Dropped The Hammer at Two

As the very dapper Janet Yellen discussed margin levels and dismissed the concerned questions of whether the stock market was priced too high, I was pressing piles of chips into leverage.  First Facebook, then Fords.  All the excitement about cell phones while Amazon was officially releasing their new smart phone enticed me into the ultra kool IFON.  The international splendor of the World Cup also encouraged me to join the elite men of iBankCoin in IFON.

The timing of the leverage was sublime, as it was soon followed by a wave of buy flow, swelling up beneath me and carrying me to glory.

Trading has gone exceedingly well these last 10-12 trading days, and I am down only 10% on the year.  I made more aggressive mistakes then most during the rough months of trade, and to mount this much of a comeback is rewarding, although I want MOAR.  I started feeling a touch greedy, and a bit of post traumatic stress kicked in toward the closing bell.  I remembered waking up down a quick five stacks and the aloof weeks I spent wondering how to go forward.  This memory pushed me to buy some NFLX puts.  I bought Friday’s $445 puts, for 2.13 each.  This may put a damper on any gains I stand to make on the long side tomorrow and Friday, but it gives me piece of mind.

Also, for $199 and a two year plan, YOU my friend can be the lucky owner of an Amazon Fire phone with a FREE one year Prime membership.  Once the masses come to find out Amazon Prime has more streaming content (cough, HBO) than NFLX on top of FREE two day shipping, they will be like, “maybe it is time I put NFLX out to pasture.”  At least that is my take on the news.

This Amazon phone is a killer across the board, a pure disruption of the highest tier.  It has a button you press and can then scan ANYTHING, and instead buy it on Amazon…likely for less.  Retail showrooms are the free advertising of Amazon.  This will not end well for most.

All this Amazon pumping aside, the Nasdaq trended hard for 2.5 hours this afternoon.  We are likely to see some continuation tomorrow.  But if not, I have some NFLX puts.