MONDAY MORNING SHOPPING

I’ll be brief…

After selling some August positions on Friday, I was left with some new cash to deploy. Right at the open I went in on the following names for September expiry:

$YY, $LN, $ADPT and $ZG.

Market has been in consolidation mode for the last 11 sessions. We’re due for some expansion here this week.

Let me know what your top picks are.

I have several blown up earnings bets and such expiring today. It’s always a highlight when expiration cleanses the screens.

I sold my August $BIDU calls north of $13.00 today, from $1.60, $STMP calls for over 300%, and will be working these $JD and $TWLO 46’s into the close.

*Closed the rest of $TWLO and $JD calls for +650% each.*

I bought into some $TWTR, $IMPV….and have been staring down $RHT, $PYPL, $ADPT and $ZG. Speaking of which, I have a fresh watchlist for After Hours.

If I offended anyone this week, stop bothering me. Or at least ask me questions that don’t make me feel like I am making your decisions for you. If you want me to do that, give me the keys to your Zecco account and don’t let your woman see the statements.

Q3 BootCamp Cometh. Hope to see you there.

I’m obsessed with this $TWLO idea. The last time I obsessed over an IPO was $BABA. Remember that? I said that it’s IPO would follow the $TWTR IPO. Again, this was BEFORE it ran from $80 to $120.

Then there’s $TWTR. My highest conviction trade idea ever. I laid out the bullish case for taking a major stake in this just a couple weeks after IPO, on November 18th to be specific.

Here’s how that played out…

Here’s a look at $BABA, and the similarities to the $TWTR IPO. I made that call in mid October, a week or so in front of a 50% increase in less than a month:

Then there’s $TWLO. I said a little over a month ago that this stock might be the next $TWTR IPO. How does it compare thus far?

$TWLO had a good first week. The others didn’t. It traded flat for a few weeks like the others did, then made a solid week and a half run, like the others did.

After that run, all three stocks paused/pulled back for three days. The fourth day, they started the melt-up run. Big volume on the rallies, weak volume on the declines.

Guess I’ll know tomorrow.

I bought a truck load of Sep calls on $TWLO here only moments ago.

Looking for a blow off move in the next few weeks.

Feel free to interrogate me in the comments.

OA

I’ll use charts of the Dow to reflect the similarities this time. We’ve already hammered down the $SPX and $RUT over the last year, so here’s a fresh look:

The breakout brought a lot of sideways action back then. However, the Dow under performed the rest of the market as the defensive stance transitioned to offense. This is exactly what we’re seeing now.

Thanks for the questions. I hope you enjoyed yourself as much as I have.

My responses have been a little short this week, so I figured this might be a good way to clear the queue of of questions coming my way in the next day or two.

In any event, have a good evening, and grab a seat for Q3 Boot Camp.

OA