iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

I WISH TO BE LONG OF CRUDE, IN GARTMAN TERMS

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24 comments

  1. ironturd

    Gartman is a gift from the gods.

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  2. vandamme

    DDD legsweep?

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  3. Beechoo

    Twlo legsweep , body slam, choke hold, etc? This dog is done

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    • dlrago8

      We posted at the same time. Interesting you thinks it’s done and I was thinking it’s not. Good luck.

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  4. dlrago8

    OA, do you like TWLO right here for a long?

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  5. wayne

    UWTIF ERX GUSH

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  6. Z

    Out of ABX puts this morning here a few minutes ago for the gain and got some cheap VXX calls for a quick play.

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  7. Z

    I wouldn’t try to bottom fish DDD as arguably the main reason it popped the first part of this year was that it seemed there might be some truth to the buy out rumor.

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  8. Z

    COST about ready to break day low

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  9. traderconfessions
    traderconfessions

    CLR is interesting here if you want oil and gas.. I bought some earlier.

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  10. AFlow90

    OA I was thinking back to the last boot camp, specifically your thoughts on vol this year. I’m thinking the best play might be to buy long dated puts in the 10-12 range during a crisis/VIX spike. That way you fade the spike rather than trying to get ahead of it.

    Any sage advice or should I GFM?

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    • Option Addict

      I’ve addressed that already. There’s a time and a place, which is not here.

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      • AFlow90

        I agree the time isn’t right…. there’s no spike to fade here. Was asking after the mechanics of the trade itself.

        But i’ll just quietly GFM.

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        • Option Addict

          Yeah, sometimes I don’t relate to a thought that requires action for no other reason than the idea itself.

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        • infinitezuul

          It’s a winning idea so long as you wait until you see the whites of their eyes and buy long enough dated puts. Also, so long as it’s not different this time. But the idea of fading a spike vs anticipating one seems to be a higher percentage trade.

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  11. tway

    any thoughts on BITA filling that whole pocket up to 24.5 area in next couple of weeks, or is that a little over optimistic?

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  12. Z

    Got next week near money MNST calls a little bit ago

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  13. stockslueth

    TWLO long dated calls.

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  14. traderconfessions
    traderconfessions

    Betting AVXS moved too far too quickly.. small short at 66.28. Above yesterday’s high I’m out. Nothing wrong with juggling a hand grenade once in a while.

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  15. josh

    As did I, and i Missed my fucking entry on CL.

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