Thanks bud, you too. Profit is profit and don't feel bad about leaving some on the table because I do it all the time. Just have to move on to the next one.

Out $X w 22 calls @ .24 from .10 and .09 Had 100 of 'em. Could wait but this is a good spot.

Out $AMZN 235 w calls @ 1.87 and 1.88 from 1.65. Lame but looking good now considering the action.

In $GDX 41.50 w puts @ .41 hedge.

$AMZN starting to climb a little bit. 235 w calls 1.77 x 1.83

In @ 1.65

The valuation is based on forward earnings which is implied from GROWTH. This is not a value play by any means. Its value is based almost completely on the growth of its user base. 80% of their ad clicks are bots.

Interesting, good luck to you! I don't see it, as a user of facebook and a 25 year old I am right in the thick of the user database and it is fading in popularity. All these social networking sites have their time...and their downfall. Coming out with consumer products like phones or tablets won't help either, especially if they dish out large sums of money for obsolete patents.

the HFTs definitely helped out in that regard this morning. Jacked premiums to the sky on some of these ETFs and stocks like $MCP.

Not sure about 38, but I think it will see 22 again with the quickness. I'm definitely bearish on it from a long-term standpoint. Their lack of ability to monetize their products is increasingly worrying investors. Will be bankrupt or taken private for less than a $20 billion market cap offer in the next 5 years imo.

Well done man! It was definitely looking interesting at the 433 area, was going to break one way or the other.

Gotta side with you on this one. Gonna be back around $22 soon.

$TRLG could be losing it here. Very low premiums.

$MA looking interesting..

Algos had a field day this morning. Things are quiet on the retail front but many ETFs are moving strangely, including UNG. This started yesterday about 3 seconds before close.

I like it at 270, but that's just me.

Remember to keep relatively tight stops on your bigger plays guys. If you have a short-term trading style it is important to preserve capital so that when you have your first 5 bagger, it is from $500 to $2,500 instead of $50 to $250. Don't be a "deer in headlights" when you see a stock fading hard. Got it? Cool. :)

In $AMZN 235 w calls @ 1.65 for a flip, tight stop.

Their market is dying, trying to recruit new "investors". Pennies have been slowly fading into irrelevance since last summer imo. Last true play to instill hope was $KMAG, which had a magnificent run (and I have to admit, I profited greatly from it, though I generally stay far away from pennies). Since then it has been rehashing the same shells and getting pumps from APS and the like. Sad, sad world, the pennies.

Still holding $TRLG august 25 puts by the way. Looking for more downside here.

Out $VXX w 14 calls @ .30 and .29 from .21

No pennies here please, thanks.

I like all of these, esp the $VXX calls ;)

$VXX w 14 calls .28 x .29

Got 'em at .21

In $HLF w 50 puts @ .25 Lotto by the way, just playing based on the tape.

Ah good call,I didn't realize.

In $VXX 14 w calls @ .21

I would stay away from jumping on $MCP options here. Imp. Vol has been adjusted way, way up.

$MCP halted on breaker I think, anyone in puts here could end up making a TON of money. Has to be bad news here.

No volume so spreads can't be as tight because MMs wouldn't make money that way. Watching for influx in volume.

That's not true, many here, including myself came from different equities backgrounds, like futures and forex.

Options only, thanks.

Please no pennies here Cuban.

$MDVN on watch today. Lots of insiders unloading, hit piece out, and has been overbought on the monthly for 3/4 of a year now.

Watch it:

The overall market is moving on almost 0 fundamentals right now, and correlations aren't holding true to economic theory.

So I guess my point still stands, heroin addicted market. It can't last forever, but timing and patience will be key and will pay off massively in the end, for bears imo. This being an election year though, I can guess it will be mostly propped up, for as long as possible anyway.

This market is pretty unbelievable, gotta be nimble and really think outside the box, and even go against your logic!

Mhm :) like clockwork baby. Good morning everyone!

Thanks guys, time to relax for the day. Have a good night everyone!

Yeah, the tape looked disastrous at EOD. Seemed obvious watching time and sales. Congrats! Now, if it breaks the 200 dma...watch out below.

$TRLG hitting 23s after company says their spring and summer line disappointed and hurt sales.

Guided below consensus for the yr. $1.80 - $1.86 v. Zacks Consensus of $1.97

I think they're going to be in some trouble here.

Have the 25 Aug monthly puts @ 1.35

$TRLG 24.35 from a close of 26.24

About to listen to the conference call. Expecting more dumping as this just broke support..

Accumulator turned up last 30 minutes. Could be good again tomorrow, we'll have to see. I hope you make a 20 bagger!