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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

I NEED SOME CHIPOTLAWAY

Option Addict Tue Jan 10, 2017 2:16pm EST 11 Comments

I’m literally shitting in my pants in these $CMG calls.

This one seems better than my last, which was buying right before the Willam Ackman announced he took a stake.

Where do you think this one is going? Clearly entering a volume’d pocket here.

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11 comments

  1. Z
    Z
    January 10, 2017 at 2:31 pm

    Will trim some ACIA puts on a retake of 57.7 or a break to new lows.

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  2. traderconfessions
    traderconfessions
    January 10, 2017 at 2:37 pm

    Broke a long term down trend and resistance too. Nice. Been following it for weeks but never pulled the trigger. I’ll enjoy your trade vicariously.

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  3. Heckler511
    Heckler511
    January 10, 2017 at 2:54 pm

    I guess I’d buy at $405

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  4. Rosenrush
    Rosenrush
    January 10, 2017 at 3:34 pm

    I got into calls last week, sold today when it hit the 200 day…I think it chops for a while but think it ultimately goes higher. Tempted to go with some kind of calendar spread to buy time but not miss the move if it happens too fast. Most likely will give it a little and then decide. Feels like downside is done for now other than maybe a gap fill, which would be an ideal re-entry point.

    Alternatively, should it gap again above the 200 day, I’d consider a quick put position (or maybe sell a call spread).

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  5. john_galt
    john_galt
    January 10, 2017 at 3:38 pm

    After such daily candle, better to take the coins of the roulette and run for the hills

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  6. traderconfessions
    traderconfessions
    January 10, 2017 at 3:49 pm

    Bought SWKS… added to YY…

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  7. Rob
    Rob
    January 11, 2017 at 7:47 am

    I went and added XOM calls, betting on a bounce today.

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  8. zephler
    zephler
    January 11, 2017 at 9:10 am

    top shelf stuff in AHWOA Jeff. It’s almost surreal how the content your provide, articulating your trading style, and just about everything in the video is EXACTLY the type of material that I have searching for for years….thank you.

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  9. Z
    Z
    January 11, 2017 at 9:54 am

    Locked in profits on ABX puts

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  10. ThomasJefferson
    ThomasJefferson
    January 11, 2017 at 12:30 pm

    Started in $WBS puts here. As mentioned, I’m leaving my regional banks alone until I see some earnings to press my bets or stop with .
    Bidding $GRMN long. Looking hard at $BV too.

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