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I got a few TWTR puts after it reopened...$41 strike...hope it breaks $40 and they might be worth something?
Holy Batmobile, LNKD just dropped $5 in the last few minutes! is that because of TWTR??
golfnara what are you holding on gpro? I'm interested but the IV is 116.85% and I've got a + or - $4.52 showing on TOS for the move, which would be about 10%...trying to weigh the risk on this one and concerned they will just drain out the premium unless it moves huge...thanks...and gl to you!!
thanks for the info on thrx...are you holding any May 15 calls or just loaded on June 19 calls? I'm thinking of getting some June...thanks again.
AMZN PUTs! YUM YUM....tasty.
that would be awesome, drpharmacist! any chance for a buyout of thrx? the asthma drug could be huge...so many people suffer from that, especially kids, if they could determine that it's safe for kids... They have an earnings report coming up next week I think, the 5th or 6th and then I'm really looking forward to the announcement on Friday...I hope it comes before market rather than after the close, but either way I hope we get the great news. gl
sorry, we are discussing thrx, a drug company that drpharmacist found...FDA approval announcement coming on April 30; it got hammered yesterday but has bounce straight up off of $16 today.
wow! if good FDA news you might be able to retire from your day job? This is the first drug company I've trades since cycc years ago...I got in to high on those May 15 calls yesterday but looking better now.
I hope so! I don't have very many contracts and just the May 15 $20 calls...are you loaded up on the June calls?
thrx! what a freaking bounce, drpharm! let's go and break $18! then $20! The whole market bounced after the fake Iran news...awesome look at TSLA turnaround nutz...what's more fun that this...oh yeah a barrel of monkeys!
Drpharmacist...THRX nice move so far off $16! pretty straight up, hope it can hold and go higher (it's been a wild ride so far)...added 1 more May 15 call...playing it cautious but would love to see a big move on FDA approval, etc... gl to us!
CNvegas called apple puts last night! wish I'd taken that one but I haven't traded apple much since they split...today was the day, wow...133 puts were huge...Happy with my amzn puts and glad I didn't buy tsla or pcln, was looking at both but the open interest was heavy on the put side...
I got back in my AMZN puts, golfnara and did fantastic as amzn is in the gap now!!! I just ignored all the fake upgrades that keep coming out... thanks for your response.
golfnara what are you trading today? you've been on fire lately.
It seems the analysts keep reiterating targets that just came out last week on amzn, nflx, googl, etc...what is up with that? do they think we don't believe them? It remind of all the pumping that takes place on penny stocks right before you find out the company never existed in the first place and someone was selling bogus shares out of a broom close.
Glad to Nolerman! I hope the fed guys didn't give you too much grief...
TSLA any chance it hit $262 this week?
come on let's just get that buyout going on YELP...we know you want them PCLN!
ok I think I get it, the advisory committee gave thrx the green light and now it's just awaiting FDA approval...is that all there is to it? It doesn't appear they can use the drug for kids at this point...
dpharmacist how does this fda approval work. It appears the FDA already voted for the thrx's asthma drug to be used in adults but not in kids 17 and under...and then there is an announcement on April 30, which you mentioned...thanks in advance, just was curious on the process: http://www.gsk.com/en-gb/media/press-releases/2015/gsk-and-theravance-announce-outcome-of-us-fda-advisory-committee-on-breo-ellipta-in-asthma/
The daily candle on Thrx looks pretty nasty today but I imagine there's a lot of up and down the week of the announcement...just looks darn bearish on the chart...thanks.
Do you mean a fade on apple?
apple, lol, stocktwits is hilarious...everyone claiming they are going to buy a new car with their call options profits...I thinks going to have to move a lot higher than this to get a new car because there was a lot of premium baked in...BUT nevertheless EVERYONE is a winner if you believe one word of it.
I was but the options were doing squat for most of the day and I got stopped out on my $440 puts..what are you in?
cool dude, you probably already know this but I thought I'd mention that if you go to a cash account your option trades clear overnight and you can make as many trades as you want each day as long as you have free option buying power...what I'm trying to say is you're not limited to 3 a week if that makes sense.
Bidu just ripped today...calls were the play on that one..nice move for those that got them!
haha on me..amzn breaking down now that I'm out of it... googl was my second play and the one I should have taken, much better downside movement.
I'm just going to hold tight on thrx, drpharmacist..is the announcement premarket on Friday?
Z is taking off...I missed a lot of the runners today fooling with those amzn puts
thrx has retraced about 80% of it's gains on Friday...I just have a small position in that one; what a fade though.
drpharmacist...got a few thrx May 15 $20 calls...
had amzn and googl as puts today...went with amzn made peanuts on 3 440 puts and stopped out on 1 contract...
googl was the trade on the downside...
missed tsla completely...congrats to those that got that winner. Nice job on googl...
on YELP think or Swim is showing an expected move of about $6 plus or minus or the weekly strike.
skibum is back! long time no see...I hope all is well with you and your trading is going well.
Hello G-Money: I have been holding YELP calls for a few weeks now on the M & A potential...I have a small position: I have (8) $65 calls and (1) $63 call. Like I said, I got in about 3 weeks ago because JB alerted on the M and A play with FB, YAHOO or PCLN. I saw a lot of call OI at higher strikes on the May 15 chain, so playing for that. It will be interesting to see how earnings fare, because there is a lot of short interest and negativity on this name right now, so if they have good results we could get a squeeze...
Honestly, I don't play a lot of earnings because even if you are right you can lose money on a earnings trade, case in point googl...The only contracts I really made money on where the $575 calls and had to sell them in the first five minutes on Friday to get profits...the 585 and 590 calls all sucked out the premium Friday morning, so didn't make much on those...I should have just stuck with the 575s, but I really thought googl would make a break over $600 and I know JB and UPB were forwarding the same ideas. Earnings are tough... I hope YELP jumps on earnings but I really would love to see that buyout but that's a lotto wish.
What are you thinking about on YELP?
YELP take a look at the May 15 monthly expiration...big call open interest at $67.50, $70.00, $80.00 and then $105.00....looks interesting...why so much interest at $105 with the stock currently selling at $50? could a buyout be in the works? time will tell...looking forward to earnings Wed.
drpharmacist...thanks for your help last night, I ran out of posts...good luck on your trades next week..
hey, no problem, I am limited on the posts, too...there are a lot of good books out there on charting and on stockcharts you can find a lot of free information...a nice simple book I like, that's very accessible is called Candlestick Charting Demystified...I think you can find it on Amazon. I'd be lost without the charts, as I used to trade solely on intuition and news and now I generally don't trade without a plan or some kind of technical reason...of course big news is always nice. good luck to you, it seems like you've had some nice winners lately so hopefully you are in a positive balance....it took me years of losing to change some of my ways and I'm still working on holding my winners, that's my biggest issue...and of course the one or two trades that I stubbornly still hold on to instead of letting my stops take me out...it's those losers that you have to let go of, especially the big ones because they can mess you up psychologically and financially and EMOTIONALLY...it took me a long time to pay attention to trading psychology and I'm still not there...another fantastic book, if have time, is The Disciplined Trader, by Mark Douglas...wish I had read that when I first started out...it helped transform my trading and my thinking about life...really addresses the nature of fear...take care and good luck...there are more good people on this free board right now than I've seen in the last 5 years. Learning from mistakes is important and sometimes I wish people would share those lessons more often...we all have a tendency to just want to share the winners (and I totally understand that_, but I think learning from the losing trades may be more important, so that others don't make the same mistakes.
YELP 69.63
my week could have finished very strong if googl had made a better move, but honestly the nflx 565 puts would have been great for me had I not jumped ship early. I think I let the googl fizzle affect me into the nflx trade...
The only thing I am holding is YELP, based on JB's buyout play; normally I wouldn't trade that one, but holding the May 15 $65 calls...maybe they will see some action for earnings next week on Thursday but sure would rather see the buyout before expiration; probably a long shot.
How strong are you on thrx? I've not traded many pharmacy stocks but I know they can run if they get approval.
I mainly trade, googl, nflx, amzn and pcln...amzn was the one to be in this week...thanks!
drpharm....I tend to agree with you on googl...it was a big disappointment for me with the otm calls at 585 and 590, the only ones that made money were the 575s and I had to sell them quickly at the bounce today. The volume just wasn't there on googl today. I had a great nflx trade on the puts today but I think seeing my googl profits evaporate affected me and I sold for peanuts...was going to just hold two of my six contracts and sold them too...How was your trading this week? I don't usually trade ISRG but it could be interesting...not sure if that's a gravestone or shooting star on the daily, it could be a reversal from here but looks like $490/492 could be support at the 200 sma...What are you looking at for next week?
okay enough is enough...perfect entry on nflx 565 puts at $2.10 now $8.40 and I sold at $3.10! Could have made more more on that one Friday nflx trade than I made all week dinking around with that stupid googl earnings play lol...argg the market can really make you feel stupid sometimes.
cool dude thanks for your post! I just saw your winners I guess, so it looked pretty darn good to me! I had 6 nflx 565 puts at an average of $2.10 and sold at $3.10 lol, and it just hit a high of $6.50 so far...dang it...thought I was getting over the fear of holding to my target but after googl fizzled today I guess I got the jitters again..more work to do next week.
What are you seeing on BIDU that you picked up the 200 puts...I haven't had much luck trading that stock as of yet. thanks.