ADDING TO FSLR

In order to add on some additional leverage, I have initiated a Dec 70 Call position in FSLR.

I’m starting with my standard size, but will build this position into weakness.

Should you choose to follow, know that this is a difficult trade here. Tuck it and be willing to ad to it. Be willing to lose the premium.

OA

Both X and CLF calls are closing in on 400%.

Beware of ONVO, SPLK, and GME.

As you were.

OA

I bought share of CIMT at $6.62-6.63

I am also the proud owner of Dec CZR 20 calls.

More later,

OA

I think the biggest takeaway from last week coming into today was, again, patience.

Battles are not won with impatience. The other side of your trade won’t surrender at the site of your presence. If there is one recurring theme we’ve had on this blog time and time again – it is that the biggest money will be made when you sit tight. Not when you take actions dictated by emotion.

After Hours with Option Addict members – our objective two weeks ago was to determine where money was slowly being positioned coming into this month. Now here we are with the bulk of our positions on the top gainers list. Makes you feel like a champ, especially considering the SPY camp is +$0.44 today.

We’re not taking a complicated approach to this. The methods we’ve worked on are simplistic, and produce amazing returns. This is what they call “alpha.”

I’m building my buy list today, which will in turn make me a very wealthy man into year end. Stay tuned.

OA

I’ve got a few feelers out today in the above mentioned names.

Long SPLK Nov 65 calls .70

Long VMW Dec 85 calls 1.95

I couldn’t be happier that our materials theme from 2 weeks back is starting to see some serious traction. That and my FSLR is positioned to go up every single day til it reaches $100.

(I am intentionally trying to brag, so it trades lower and gives me an opportunity to leverage up here.)

OA

I’ve done very little this week, due to the ongoing rotation in stocks. Today, my stuff is beastin.

I find myself more frustrated than anything, having missed NFLX, GRPN and SPLK. These are trades I take 9 times out of 10, but hesitated with the ongoing churn in stocks.

Thus far Mutual Fund Friday has given you an idea of where the demand is for the near term. Make sure you’ve taken notes.

OA