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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

IT WAS THE SLOWEST START TO A WEEK I EVER SEEN

Option Addict Mon Feb 6, 2017 3:34pm EST 19 Comments

Waited all day for something mind blowing to happen. Apparently, there is nothing in this tape today to find meaning in.

Starting this week, my Trump portfolio stocks are reporting. My hopes are that they all miss, sell off, and afford me the opportunity to buy lower.

The first one on my radar is $ACM tomorrow morning. If it opens lower, I am taking a position.

I’ll discuss a few more of these after I seem how $ACM trades.

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19 comments

  1. matt_bear
    matt_bear
    February 6, 2017 at 4:19 pm

    $KMI is the 2017 ANGI.

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    • ThomasJefferson
      ThomasJefferson
      February 7, 2017 at 11:25 am

      Always buy more time with $KMI. That’s my rule. It takes a while to decide it wants to go in my experience.

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  2. probucks
    probucks
    February 6, 2017 at 4:51 pm

    Gold miner short squeeze was in full action today but other than that the market was full of zzz’s.

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    • kamel
      kamel
      February 6, 2017 at 5:20 pm

      Gold is coming into the post election fall zone – watching to see if it pushes up through there or fails- things could get interesting, but I am thinking a nice sideways action over the next month sounds about right, especially with everyone talking about gold and seasonality and Trump uncertainty and global crisis

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      • probucks
        probucks
        February 6, 2017 at 5:26 pm

        I was long gold/miners at the very bottem in late Dec and just got out today.

        I’m cashed up and looking for something new.

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  3. traderconfessions
    traderconfessions
    February 6, 2017 at 5:08 pm

    Post Traumatic Super Bowl Disorder is responsible. Particularly for the NE haters.

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  4. al
    al
    February 6, 2017 at 7:39 pm

    https://www.bloomberg.com/news/articles/2017-02-06/five-charts-that-say-all-is-not-well-in-markets

    Interesting point on number 3. Make’s me want to initiation more option positions given volatility might be underpriced.

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  5. vandamme
    vandamme
    February 7, 2017 at 9:44 am

    Lvs looking shaky

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  6. traderconfessions
    traderconfessions
    February 7, 2017 at 9:56 am

    WUBA making a move out of nowhere..

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  7. heckler
    heckler
    February 7, 2017 at 11:12 am

    Anyone grab YRCW?

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  8. Hattery
    Hattery
    February 7, 2017 at 11:26 am

    picked up YY calls

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  9. lol
    lol
    February 7, 2017 at 12:02 pm

    https://1.bp.blogspot.com/-wOZUMVXiKL0/WJn6zgWusBI/AAAAAAAAA2U/BIYxX6eTeYktXtW0hGSah4qIRKM8VJ4UQCLcB/s1600/concern.jpg

    We had one of these rising wedges in 2013 before it resolved higher, but worth being aware of as rising wedges can be bearish patterns.

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  10. ThomasJefferson
    ThomasJefferson
    February 7, 2017 at 12:59 pm

    $ATI taking it on the chin again. The break under $21 has me looking to book if it doesn’t reject.

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  11. thehouse
    thehouse
    February 7, 2017 at 1:31 pm

    Getting very close to capitulation in UAA. I’m starting a position in this today for the longer term account.

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  12. AFlow90
    AFlow90
    February 7, 2017 at 1:34 pm

    Adding some LVS 54’s to go with my 55’s. Chose Feb rather than March which may have been a tad aggressive…

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