I picked up $BITA and $YUMC calls today. Booked gains in $ORCL and $QCOM, and added to $LVS and $TWLO.
Thankfully, I have little else to discuss.
Enjoy the day.
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Joined Aug 2, 2009
1,847 Blog Posts
LOL that pic.
OA, did you take stock in LVS, or just a quick trade here?
More calls with more time.
i relented and went $LVS instead of $MPEL.
Not risk parity bullshit, but interesting nonetheless: http://www.zerohedge.com/news/2017-02-15/multi-billion-trade-meltdown-here-reason-markets-inexplicable-surge
Catalyst is one of my firm’s biggest competitors and their dirty, dirty gamma selling strategy blew up all over their faces.
Man, sooooo many people sent me this link. I deleted all of them.
Lol, why? Zerohedge isn’t the most reliable of sources but this checks out. Nothing actionable, but watching a $3b hedge-fund-turned-mutual-fund move the market is incredibly interesting, imo.
Causing us some headaches due to bad press though.
I watched the VIX. I don’t need some bullshit blogger to break down what I already see.
Fair enough. I have no love for ZH. They were the only ones to pick it up as far as I saw.
I’m gonna tickle some AMZN puts here though. Care to join?
I talked about it in After Hours, but they appreciate the click.
AMZN, no way. The set-up is no longer there.
It’s short term – I don’t think the C&H plays out. Plus it’s helping to hedge my long exposures a bit.
Time will tell friendo.
Pffft. Don’t take that tone with me.
Sold QCOM. Hoping for better prices.
There it is. Bought some back ;p
Incredible prediction on QCOM being rejected at 57, OA. I only half-believed it. Teach me your ways.
How increasing your number of trades can increase your returns (and tries to answer when diminishing returns comes into play).
http://ibankcoin.com/hattery/how-many-trades-should-you-have-at-once/
This simulation assumes trades held over the same period have no correlation.
At the end, I introduced an idea for how one might attempt to adjust to correlated trades and for less than maximally aggressive growth position sizes.
Could someone tell me if this is easy enough to understand or if I need to simplify certain parts of it? I’ll probably follow up with more on it later, and feedback would be great.
That Google Doc you did, were those all volume pocket ideas? Wondering if I just merge your lists and mine.
You can merge them.
Thanks for the write up hattery. Gonna read this over the wknd
thanks for CVRR…….that totally cancelled out my shitty BYD play.
Buying a stock at resistance is like willingly stepping up to a firing squad.
I love zero hedge and despise zero hedge. I despise them because they subconsciously convince so many people to go all out short at the exact time they should go all in long. I love them because the times they wet their pants the most hoping for meltdowns provide great motivation to power load short-tern calls in solid names during market selldowns. My fairly recent favorite – even more than Brexit – was the summer of 2015 “Greece will be destroyed and bring the market with it” articles that convinced so many that the end was near. By a combination of fortune and my aforementioned disdain for zero hedge – I power loaded FB and GOOGL calls right before GOOGL’s blowout earnings.
Whats your feeling on OAS right now? I have it until Mar17….thinking of cutting it.
I play to win.
I am probably just being annoyed emotionally from it…..I get your point
Yeah, that was easy to tell
Just piggybacked your LVS play…
You guys Big Pimping? Ticker PI
In and out for a loss today. Kept my stock from months back.
yeah so far PI stands for pain inflicting
The precision of that QCOM call was really impressive.
I’m getting back in but can’t decide how… 57.5s is probably “smart” but the 60s have me seeing $$$.
Wait for lower next week. Hoping for under $55.
Good call. Makes sense given the close on Jan 23.
OA, “dirty dash breakout” means what? Is this one you buy and put away or anticipate something happening soon? Thank you sir.
You want to know why I bought this? I bought it because I think it goes up.
Or are you asking when I think it goes up? I bought it because I think it goes up somewhat soon.
As a risk cycle gets extended, I think stocks like this get a push when a rally is long in the tooth.
Too funny OA “bought it because I thought it would go up”. I definitely made that assumption. But, yes, I was wondering time frame: a longer term hold or something else – and you answered it. Thank You.
haha, just keepin it real.
Long $CRK
OK, staring at $F, looks coiled to move. Cant decide whether to play it at $12 or $11.
Thoughts anyone?
1/2 position at $12, 1/2 at $11 if it gets there. Brilliant idea guys.