iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,781 Blog Posts

WENT SHOPPING

A week of little to no movement is fucking awesome if you own short dated options.

I had a small pile of this weeks expiry’s in a handful of stocks that expired today. On the week I booked gains in $PI, $COH, $QLYS, $CYBR and $YELP. I also booked a monster in $DSX from $3-$6.

With the proceeds I’ve moved into $XON, $BLUE, $CLF, $AKS, $URA, and $JMEI this week. Tempted to grab an energy name before the day is over as well…$CRC.

Nobody wants to buy here in front of a long weekend with MOAB’s falling from the sky, so I am taking my chances.

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28 comments

  1. thegametheorist

    Added to CRC a few min before this post. (It’s my
    Baby) I like the take here

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  2. dlrago8

    Let’s end the day GREEN all around.
    CLF SNAP GUSH (gambling on that drop to 66 for a quickie reversal)

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  3. og

    I don’t think anyone CEO defends his stock as well as Elon.

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  4. tonka

    If I had to pick one investment to lock up for 10 years and not look at it, it’d be URA. Looks good short term too.

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    • tonka

      If there is a final flush towards break even for the year I will probably abandon all semblance of risk management.

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  5. philsy13

    $SNAP is retesting 60 min downtrend line. Perhaps it will bust through.

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  6. matt_bear

    i’m going out on a limb and saying your next round of purchases might be the most profitable of the year, and most will end up passing. lol

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  7. thomasjefferson

    I ended up closing out $TSLA shares for a very large gain. Shares were up a little over 50% from my average basis and it was a position I’d added to a couple of times. Choppy makes me nervous, and I haven’t been able to shake the thought that it’s got some downside ahead. I’d probably start rebuilding the position around $230, and add down to the $180’s.

    I’ll probably regret it, but I couldn’t shake the feeling.

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    • og

      I think a lot of people just waiting for a pull back to $280. $180s again would be a the sky is falling scenario.

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      • thomasjefferson

        I prefer to buy ‘the sky is falling’ anymore. Particularly for this account, which is stock and has a ‘forever’ time frame (most holds are 5+ years).

        The dip a lot of people are waiting for usually ends up being only about half of what they get. I have learned about that the hard way over the years.

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  8. krusty

    Bought $WATT stock and $CHK long dated calls.

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  9. vandamme

    TWTR looks good here

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  10. ferd

    MAC

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  11. anjingbauwau

    this market has the feel of flash crash about it….. Trump has put the market into utter confusin with everything he is saying and doing….

    I like Low interest rates
    Yellen can stay
    Bomb baby bomb
    China is not a manipulator of currency
    Lets give China a better trade deal

    The market hates uncertainty and I think the market needs to get a sense of WTF is going on in the WH.

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    • The Maven

      We do not need to know what Trump and Xi did and said during their meetings this week. But if you think Trump is some sort of stooge who will roll over to the Chinese you have not been paying attention for the past thirty years.

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  12. banned

    http://imgur.com/1PY8JES

    y’all remember when this nigga told everyone to sell right? damn y’all greedy af. why didn’t y’all sell??? SAD!

    nigga should go back to selling monthly subscriptions for $9.99 and teaching elementary schools kids how to trade so he can live in beverly hills then blame u cucks for being greedy

    sweater vest wearin ass nigga

    when will fly step in? fly too busy jerking off to MOAB videos on youtube tho

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  13. Rough Lcky 11

    wow straight outta Compton so glad i don’t live in the city

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  14. Jim

    no more love from OA for snap? it does look good today with that quick reversal, looks like a stop run to shake the weak hands.

    https://www.tradingview.com/x/H6YQIpbt/

    Gap fill anyone?

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  15. Jim

    SNAP/ QQQ pretty clear break out today, bullish sign?

    http://tos.mx/A0Nu90?image

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  16. Rough Lcky 11

    i like QQQ below 130 but i’m not seeing a buy yet on it

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  17. anjingbauwau

    weak daily close and a poor bar on the weekly… lets see what the long weekend brings

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  18. ThomasJefferson

    $DB interesting … wedging down into some support.

    Adding to $PACB long-long-long term account position.

    And I’m snake-bitten by $KMI, but it looks so damn good for earnings. It’s funny because I traded it for almost 500% the first time, then for the second I expired worthless. So I’m way up on the ticker, but I still have the terror of the -100% weighing much heavier than the +500%.

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