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Options Trading with Option Addict

Option Addict
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

BEATEN MERCILESSLY IN RETAIL

Option Addict Mon May 15, 2017 2:47pm EST 18 Comments

The Stock Gods we’re displeased with my mention of the breakout in retail last week. Now, I am being tested holding positions….watching big unrealized gains transform into lunch money over just a few short days. Especially SHLD…but this situation seems all too similar to early 2012. I’ve been a huge Lampert fan ever since.

I’m convinced there’s more left to this recent run in various names, otherwise I’d head for the hills.

I bought some $CMCM today and on the fence about taking off $VIPS calls into earnings. I’d be risking a double, but naturally I want more.

I missed $NTES and $MULE today which rendered my day pretty much worthless.

Hope you’re fairing better than I am. Most of you, anyway.

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18 comments

  1. shawnji
    shawnji
    May 15, 2017 at 2:51 pm

    I booked $VIPS today (stock, not options.) Puts were a bit too dear for my tastes.

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  2. tnapearson86
    tnapearson86
    May 15, 2017 at 3:08 pm

    I got stopped out of my SHLD last week, on my daily watchlist to see if it can find some buyers and hop back in. Right now it looks like it will retest the lows.

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  3. Nocturne
    Nocturne
    May 15, 2017 at 3:14 pm

    As always sir, your transparency is appreciated. FWIW, last week uneventful. I do not trade the Faangs and missed reversals in Natty & Erl.

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  4. philsy13
    philsy13
    May 15, 2017 at 3:14 pm

    Lots of call buying in the May 26 43 calls $XRT

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  5. BadDuck
    BadDuck
    May 15, 2017 at 3:51 pm

    I believe it’s spelled ‘MOAR”

    Bought yolo weeklies in CLF.

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  6. jtizzle
    jtizzle
    May 15, 2017 at 3:57 pm

    CLF looked good today.

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  7. aflow90
    aflow90
    May 15, 2017 at 4:03 pm

    Were you out of BOX? Just took my gains today. Didn’t look like it wanted to breakout.

    I picked up CMCM last week and have a rather large BIDU position that I have no fucking clue what to do with. That thing just doesnt want out of the range, ever.

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  8. hattery
    hattery
    May 15, 2017 at 4:33 pm

    http://finviz.com/screener.ashx?v=211&t=GATX,AKS,BOFI,UNM,CLF,TMST,CRZO

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  9. PartTimeLover
    PartTimeLover
    May 15, 2017 at 4:43 pm

    Like Zeus battling the Titans, I took a long position in TJX ahead of eps in the am.

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  10. john_galt
    john_galt
    May 15, 2017 at 5:12 pm

    You win some, you lose some:that’s part of a trader’s life.

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  11. Itenerant
    Itenerant
    May 15, 2017 at 7:58 pm

    Twitter july 20 calls from back in the snap era working now lol. You didn’t exactly call the bottom but from a long term and sentiment perspective you were pretty damn spot on.

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  12. jason
    jason
    May 16, 2017 at 8:51 am

    OA- thoughts on SNGX chart? seems interesting cheapy.

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  13. AFlow90
    AFlow90
    May 16, 2017 at 10:00 am

    Could it be true? Can it really be happening?

    …..is BIDU breaking out?

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  14. Beechoo
    Beechoo
    May 16, 2017 at 10:28 am

    Kweb!!!

    You da man, OA

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  15. mac1326
    mac1326
    May 16, 2017 at 11:02 am

    Time to add some RETL

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  16. Heckler
    Heckler
    May 16, 2017 at 11:55 am

    DDD to $26 anyone?

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