“HEY OA – THAT LOOKS LIKE A DICK!”

I will find a spot to sell my CBAK shares that I own from $2.76 today. That’s the type of move that makes you want to puke.

I can’t even keep track of wins anymore, unless you need a new one.

We bought a bunch of YELP calls yesterday, because it was the only stock I could find that was up in the morning and selling off in the afternoon. This morning, I bought calls in GOGO, hoping to trace a similar move.

With a holiday shortened week at hand, I will be here for the remainder of the day, but will be out tomorrow.

I’ll be looking for a few more trades today, so check back to see if we put anything on ahead of the long weekend.

OA

Hey look, I know its been a rough year. Many fell victim to the markets deviant ways this year, showing up for greatness at the end of the year, then throwing in the towel when the selling dried up. Like anyone else, I took a good ass whipping. I reversed a +25% gain in the first half of January, and turned that into nearly a 25% loss through April. It wasn’t the first time in my career I’ve done this. It likely won’t be the last.

I used my story of ANGI to illustrate group sentiment and how expectations had gone astray last year. Putting folks in front of moves that weren’t enough, or having to wait a couple days before a trade started to work. This place went from hundreds of comments per multiple posts each day to a ghost town by April. Funny how the market works when you consider where your mind and emotions were at both points in time.

As I’ve tried to explain over my tenure here at iBankCoin, as option traders you are going to encounter draw downs and difficult market environments. Trading won’t always be easy. However, by following our risk management rules, you’ll stay in the game. Those that did stay in the game, and gutted it out over an impossible 4 month stretch, have learned more from that experience than most traders will in a lifetime. I got back to my highs of the year last week, and am heading towards 40% on the year. I still plan to double up at minimum this year, as most of you will that trade with me.

So here we are again, getting filthy rich one day at a time. It won’t always be like this. But it will most of the time.

Your Friend,

OA

SHOULD THIS STOCK TAKE OUT ITS IPO HIGH, I CAN’T EVEN BEGIN TO EXPLAIN WHAT THE GAINS WILL FEEL LIKE; NOR COULD I EXPLAIN WHAT IT MIGHT FEEL LIKE TO HAVE BORROWED SHARES ON THIS STOCK AND SOLD.

THINK HAPPY THOUGHTS…

OA

I know that many of you are on the fence as to whether or not you should give this a try. I felt it might be helpful to do another quick write up to help you get the most out of your experience. Especially given markets like this, that we completely dominate.

The After Hours with Option Addict service is an after market webinar. The theme of this daily meeting is market analysis and trade ideas, all mapped out together. I take this opportunity to teach what I see in stocks at any given time I trade them. I’ve carved out a niche for myself, which is stock picking and timing and I have a very simple way of helping folks identify how they can gauge the markets appetite for risk and how to determine which stocks are set to make explosive moves next.

With a membership, you can attend these 45min-1hr long sessions at 4:30 pm ET each day, or listen to the recording that is posted by about 7 pm ET. Here is what the site looks like:

The recording link will be posted in the blog field along with the webinar password, which can also be found in the upper right corner of the site. The link to the recording is posted at the top right corner of the site, and is also made available via Vimeo and posted in the blog field. I will also post the tickers that were discussed in each days wrap up post. To access the group chat room, you click on the “chat” link on the right hand column of the site. This chat room is used during our session to communicate questions and ideas.

I want to emphasize that these sessions are to teach a trader to fish. However, we do agree on trades to take and have frequent discussions on how to manage each trade as well. On occasion, we’ll have educational sessions as topics arise.

We turned our group into an incredible think tank as most members will agree. That is my objective. I want to help you read stocks and markets as good as any other trader out there. Give it a try and see if I can help you in the conquest.

OA

Are you watching this KING? A quick 400% return with ZERO heat.

So we picked up July 18 calls for .35 last week. That means you are in for $35 per contract.

Let’s say you had $500 to throw at this trade. You could purchase 14 contracts for $490 (14 x 35 = $490) and still have lunch money left over.

If you sold now at the last price of $1.75, your $490 investment would have netted you $2450. Not to mention, in only two trading days.

Long live the KING.

OA