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JB, what are the odds YELLEN says something like no rate hikes until 2016 and she gets this market moving up in a few hours?
Ced that sounds like a good plan on amzn...I think we could get a bit of a pullback to that level to test support there, especially since we got an 8ema downward crossover end of day...then hopefully it ramps higher.
I also like googl higher for next week too...chart looks like it's ready for a move but will see how today plays out..I had the $552 calls yesterday.
I agree ced my first impression is that amzn was going higher either today or next week. I know people were complaining it didn't hold the gains yesterday but I think it was just testing those high levels...my next target is $439 then after that $452 but that's longer term if the market continues up.
thanks JB, I didn't see that core inflation number increase, I just say the headline number...yeah my head is spinning too.
ced on amzn what I'm trying to figure out is that lower call strikes the contracts were closed significantly all the way up to the $430 strike...then the 432 strike stayed exactly the same and after that calls go up a lot, so does that mean there's a call wall at 432/435 on amzn and it will fade or will that act as a magnet and go higher today on a Friday....put OI increased...any many times on amzn that opens the door for a higher move...but the fact that the contracts were open could also mean they are being bought....amzn and the other momos pulled in a bit on that inflation data...so today could be tricky.
JB, so less inflation than expected, dollar goes higher but wouldn't that also mean an interest rate hike is further out on the horizon? so market should go higher....theoretically? but if the dollar goes high stocks get more challenged...or am I chasing my tail here lol.
Yes, I like AMZN...not sure how far it goes today with the market "potentially" having lighter volume because of the 3 day weekend...but I like the setup today...especially going into next week...gl!
googl is a fickle lady...I had to strap myself in for the herk and jerk at open and then the slow grind up...like water torture waiting for it to play out and break resistance...every step of the way was like lifting 200lb weights...I miss the old googl before the split that could rip the bears head off in one easy swoop; they have taken the spunk out of it and I'm afraid that's what will happen to nflx too...
UPB thanks for posting that video on TOS unusual options activity!! much appreciated.
UPB how did you like that googl today? Nice for calls from $1.60 to $5 on the $552 strike...nice reversal and break above $552...
Okay gl!@ at least you have them for next week, so hopefully it will continue down for you...I haven't played NDX but it looks very fruitful if you get the entry right...
I had it for 250 and was hoping for that to hit but when it hit first resistance and failed I grabbed them...but it was a bit of a risk the way they like to spike tsla...I think it has more downside coming...but took profits before FED. My only regret was not holding my nflx calls through the FED meeting!
UPB, how do you do a scan for unusual options activity on TOS ?, if you don't mind...I haven't been able to figure that out yet. thanks.
thanks CED, when he said Friday I figured that had to be wrong, so just one more day for the weeklies to hit pay dirt...Did you get those TSLA puts I mentioned this morning...I crushed it on the 247s puts!
you must have waited until after the spike on The FED minutes to get them at that price? if so you're timing was almost perfect, which is par for the course...you option timing is impeccable how do you do it...what indicators are you using...?
Okay I just remember Kraigger saying something about $NDX expiring at the open on Friday or is that just monthlies? thanks
do those calls expire Friday morning or next week?
$TRAN, anyone notice what happened today? Down -$166., I think that's pretty significant...
Hey I understand! Glad to hear you are okay! That NFLX trade really was upsetting...I had been in calls a few days before and did have a couple of contracts that I sold the day before....what a rip that was...I did pretty good the next day, but man they took your hard earned money on that one because you had it wired...one stinking day...I know what you mean, back in January I did a similar thing and still haven't recovered...was up $19,000 in a month...got too confident and got bit in the butt.
thanks Kraigger...I won't be able to enter that trade until tomorrow...hopefully it's still in play.
lol, yes indeed, that kind of comment goes right to my ego.... missed your NDX play. What put strike did you get, next week's puts?
that's a great job! I'm 53 and I don't even eat bread, cheese or sweets and I can gain easily, but I refuse to get fat, so I continue to work out and now my son is into it, too; it's good discipline...now if I could just apply the same discipline to my trading I'd be in business....it's been yo-yo trading options recently.
Man Kraigger, if you are running 5k a day you are going to drop pounds quickly...congrats to you! How old are you? ever since I hit 50 I have to work a lot harder in the gym to stay in shape...it's way harder than my younger days...
agreed...I likely won't buy it if we don't get a push higher from these levels...looking for that $250 or so failure...from there I think it's a much better risk /reward.
Anyone heard from cool dude? I know he had a big loss on NFLX last week and I think he did say he was going to take some time off because it set his account back a month, just hoping he's doing okay, as I know what those kind of losses can do to your psyche.
I kind of hope TSLA will push back to the $250/251 area one more time though so we can get a better entry on puts...
sounds good...I know TSLA is the darling of Wall Street just behind NFLX, but the technicals look good for a pullback imo...it has tried this $250 area multiple times and so far hasn't gotten the catalyst to get over the hump...a pullback to $235 or lower would be good for the stock....if it can break $240 support it could get there, but even $240 would be a nice play.
Googl: Looks like the 50 just crossed over the 200 sma to the downside and yesterday googl had a date with the 200 and it failed...let's see what happens next...
Also: I think TSLA going lower RSI started to turn down from these lofty levels...$235/232 is a nice downside target.
NFLX has a date with $600 maybe $597...I hope upb will pen a song about it...
UPB I shared your last litty ditty with my son, and he thought it was funny...don't sell yourself short ...OR long.
UPB, in six years of following your posts, I have to say you are one of the most intriguing traders out there...you honestly remind me of that beer commercial, the most interesting man in the world. I really have no clue what you are trading at any given moment...you are both interesting and maybe one of the best poker players out there. There just seems to be an aura around your trading and the UPB logo is probably one the best brands out there with your muscle man. I wouldn't be surprised to learn that you are also a best selling author and speaker. And now I find out you have poetry and songwriting skills...you are the ultimate Renaissance man. Someday I would like to meet you...I have this picture of you living in a high rise penthouse in New York with many servants at your bequest.
Are you holding weekly puts on googl UPB?
Nimble which way? This has been the slice and dice, chop and slop market...The people making good money are the ones selling premium.
very SMart! Does WUBA ever have to report earnings???
Well I had LNKD puts yesterday and they worked like crap! So today went with the calls for a continuation and gap fill to $270 but it didn't happen for me.
Stutz UPB has mentioned many times that Googl is going back to $500 first; he's not usually wrong.
What Strike Omars?
Nolerman how did you make out on those PCLN calls? you still holding them? I guess today was a gap and crap...lnkd crapped on me today.
Nice play on NFLX! you buying SPY puts for tomorrow? what strike?
Rory you have 2,000 BAC calls?? what kind of move are you expecting before Friday, thanks.