As discussed in After Hours with Option Addict last night, I bought $BIDU calls at the open. I’m still holding the position I bought on 5/4, which expires next week. That hold pretty much had me shitting my pants on the regular this week.
I also picked up $PI calls and loaded into some $SNAP.
I’m stepping into these longs knowing there’s a 50/50 we revisit the lows of this week. Not the best odds, but I like what I picked up that much.
My week could have been insane had I waited for the washout to buy my weekly calls. I’ve added $COF, $EDIT, $BLUE, $BAH, $SFUN, $KNDI, $VNET to my watchlist next week. We’ll discuss these set-ups at the close today.
Have a good weekend,
OA
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anyone likes SHOP on the dip?
First time purchase?
no. my first time is ridiculous. so this would f up my overall cost basis. But that lot is for a long term hold. this one would be a quick trade type.
Bought some JDST at $73.3.
$SNAP. Dear god. In with you because if it works this time around and i sat it out, the pain would be unbearable.
Like the JDST – Im long a slug from $72.
Four years ago, when gold and GDX were at about the same level as today, JDST was at 65,000.
Got $GGB and $BIDU close to the open and got some $FINL. $VALE gapped, no chase.
ONVO was a heavy turd today.
Trend is still intact though and the sell off was on very weak volume. Looks like a good buying opportunity. I’d buy calls on Monday if I get the chance.
$SNAP is tempting. $KNDI was my cash cow once upon a time, so I’m all ears.
Sheeut. Getting quiet in the OA room. Indicator acknowleged.
Good Lord, I’m frozen on $PBYI.