iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,816 Blog Posts

BUYS INTO THE WEEKEND

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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12 comments

  1. beechoo

    anyone likes SHOP on the dip?

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    • Option Addict

      First time purchase?

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      • beechoo

        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.

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  2. thehouse

    Bought some JDST at $73.3.

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  3. brushfyah

    $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.

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    • ferd

      Four years ago, when gold and GDX were at about the same level as today, JDST was at 65,000.

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  4. tnapearson86

    Got $GGB and $BIDU close to the open and got some $FINL. $VALE gapped, no chase.

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  5. AFlow90

    ONVO was a heavy turd today.

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    • tnapearson86

      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.

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  6. doubleplus

    $SNAP is tempting. $KNDI was my cash cow once upon a time, so I’m all ears.

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  7. doubleplus

    Sheeut. Getting quiet in the OA room. Indicator acknowleged.

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  8. cascadia

    Good Lord, I’m frozen on $PBYI.

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