Come One, Come All

What are you waiting for? Our first meeting kicks off at 4:30 PM ET.

To answer some of the FAQ’s from earlier today…

YES, I will be recording these meetings. Promptly after our meetings, recordings will be uploaded and made available for 24 hours, until the next and newest recording is uploaded.

I will post a link to the webinar in the “After Hours with Option Addict” blog. You will also find the password and recording links there. Take a look:

The discounted seats will likely only be available for the remainder of the day. If you have questions, please post them here.

Note: Today’s password: abc123. Passwords will not appear in webinar emails. They will be located daily on the After Hours with Option Addict page.

Also, if you’ve never used GoToWebinar before, here is a GoToWebinar Attendee Quick Reference Guide for those of you who are about to get lost, frustrated,  and start causing a scene.

OA

We are now ready for launch of my new premium service with iBC.

This service will be an after hours themed live webinar each trading day (4:30 – 5:30 PM ET) that focuses on market analysis, locating trades, trade planning, and position management. While most subscription services out there will offer you trade ideas, I want to focus on something totally different than the rest, and that is the aspect of generating trade ideas together as a group.

After hours market prep and trade idea research for the upcoming day can be a daunting task, and one that can take hours if not properly pointed in the right direction. Think about how much time you waste watching CNBC, reading dozens of blogs, scanning twitter…Not to mention, the time spent researching trade ideas can lead to lousy results. I’ve spent my entire 15 year career, focusing on my skill set as a stock picker. The truth is…its easy. I want to show you, in a live environment, exactly how I accomplish this task, and in less than a half hour each day.

In this live webinar we will focus on the following activities:

• Market analysis
• Sector analysis
• Stock analysis
• Stock scanning
• Options trading
• Trade planning
• Swing trading, day trading, investing
• Watchlist management

And much, much, more.

Financial media does a terrible job of pointing out the things that really matter each trading day and putting you in front of actionable trade ideas. This is where you need an expert to simplify your approach and help guide your efforts. A live webinar not only helps clarify all talking points and translating them into results, but it also gives you an opportunity to interact with someone with considerable market related experience. We’ll save a specific amount of time for Q&A each day, which means you will have a proven expert to look over your shoulder, and offer up advice or methods that can improve your processes and trading results.

I’ve had a decorated career in trading and investor education. I have helped thousands of individuals become better traders by putting them in front of explosive moving stocks and showing them how to use the leverage of options to generate considerable gains on a consistent basis. More importantly, I want to show you how you can do this on your own, in just a few minutes after the market close each day.

I am offering a free trial to this service. Try it on, see if it fits. If I can’t help you locate more explosive stocks before they take off, feel free to cancel. However, I doubt you’ll find more effective trading ideas, set-ups, analysis and trade planning out there on the web. Not to mention, in a learnable environment.

Sign up for your free 2-day trial here: https://ibankcoin.com/afterhours/after-hours-with-option-addict/

I’m going to take the opportunity today to host a Q&A session here in the comments. If you have any questions at all, leave them here and I will respond to them as soon as I read them. Thank you.

OA

Fire up the solar panels…I locked in the remainder of my FSLR position here at $39.25. Also bought some Sep 41 calls as well.

I think solar will be back in play this week.

OA

Having been out of my office for most of the week, I am going to give a quick update of my holdings, as of this very moment.

Calls

AA Sep 9 .05

GMCR Aug Wkly5 80 1.65

DECK Sep 60 1.40

WLT Sep 15 .70

YELP Sep 55 2.30

KBH Sep 17 .80

UNXL Sep 16 1.40

SODA Sep 67.5 1.50

BAC Sep 15 .17

BBRY Sep 11 .41

GS (YOLO trade, today’s 160 expiry $.07)

TZA Sep 27 1.05

Stocks

ROSG, ADHD, GLUU, MTL, PACB, PLUG, JKS, ONVO, OSGIQ, SIFY, RENN

While most stocks were beaten badly into the close today, I noticed an unusual set of circumstances unfold before my eyes.

I hold a 4-5% position size in TZA calls, which I’ve been holding since the 13th. Those calls did ok. However, I am also holding calls in DECK, GMCR, UNXL, BAC, and YELP, and shares in ADHD, PLUG, PACB, and JKS which all flourished today, as if I had known they would do so in advance.

It is quite an unusual circumstance being net long stocks, when stocks as a whole are down sharply, and then banking coin in your longs as well as in a big hedge. It’s as if I was meant to play this sport.

About the market, there are 3 things I want to point out tonight for you to ponder. First, I am watching only two market “tells” right now. One is the Russell, which did not move to new lows today, and the ITB, which was relatively strong on a day of market defeat. The housing stocks led this breakdown by a full day, and their rejection of this breakdown will quietly summon stocks to trap short sellers in borrowed positions, and cause them to cover at substantially higher prices.

Last but not least, I am watching the McClellan. It is my bread and butter in terms of market timing. While the Dow, S&P, and Nasdaq traded to new lows today, the McClellan did not. Breadth was not terrible today. In fact, there were a good collection of stocks that rallied today, as you well know. With a little blow off in the VIX today, I want to call “bullshit” on this move lower in stocks. Rather than do so, I will try to position myself where I feel it will count most in the coming weeks.

OA