avgvol_o300&t=CPLP,TOO,NMM,FRO
I really like the look of that $TOO, and $NMM I want ten cents cheaper.
ThomasJefferson –
FYI, FRO is an oil tanker biz, not dry bulk like the original question was about.
CPLP, TOO, are mostly oil/gas transport,
NMM is the sole dry bulk player in your finviz screening.
The narrative for an increase in the tankers is different than the dry bulk carriers, so be aware before trading the space.
Watching China stocks, waiting for entry.
Looks like GLD is ready to start moving again…
Should we all mortgage our houses to go short FCX?
lol good one
Haven’t touched any position in almost 2 wks. Market is pleasantly boring and hope it stays this way until EOY
I just sold my XIV that I rode up 10% over the last week. The market was up nicely today, but XIV was down. If it continues up tomorrow, I’ll get back in again. XIV is a great instrument to make money on when the market is going up, but one down day can wipe out weeks worth of up days.
HUGE moves here premarket
DE up 10%
LILY, BIIB, JUNO down 10%
GLD dopping
Banks up
TLT down
very interesting day on light volume…
Extreme fockery as chubs would say
HYG has been holding up well while TLT,PCY and other debt markets crash.
I give thanks for your TSLA call
Anyone buying DRYS lol?
Helluva air pocket above on CVEO