I HEAR YOU JAMES

Hey, look at that. $TWLO is ripping faces off here.

Largest position with a few adds. Price target was $50. Eat up.

OA

I talked during the week of my free After Hours trial about watching for a rotation/move in retail. Since then, there were three different days where retail stocks were creeping to the top of the performance lists. Now with a few favorable earnings reports, retail stocks are breaking out left and right. $XRT just broke away from it’s YTD trading range today.

I also spoke about watching transports for this same type of move. The real opportunity was a few months back when the bullish percent hit 15…but there are still many stocks that haven’t quite broken out yet. We’ll probably do a top down tonight on After Hours to discuss this.

Other than that, I am a pig in shit today. My style was built around these conditions and they’re working to perfection.

Top ideas here: $NOW, $MBLY, $USG

More later,

OA

We’re approaching the 1 year anniversary of this Barron’s cover that printed last year. I remember being in an airport store and took a pic with my camera. Not long after I made this one of my biggest LT positions coming into the year.

I’ve been talking up this earnings announcement over the last few weeks. Mostly because implied volatility has been FALLING into earnings. When I take earnings trades, I am always looking for discounted premium, and $BABA options are trading at the cheapest prices they’ve ever traded into earnings.

From a technical perspective, the stock chewed through a massive wall of supply this week. In fact, look at an intraday chart of yesterdays price action. It spent the first hour and a half pegged at $85.

So after Barron’s talks about why the stock could fall 50% from the low $60’s, it’s actually up 40% since the magazine hit the racks. Think the next 10% is higher or lower?

Disclaimer: Long stock, bought calls Monday.

OA

I’m sick as a dog today. Could be the sushi I ate last night, or watching a 12% LT position in $FSLR sell off and reverse the way it did. Those moves can cause a little stomach churning.

Which by the way, don’t show up to talk shit about the stock now. Especially after you had an 87% return in the name at the start of the year while the entire world was melting down. Let it slip through your fingers? I don’t feel bad for you at all, so tell someone else that cares. I own the stock too. Have for 3 years. Blow me. Go ask someone else about it. I spend a shit ton of time researching, listening to calls, taking in opinions of others close to the name. Do you do the same? Or do you show up for a hand out, saying nothing with an 87% return, but rather prefer to show up and hate on the name in a situation like this. Take it to the message boards.

I came up with a new list of set-ups I like that we’ll discuss after hours. Right now, I’m thinking of booking a $PANW loss, rolling out $WDAY and $PYPL to September, buying a ton more $NFLX here, going “all in” on $BIDU and waiting for these other China names of mine to slow down so I can book some unrealized gains.

Watching $TSLA into the close as it sits at a spot that will dictate the next 10% move.

I bought $XON and $FCX calls this morning.

I anxiously await moves in $STMP, $TWLO, and $SSYS.

What’s your top pick here? Just looking to create some new chat.

OA

Notice the moves in $FB, $AMZN, and $GOOGL today.

These stocks showed strength early and backed off. Might not be much to draw attention to, as lower time frames look constructive. But AMZN and GOOGL trying new highs on fumes is interesting. They did the same exact thing in late December.

Personally, I’d love to see that money rotate elsewhere. Like my $TWTR.

OA

$TWLO. I put on my third installment of call options a few hours ago. Largest running position and am immersed in August 45 and 46 calls.

The selling pressure eliminated a lot of longs this morning. I feel like I’m one of few left here, with a huge sack. Of calls.

OA