THE TROLL SHORT WINS AGAIN

Please don’t get this twisted. Shorts have been very much right on direction. However, the TROLLING element is what I wanted to draw your attention to here.

With any instrument, once the tone comes through the way it has the last few days, that is a sign to get out of harms way. They sense you there, and the pain trade is clear as day.

Thanks for the social experiment everyone.

OA

I bought a block of $AMBA this morning. By tuck, I am putting this away for a bit. A buy and forget position.

Will look to make an add if this trades lower.

Also picked up $NK just over $11.

More later,

OA

Looks like another quarter of sitting in this shitbox stock named $TWTR. The $AAPL calls might exhale a bit, but I’m guessing it catches a bid off the open.

I’ve got two plays I am going after tomorrow: $NK and $AMBA. Both I will play via stock, and $AMBA for longer term.

I am in dire need of a watchlist makeover. I’ll have a few more set-ups for tomorrow’s After Hours with Option Addict and hopefully a “Trade of the Week” for tomorrows session.

See you in the AM.

OA

If you had to decide, Apple or Twitter into earnings tonight?

I’m finding very little here to discuss otherwise.

OA

Just an observation, as I am not overly concerned with who owns what, but I have noticed in the last few days that many have taken to the keyboard to attack the idea of higher oil.

Oil prices in the high 40’s, nobody cared. Oil prices down 10 of the last 13 days, its getting louder the lower it goes.

Again, I won’t debate all the things you’ve read about oil and where it is going. I prefer just to sit back an monitor sentiment and behavior.

This chart illustrates a relatively thin profile below. We’re on the edge right here. Naturally, a fine place to ramp up the discussions of how low oil will fall.

I haven’t bought $IWM calls since I was in high school. But I did here, because I feel its my duty.

They might try to probe the lower end of this range a bit to lure in some shorts first. If we end the day here or above, might be a decent location for a November play.

More later,

OA