iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,826 Blog Posts

PAIN TRADE RIGHT ON SCHEDULE

Stocks are roughly 2% off their highs and bullish sentiment is plummeting.

Fund flows also show money has been working its way out for weeks.

Pain trade here seemingly obvious.

OA

If you enjoy the content at iBankCoin, please follow us on Twitter

48 comments

  1. tonka

    Gotta buy that French election dip before it happens.

    Brexit = 3 days to recover
    US = 3 hours to recover
    Frexit = -3 days to recover

    • 2
    • 0
    • 0 Deem this to be "Fake News"
  2. awanka

    FB making new highs again. I laugh whenever people doubt this name. Just give it a few months, my man.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Jim

      First target reached, booking half here and let the rest run

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • Option Addict

        Careful, everyone is going to hate you too now, lol

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • Jim

          lol bet those haters were probably bet the farm instead implement proper risk management on OTM weekly calls when you made that post. Even if they make money on this trade, eventually they will go bankrupt anyway.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • purdy

            The only thing more annoying that the haters is teacher’s ass-munchers who post about them. IMHO.

            • 1
            • 2
            • 0 Deem this to be "Fake News"
  3. Jim

    OA you should really use tradingview for your trade calls to the public, keep their mouth shut.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. Option Addict

    AHWOA PEEPS – I MUST LEAVE EARLY TODAY AN HAVE TO CANCEL AHWOA. WILL BE ON TOMORROW. HAPPY 4/20!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. og

    I see CLF ripping.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. mensch

    Very nice with $CLF. Especially appreciate the reassurance as it tanked yesterday.

    Bought $WEAT today at the lows. Hopefully the 6.66 bounce is a thing.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. purdy

    Things are lined up for ACIA here.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. dragun

    any YOLO takers on $SNAP today? I ma just riding out my Apr 21 C

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. Angel of Death

    I have emerged to place the Angel of Death jinx on the Golden State Warriors. They will win the NBA championship, and probably won’t even lose a game.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Option Addict

      So in other words, if you bought the team and became the owner….they’d all go down in a plane crash and the arena would burn to the ground in a fire?

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • Angel of Death

        I feel bad for Steve Kerr. My dad deals with similar back issues. It’s no joke. Hopefully he’s able to recover quickly.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  10. seaturtle

    The slow grind down from March 1 did a job on sentiment.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. Rough Lcky 11

    markets look dead worried about french election nobody buying

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. dlrago8

    OA, regarding KMI, I know you went in for earnings and didn’t care if you didn’t get a bump, but other than the Trans Mountain Pipeline, what else or other of their areas do you see giving this stock a nice boost? In July calls and wondering whether to ride them out or double down here at 1/2 off my buy. Thanks.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Option Addict

      Catalyst?

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • dlrago8

        Correct catalyst – I know they have multiple segments in their business but don’t see any standouts other than the pipeline. What type of news will make them pop? Earnings weren’t bad yet no positive reaction.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  13. stocksnblondes

    I took a tiny position in SNAP this morning right at 21. I’m not confident enough in it to take a big position, but I think theres a good chance for a rally after their earnings report (date not set yet). I don’t have any real insight other than I don’t think Wall St is giving their management enough credit, and the stock is heavily shorted. Its the first public earnings report, so I’m betting management comes out swinging about monetization plans and overall bullish going forward on growth plans. We shall see.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Option Addict

      lol

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • stocksnblondes

        Thought you may find it funny, but I hope you understood my earlier point that this thing wouldnt have a real lift-off until at least the 1st earnings report (where management instills confidence that they are more FB-like than TWTR-like). This is a pure earnings play and I’m positioned that way.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • tonka

          FB got bludgeoned to new lows after they beat their first earnings report.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
        • Option Addict

          Had all the confidence I needed til the talking heads blew the FB shit out of proportion. All the FOMO was there.

          Just funny from where you said lower, stock is still quite higher….and now you change tunes.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • stocksnblondes

            Want to argue this again? I never said the stock was going to fall or that it couldnt seing a few points upside (which is all well and good). All I said was that I didnt think the stock was primed to breakout in the time frame that was being portrayed. You got thr call half right, it just didnt follow through.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • Option Addict

            My only argument is you got it all wrong though. You pitched the argument at the lows as this thing was turning up. Now you’re a buyer.

            This is what makes the internet gay. Everyone has something to say, all of minimal value.

            • 1
            • 0
            • 0 Deem this to be "Fake News"
        • Beechoo

          When is SNAP earnings

          • 0
          • 0
          • 0 Deem this to be "Fake News"
  14. PartTimeLover

    My Dad likes
    ABBV
    UTHR

    Don’t get down on Dad- he likes those obscure names- but is big into the drug stuff like OA
    called me yesterday during the market and said
    he YOLO’d on GE puts
    lo and behold – wtg Dad.
    (no, I did not follow)

    maybe I will go into ABBV
    the open interest is crazy

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. greenlander

    added some Jun/ July plays in XOP, MYL, GS, and GLD short. Let go of VXX May 5 puts as things were getting too tight and took proceeds for longer dated stuff.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. dlrago8

    Purdy, I think ACIA beats their downward guidance. Hoping for a gradual rise into earnings and a pop on earnings new. Wishful thinking and a gamble but this one with good news will pop.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  17. ferd

    Mr OA sir. Nice move in bonds tonight. Are you looking for the very long term trend to break …or just a tag of the trend line?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. hattery

    http://www.zerohedge.com/news/2017-04-22/retail-bubble-has-now-burst-record-8640-stores-are-closing-2017
    This makes me more bullish in retail. More store closings than 2008.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. thomasjefferson

    Was Friday’s recording corrupted?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. Rough Lcky 11

    BLUE looks good here hope it doesn’t make anyone blue

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. Beechoo

    Wow. Such silence today

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. Krusty

    OA, is this a nice spot to take a long position in $TAHO?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. Rough Lcky 11

    shh be vewy vewy quiet bugs

    • 0
    • 0
    • 0 Deem this to be "Fake News"