GLORY TRADE: OSGIQ

No, this is not a mutual fund.

My long in this trash shipper has weathered the storm of lower equity prices, and has been a safe haven to store cash while all other stocks were sold. This long is now +55% since entry.

Rather than pimp my book, here’s what I did today.

Lotto GOOG 885 calls at $.20 (they expire today)

Long Jul WKLY 840 PCLN calls $3.50.

I love coming back from vacation and immediately start having my way with the market.

More later,

OA

Top Picks going into tomorrow:

FSLR

DDD

Long of both, here.

Enjoy,

OA

I bought shares of GLUU for a steal here at $2.34.

This kind of spot allows me to let this trade turn into an investment…kinda like my RAX or IQNT long from earlier.

I booked part of my GOOG calls here at $5 for another 100% return, will sell the rest up near $885. My GS calls are about to rip here too.

Ballin.

I booked RAX for a big gain this morning, and right now am contemplating taking another monster move in YELP.

On the day I added puts on NFLX, Jul Wkly 205’s @ 1.90 and SOHU Jul 57.5 Puts @ 1.35.

I nibbled on some shares of USLV and SGOC.

I bought this weeks calls in GOOG (880) and GS (155).

“Feeling good, Louis.”

I dumped my calls in RAX for +100%. Picked up shares of SGOC.

More later.

Having been out of the office for the last week, it appears that I missed the most chaotic week of the year thus far. I had a good road map leading into the Fed and then all hell broke lose thereafter.

Day two back in the seat and I am just trying to find a rhythm. A VIX in the 20’s changes up my strategy a little. Yesterday I went for +10 in the NQ and took only one long in YELP calls. Here today, I dabbled in some Jul GS calls and a block of STP shares.

For the record, my market analysis is made up of a lot of cross confirmations in various asset classes and indicators. The only reason I am buying this week is that the $NYMO printed -98 again yesterday. Outside of that, my confirmations in other asset classes are broken, and need repair before I can start loading back into the market in any sort of meaningful way.

Right now, I am taking advantage of the volatility by day trading a few swings in ES, NQ, and TF…and trading a small basket of options. GS, RAX, AMZN, YELP, OPEN. I will look to add a few puts/shorts back near 1600.

As my signals start to align again, and I get back into a rhythm, I’ll start flinging more quality ideas. For now, I’ve got a few small bets on trying to find a few winners.

OA