I took my last trade on $SNAP about an hour ago. As discussed, I’ve been wanting one extra week of time behind my April 22 calls.
I bought Apr28 25 calls for an average of $o.325 today.
I also picked up $FNMA at the open and $WDAY calls as well. Booked $LVS gains and might book $BOX or $YELP calls too.
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Maybe a little more down side to 20.50, unless we break above resistance at 21.40 before we go ballistic
https://www.tradingview.com/x/owPKgF2k/
I’m not a big user of Fib, but shouldn’t the Fib levels cover the full range? you’ve got it topping just below 28 which doesn’t make a ton of sense to me.
this is an extension, which is a projection of where price may go
and the range you are talking about, I mapped the previous leg up, it is more relevant to this pull back which is happening now
Bezos has fucked up your PLUG indicator.
quality names are going up at the same time too, this works if quality moves sideways or down but shit like plug is getting bought
Completely. Was hoping some folks bought that as an indicator. Not bad to wake up to a double.
$P Nice weekly IHS. Unusual call activity.
Apr. 5 at 1:38 PM tonynguyenstl
$SNAP how do I short s stock? You can not do it on robinhood
Nuff said
Haha where was this?
Stocktwits but of course
Lightened up on oil plays but looking to reload on potential pullback
heres your pullback?? XLE red now
I ended selling the rest. looking for a deeper pullback
Re SNAP-
it means nothing at this blog= but the initial 30 day lock up is here and they are scaring the people looking to sell. SOB friends of mine who sucked corks to get shares at 12.5 dreamed of candy, flowers and yacht dates with Barry Manilow if the stock went to the moon.
Thanks for giving me a forum to give a shout out to those who texted me about their lives changing when the stock was near 30 and going to 60.
you consider the fact that Snap also amended the lock-up period that applies to its own employees. Lock-up periods of 180 days are pretty standard, but Snap has reduced that to 150 days for employees, which is also the same amount of time that Snap’s founders and early investors have to wait before selling shares — even more shares than they’re selling in the IPO.
So in 5 months, big lockup is over.
People just assume you can’t synthetically short the stock to lock in a price well before your shares are available to sell
Uhhhh yes. As an employee you are usually not allowed to ‘short’ your own companies stock.
OTC markets are a beautiful thing.
Looking at this symbol
TRIP
it has been a stair step down but seeing a divergence
room to 46- then out in time to 60
“My competition said I wasn’t ready to face him
My teammates said ‘I think we need to replace him’
All the haters used to say ‘Boo we hate him’
I wanna thank y’all for the inspiration”
-Papoose, “Born To Win”
Stinking Bishop
Now I am really scared that SNAP is going to truly flush. It just seems no way it is going to go up – simply no catalysts.
that means it must go up then
Exactly. The more it falls, the more it will scream higher later. Makes perfect sense.
Doubling-down on SNAP. Now its become personal.
This still doesn’t seem like panic. Pretty good defense of levels all things considered.
The more SNAP drops, then more weak longs will be forced out and the bigger the rip will be later. YOLO, right guys?
If we say it enough, it has to come true.. hopefully before April 21st..
haha theres your flush??
lol, why do you fucking care? Move on to something else.
The problem is you are too thin-skinned to be a blogger. You parade your successful $SNAP stock trade all over the blog, insult anyone who disagrees with it and trumpet your son’s success in his grade school stock contest. But the minute the trade goes against you, you start whining about trolls and deleting posts from anyone that isn’t licking your ass. Grow some balls, man.
No, fuck you.
What kind of fucking human are you to talk about someone’s family? Like really? Molested as a child? Caught your wife in a gangbang while at work?
Seriously? It wasn’t anything bad at all–just a joke. Lighten up.
Fuck you. Fuck people like you. Sick fuck. People like you get what you deserve in the end.
wtttttfffffffff? All he did was mention your son’s grade school stock contest, in a non-offensive way, and you think that is an asshole move? Then you proceed to shit talk based on that?
Troll to the maxxx.
Fuck you too, you don’t see all the comments left here about my wife or son I’ve deleted. Go mind your own fucking business.
Dude, maybe you really are a nice guy, but you’re wound up way too tightly. This place isn’t any fun. Cya and good luck.
Btw, for those that are curious. I joked that the school may need to nix the hall of fame bust planned for winning the stock market contest. Obviously a light-hearted joke about all the attention the school contest was receiving.
ya bro, check you out hard at work trying to work comments in to razz some dude about his kids school contest.
Get a life, poor broke fuck.
Don’t motivate me to get personal too.
$PBF, $CRR, lots of energy plays looking tasty down here.
Talk about my family I’ll cut you motherfucker.
It takes giant balls to put your trades out there for the world to see and mock. I respect any who do it, even Cramer.
It’s easy and lazy to talk shit about people when their trades are working against them. What’s the point of it? Does it make you feel better about yourself for a few moments?
+100
Honestly, this is getting fucking ridiculous. One person here puts his real name, picture, location, and reputation out there trying to help free readers… FREE… If you want the right to talk shit then do the same. Don’t hide behind random names, blank avatars, and your fucking keyboard. In other words… “Grow some balls, man.”
And anybody who says their posts were deleted SOLELY because they disagreed is flat out lying!! I’ve disagreed with OA in the past and wasn’t treated with an ounce of disrespect, regardless of the outcome. Grow up.. engage the idea flow.. leave people’s families out of it.. or go back under your bridge…
Damn right! BTW it ain’t over till it’s over!
Long time reader of your blog, first time commenter. Really enjoy reading your blog!! I think your analysis is top notch! Hope the haters don’t persuad you from continuing to post quality ideas and setups for those that benefit from your ideas/input.
-degenerate millennial
1 for sure
Dammit, posted ” 1″ lol
For some reason the plus sign does not work on iPhone or iPad.
Glad you understood what I was trying to say haha
OA, what percentage did you end up taking home in LVS if you don’t mind sharing?
If you’re too lazy to do your own research to find companies that return higher than average profits and follow others trades then don’t complain when you get burned.
SNAP under 20 looks inviting.
Bah. Maybe there is some merit to the suit on SNAP and that is why the underwriters haven’t been aggressive about hyping it …maybe their legal depts told them to chill. Circumstances may have undermined the very thesis for the trade. Shit happens.
TWTR’s underwriter hype was very milquetoast as well. $41 avg target, stock was trading at $41 on the day of quiet period.
Bought GOOS and MULE today , starting a petting zoo. Anyone else making a play ?
I’ve been In GOOS for a bit.
Sending out vibes of tranquility, peace and prosperity to all on this blog…owhooom…..?
Don’t start. I was just starting to wind down.
I gotta admire anyone who puts themselves out there, fields all the crap day after day from the trolls, and keeps forging ahead. You’re alright, big guy.
Missed all the chat today but saw the snap chart. Figuring we see a gap down open near 20 then run higher for a few days.
For every $SNAP (which isn’t dead yet), there’s a $YUMC. Thanks, Jeff.
Jeff, sorry to post here but trying to sign up for tradingaddicts. can you send me the link? Thanks.
Ouch, how did it go? Do not check your account for the bigger prize is around the corner…SNAP
Yes the pain is real.
It is actually soon to be gone – nothing left in there unfortunately.
the trade isn’t even working against him thats the funniest part
Anybody who listened to OA at the onset is still in the money. ‘Nuff said.
Tired of the moaning because you decided to hop on a trade much higher, attempting to get the milk without buying the cow (an OA membership).
Mr. Market drinks your milkshake, and rightly so.
Agreed. Rolled my profit to higher strikes and I’m giving it back. On to the next one.
I didn’t take $YUMC last week and when I looked earlier this week, it was too far gone. Wowzers. Hey internet trolls, here’s a suggestion. Take some accountability for your own trades (if you even trade with real money.) There are plenty of great ideas posted FOR FREE on this blog. If you can’t manage your entries, position sizing and exits, that’s your tough luck. If you’re expecting every idea to catch the bottom tick on entry and sell at the top, you should probably head to your local psychic. I do have two trades on with $SNAP. Both are underwater. That’s fine. Both are appropriately sized trading positions.
If you don’t like the tone of the blog, don’t read it. Quite simple, really.
just bought APR 22 monthly calls. Interested in joining you on the extra week 25 too. SNAPNADO is a comin’ trolls
Added Apr 21s.
I’m recalling my own sentiment and emotion following Jeff on the TWLO trade last year. It was around this same time (so to speak) in the trade and how the stock had moved, that I bailed. I had been up 200-300% net across a few expiries early on, then down about where I am now in SNAP (-68% among 21 APR 23’s, 21 APR 21’s, and 19 MAY 25’s). I’m only down at all now mostly due to some greed on my part – timing not being perfect but jumping in anyway at (in hindsight) inopportune times. In the TWLO trade, I waited through about a week of down days before we got the initial second push which brought me back to just above break-even, and I bailed completely at that point. I can’t not trust this trade. After I bailed on TWLO – even after the initial bump and flush – I missed out on a 900% rip in the days that followed. I went in to SNAP betting my entire position cost, and am willing to see this through. I don’t think this is lost at all unless you’re in some near-dated expiry. Betting weeklies for massive risk/reward is great if you win, but it looks like quite a few have lost by not having paid for more time value or not having an exit strategy. The troll is still strong, but this thing seems to have wiped out most of the bulls and picked up some shorts yesterday. Pain is up.
Great comment. A higher low today probably completes aversion, too. Who knows, man – I’m just buying these calls. The trolls will eventually get bored and go back to throwing poo at each other on Stocktwits.
I can say that without any shadow of a doubt, Jeff is the real dea. You all should be grateful he continues to share his setups. He’s a master of the game and can teach anyone willing to learn.
– SNAP will turn around big time soon…when the majority throw in the towel. Today? We’ll see.
Short GOOGL here – looks like an OAish entry to me ….comments?
OA – nice call on RETL. nailed it.
Absolutely! I took his recommendation bought at 28.3
My dumb friend who bought snap at 27 is texting me if they should sell it
SNAP on the 5 mins daily looks like the sentiment chart too. Am I right?
I wanna add to my 21 strike again.. someone talk me out of it..
…I have now updated my display name and avatar to adequately reflect my buying decisions.
Tripling down here.
quadrupling down now
Bought 1000 shares snap
As a recovering debt-aholic, I currently have a lot of bills to finish paying off, but I do have an investopedia account for practice. Studying all the advice you and the fly give, and I am up by about 20% since last month. Thanks for the schooling!
Bought SNAP 21 calls @.1 expiring tomorrow
ARNC/ URA also
My longer term accounts are loaded to tell gills with URA, but I’m buying more if we break here. What’s gonna happen, a 7th consecutive down year? I’ll take the other side of that.
I have the May 16 calls. Looking for short term pop to 17-18.
OA, put the membership in front of this one in plenty of time to make 500-1000%. Maybe it did not play out later in the game as he forecasted but if you were in from the beginning and managed yourself right you would be nicely in the green. In my case I mismanaged but the ball was put over the plate. Rock on , OA
OA….any thoughts on $CY here as a play?
WTF is $AMBA doing? Is it just me or is it going from a consolidation pattern to a descending triangle?
still looks like consolidation if I’m zoomed out on the 6 month or 1-year daily.
Monthly kind of looks like the SNAP daily on Tuesday. Gonna break one way or the other.
Still consolidating. I rolled into some May calls slightly ITM in case this takes longer than I thought
Thank you, I see it now, I kept seeing the $54.10 price level trend from 3/22. This sure seems like a weak exit from a large and long consolidation pattern.
Added more short this am. April puts on WFC, HD. Short PSEC.
Not being an options trader, are the SNAP April 13 23’s “dead”? I cannot enter an order to try and close my position. I see there are no bidders, but what if SNAP jumps 5 points? Can I not have an order in to sell? Thanks.
If there’s no bid, then they’re dead.
Dead for now, but you still have a week left. There will be a bid if the stock gets closer to the strike. Every once and a while, options come back from the dead.
I see a nickel bid on the 23’s
You are correct. I mistyped as I have 23.50’s. Thanks for all the input.
Took some TWTR, looks like the spot on the weekly view.
Considering SPLK and JKS, but already a little more extended than I want to be. Would have to take something off if I was to jump into those.
TWTR’s done nothing but jerk me around but my typical window was around 45 DTE.. I think OA talked about needing a decently long window to see some good returns. What did you grab?
April 15’s to appease my inner degenerate gambler
May 15’s to try to catch that initial push (not quite a full position…still waiting for that quick dip that gets bought up)
Depending on how things go, I might either add to my May position or go out to June.
Yea I’m watching that 14 support line, it resembles a bit of the sentiment chart at the bottom if it holds
https://www.ronco.com/opportunity.html anybody putting down $5000 with a Rotisserie bonus? Wish my broker gave me as-seen-on-TV kitchen appliances for my investments.
Also anybody thinking about playing the banks into earning next week? I’m waffling.
I have some GS from yesterday, added a little this morning as well.
Long QQQ April 130 puts at 38 cents – – Very OAish set-up potential on daily and 30 minute chart methink
$Orcl Late, large buyer of April 21, $44.50 calls! Interesting wedge forming.