As we wrap up a fantastic 2016, I want to issue a reminder that as of January 1st, membership rates to After Hours with Option Addict will increase.
Take the opportunity to lock in the discounted rate before the deadline. If you do, you will be forever grandfathered at that pricing.
For those that have not been able to test drive the service, After Hours with Option Addict is a daily post market webinar at 4:30 PM ET Monday-Friday. We meet for roughly 45-60 minutes each day. The meetings are recorded for those that cannot meet at our scheduled time.
The idea is to walk through market conditions each day, trying to stay ahead of market turns and intermarket rotations. Some highlights of the year included:
- Get long stocks all year
Getting the group heavy into materials and energy in Jan/Feb
Calling the top in the defensive trade (Bonds, Utes, Metals, Staples)
Call to load up in China Stocks (July-Oct)
Buy the Trump election dipAs well as a long list of great buys throughout the year
I’ve got a solid road map for 2017 and it would be a shame to pay more for it next year once you realize you’re a piker and are missing out.
Join the After Hours with Option Addict family today. Annual memberships will receive a recording from Session 4 of my Boot Camp which highlights 2017 Predictions and Trade Ideas (normally a $1.2mm value).
Happy New Year to my readers, trolls and friends that stop by on occasion. Looking forward to a great 2017.
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Poking around the AMZN option chain, someone took a decent sized block of 360 puts for Jan2018. That would rattle some cages.
Been looking at YRCW and SWFT a lot lately… both are cup-and-handley looking on the weekly but are pretty different on the daily. I’d love to grab some YRCW at 12.50, but SWFT looks ready to move in the short term.
Would you favor one over the other right now?
I own $YRCW, if that helps.
so are we going to walk into a mutual fund Tuesday scenario?
LN having a nice day
Out to go take my RIA this afternoon. Happy New Year everyone. See you on Tuesday.
good luck man – have a safe and happy new years too!
Added $NMBL shares, and took a starter in $SPWR shares.
And went with June $AMZN puts.
AMZN doesn’t want to post a profit yet, too busy taking over the retail, cloud, aeronautics and tech space.
I want to see it AMZN in the mid 600’s.
Really?! I’ve been thinking the same but am too much a piker to place a lot of chips in that square!
A fickle market. The slope could get steep if people decide they are weary of underwriting the losses. Or at least I am comfortable risking a small percentage of my account that is the case. I don’t think that the smart money is in at these prices.
If you believe in charts, then it’s easy to see Amazon in the 5’s next year. Or lower. That 360 I laughed at actually makes good sense from a profile perspective.
The disturbance in the force was strong today. It will be time to use the force again next week. Tuesday may set the tone for the entire month, which sets the tone for the year normally… 2016 was not your typical year.
I came into the day short. Got out of half the position around the close. Will enjoy the long weekend and will re-asses Tuesday morning.
I have a feeling we’ll be looking at a nice gap. Unsure which way it will gap at this point since the market rallied in the last 5 minutes.
After watching the sheep sell all week, I went long into the bell. Let’s make some money.
LMFAO!!!!! but you waited 3 days later and 20 mins after the massive gap up to post about it? 😉
He posted this yesterday.
he posted this yesterday at 6:26pm…..after the futures market opened for the year at 6pm.
he was talking about amazon and waiting at 3:30pm on friday. Could have easily said “i’m going long.”
Exactly what I was thinking. Lol. He does this ALL the time
So glad we have this smart money/ institutional guy to show us how it’s done.
bot next weeks GLD 108 puts here
oops….
should have waited for 111 instead of 110, but still like the chart for lower.
Russell giving up a 1.25% gain can’t be good….
Digesting gains from levels that were a little too enthusastic this morning, imho. So far doesn’t seem like we are seeing a shift into bearish breadth and individual stocks are still being chased to the upside. Not seeing any major signs of deterioration of leadership, just coming down from breadth levels that were a little too hot to begin with.
http://ibankcoin.com/hattery/take-a-big-breadth/
Jeff is fslr still your biggest pos?
I added back in after last earnings. Or are you looking to square off again?
What do you mean boss?
I thought MSGT HARTMAN’s comment was supposed to be sarcastically funny. Figured he was joking around since of course any trader who saw the futures open up at 6 PM last night and saw them quickly jump up would know that there was about a ninety-something percent chance of a positive open today and so he fired off a comment at 6:20-something PM last evening joking that he had gotten long before the closing bell on Friday.
“i got long into the bell. let’s make some money.” ….that’s a joke to you? the bell was Friday afternoon.
Well – originally I was going to reply to him “Now that I see the futures are up for the New Year – I also want to make sure everyone knows that I loaded QQQ calls a few minutes before the close on Friday.”
Point being – I figured he had to be joking since no one would actually think people are that simple to believe such an “after the fact – look – now I have a winner!” comment. It sounds like you know his modus operandi better than I do in which case I guess it might have been a serious comment.
NVDA got altitude sickness
Hi Jeff,
Hope you had a great New Years with your family and friends. Here’s to a healthy 2017 to you and yours. Great call on the biotechs so far! Don’t know how you do it…but you remain on fire.
More importantly, how did you think you fared on your test last week? Hoping you nailed it!