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AAPL time for puts now?
Damn, I almost went in GOOG 630 W Puts on Friday, they're up 500%+ now
I hope by/ on Wednesday. I expect some profit takers, this thing has had quite a pop. would be crazy if there was no 1hr chart correction before going up again. Way overbought there.
We'll see.
GOOG unreal today, what a POS
AAPL 3 bucks away from 430 now
NFLX: Want low 80 or sub 80 on 1hr chart correction :) Gimme gimme gimme!!! :)
Oh my GOOG, what a POS today! I was thinking of going into Puts eod Friday and didn't. Argh :)
NFLX: Gap + trap on news, crashing! The only little mistake is that I went into Puts EOD Friday and didn't wait til this morning to get in. Didn't expect the news. But i averaged down a little on my Puts in the 90's
Expecting a correction on 1hr chart to set in from here. Way overbought.
NFLX: Nice little gap (+ trap) on news. Looks like it was the "buy on rumor, sell on news", expecting it to go lower now. As you mentioned on 60min chart way overbought, especially now.
I don't care what's gonna happen next week but i'm just in for a 1-hr chart correction.
Btw, like your videos a lot. Please come and post your videos on the Option Millionaires board as well: http://investorshub.advfn.com/boards/board.aspx?board_id=12013
AAPL closer to 430 now than 420. This will be interesting. Wonder if it could go 440 this week already.
AAPL wants 430-440 this week?
Correct. I was really expecting the bloodbath to continue and SPY gapping down on yesterday's EURUSD + Futures action.
Another silly gap up
Welcome to the Death of Netflix: http://beta.fool.com/seasonedgeek/2012/01/08/welcome-death-netflix/?source=eogyholnk0000001
Welcome to the Death of $NFLX Netflix: http://beta.fool.com/seasonedgeek/2012/01/08/welcome-death-netflix/?source=eogyholnk0000001
Please don't pump Pinks/ OTC on this board. This is Options (big boards) only.
Meltdown.
Guys, check the EURUSD + Futures tonight. Bloodbath!
In the past days SPX/ SPY has flattened out much more and there was less of volatility. Maybe on last Friday you could do really well but so on any other stock since it was expiration day on the weeklies (= bigger swings in Options).
But i'm staying off the SPY for now, too schizophrenic as well.
Gerald Celente: EU Collapses in 90 Days, Bank Holiday and War: http://www.beaconequity.com/gerald-celente-eu-collapses-in-90-days-bank-holiday-and-war-2012-01-04/
Wow EURUSD 1.26's! The Euro s crapping down. Expecting red Futures later.
I'm just playing the 1hr chart for Monday on the assumption (which isn't really an assumption) that 1hr-chart is way overbought and we'll most likely see a correction. Sure, I might be wrong, but NFLX was going up like crazy in past few days and now at very overbought on 1hr it's more likely we'll see a correction. Don't care what happens on Tuesday.
Just wanna see NFLX dipping to 82's or lower for 50-200%+ on my Weekly 80 Puts :)
You talking about options or women?
lol
Why COMPLICATE Life?
Missing somebody?.....Call
Wanna meet up?.....Invite
Wanna be understood?.....Explain
Have questions?.....Ask
Don't like something?.....Say it
Want something?.....Ask for it
Love someone?.....Tell it
Nobody will know what's going in your Mind...
It's better to express rather that to EXPECT....
You already have the NO, take the risk of getting the YES
We just have one life
KEEP IT SIMPLE SILLY
If that's the case then I apologize. Didn't know of all the brokers IB is the only one that can't verify trades with profitly.
Still I wanna know what Victoria is doing...
You're right. But we're here to discuss and speculate, right? ;)
Day in and day out i trade on what I see and what the market's give me but then i also like to discuss and speculate.
You know like those who say oil might shoot to 200+ this year if a war with Iran happens, etc etc
lol chill, it was a joke. Learn to understand some sarcasm, friend. Life is better then.
Especially should NFLX gap down to 60 or lower on some bad news... Ahhhh one may dream lolz
Wow, congrats! Why did it drop so much anyway? And how did you assume that it would do so when you got the Puts, was there any news or event that caused it to drop?
Why then aren't you verifying all your trades on your own service (profit.ly) if it's all about transparency???
I don't get it how you as the owner/ creator of that platform aren't verifiying your trades but request other people to be transparent.
Please explain it to me.
You have been ALL TIME "MADOFF-USER" NR-1 ON YOUR OWN PLATFORM!: http://profit.ly/leaderboard/user/madoff/ytd
no time to hang out with non-transparent traders
Any chance you could post a new video for NFLX for the 01/09? I'm especially interested in what you think about the 1hr chart situation. IMO way overbought on this pop. I think we could see a retrace to 82's and maybe even lower on Monday.
PCLN next NFLX? - Charts:
Remember the rise of NFLX to 300's and then the crash?
Look at PCLN. The chart pattern is broken now, it doesn't seem to wanna bounce into 500's anymore or not as quick as it used to. If it doesn't crack above ma50, it could be headed back to 440's and test that support, if it breaks below 440-420 I believe rough times ahead for this stock.
Below are 6 month and the 3 year charts. On the 3-year charts we see a gap in mid 200's as well as under 150.
If there's some major Oil spike this year or a war (with Iran), a lot of the commercial air-fare/ travel could be hurt.
Therefore it might be worth picking up mid-/ end of year Puts (May-December).
NFLX: No doubt there are a lot of people using it (incl my girlfriend + myself) but that doesn't change the fact that the CEO messed up big time this year as well as a lot of debt, too many costs to be really profitable as well as a lot more competition coming.
And the stock is still overvalued at these levels. I expect them to post bad earnings and it will gap down again. Definitely a stock to consider going in with Puts right before earnings.
However I didn't enter with Puts very EOD on Friday because I think it will crash to low 70's on Monday but simply because it's too overbought on 1hr chart and MACD turning. If it dips to 83-82 at some point on Monday (hopefully) it's already a 100-150% in my Puts.
Also read this article (Netflix Is Not HBO And It Never Will Be): http://seekingalpha.com/article/317674-netflix-is-not-hbo-and-it-never-will-be
And, all of a sudden, we're supposed to care and euphorically run the stock up on news that Netflix customers streamed 2 billion hours' worth of old movies, documentaries and re-run sitcoms in the fourth quarter. Where did that metric come from? And why wasn't it accompanied with news of subscriber growth? Because, as Needham noted Thursday morning, the only thing that can save NFLX, the stock, in 2012 is a spin on subscriber numbers:
Since Netflix has historically traded on its subscriber growth rate more than any other metric, such a move could potentially benefit the stock even if it translates into a loss in 2012.
Without any word from the company on the subscriber front to tag along with the streaming hours smoke and mirrors, I can only think the news will not be good when Netflix reports what was supposed to be a $1 billion fourth quarter on January 25th.
That's why Hastings continues to shift focus away from metrics that might actually mean something. He stopped talking about the virtuous cycle, revenue growth and profits a long time ago. Now, it appears he has little to say about what has always been his default in the event of Armageddon - subscriber growth.
How's sexy Victoria doing?
Those are great, congrats! Is it just me or is Thursday/ Friday the best day(s) to make big %/$-gains (and losses, lol) in Options?
NFLX W 85 Calls yesterday went from sub .10 in the AM to 2.30's in the afternoon, unreal.
Speaking of Fibonacci - Introduction to Fibonacci Trading: http://stockoptionassassin.com/fibonacci-trading/fibonacci-trading-introduction/
BAC looks good for a fall again.
Nice. Not sure what it means for next week though. I only got in NFLX Puts right at the close because of the 1hr-chart very overbought situation (MACD turning) and to possibly profit on a gap down and quick dip on Monday, not holding the Puts too long.
What i've noticed NFLX doing after bigger white candles is have a red candle or dip each time after (whipsaw).
This latest run was probably fueled by shorts covering or some other little buyout-rumor again which got debunked. Nobody wants to buy NFLX. Too expensive, too much debt and much cheaper for those companies like Verizon, Amazon, Google, Apple to build their streaming services from scratch.
My verified trades (gains/ losses) from yesterday. Profit.ly auto-verify works on my account now so i imported them.
Overtraded yesterday tho with some unnecessary losses after the nice AAPL profit: http://profit.ly/user/MNYCx/trades
Lesson learned. Best is to only do 1 trade after a nice profit or no trade at all.
And in my opinion Thursday/ Friday's are best days for very quick 100%, you just gotta be quick and take profits. Hardest part is to take profits and to get out of a trade flat when you doubt it. Better safe than sorry.
Cheers
Thanks. What's the "Playbook game plan" for 01/09? I see MACD starting to turn downwards on SPX/ SPY, seems it hit a resistance it couldn't really get past in the past few days + more EU woes.
Hope we see a nice tomato/ blood-bath come Monday ;)
Just a healthy pullback, nothing to worry.