What do you think about SWKS?

wait for it to dip. the ride was from 10/21 to 12/26

watching those JUNE $TWTR $40 Calls again....twitter is getting hammered today...on no news I can find. Market makers looking to pin this to $35 by Friday ( near max pain)

selling $FB puts here Jan 30 $71.50, $2.15, just 1 contract. this selloff is silly.

buying 2k shares $PLUG @ 2.54.....for a swing.

What do you see thats attractive about PLUG?

$PLUG is a hack stock, lol. Garbage company but daytraders love the volitilty and it follows technicals. with that said. it's near 52 wk low's, and WAY oversold. due for a bounce.

whats your plan for $Plug adam?

tgt of $3, with a stop @ 2.34.

The last bar my friends is a bearish engulfing candle. ****.

That means 200 day MA will get taken out, along with my trend channel. may buy those puts tomorrow

[IMG]https://farm9.staticflickr.com/8588/...bb934db4_o.jpgspy 1.15.15 by denverd180, on Flickr[/IMG]

$CLF looks like a great Bollinger band breakout on the daily. Holding cash for now though. might need to average down on $BABA

@ nacho....agreed looks bearish...but on light volume, right before options expire? what is max pain on the $SPY?

might join you on the puts....as a hedge. what u lookin at?

Holding off on buying puts. I think the $SPY tests the 200 ( possibly ) and bounces. I dont' want to hold puts going into long weekend, and with earnings seasons starting. will more than likely hold cash to add to my longs.

Also today is Op-ex...

lots of buying at open....my guess is lots of short covering into 3 day weekend.

@ nacho...$spy holding support at 150 day. if it breaks on volume, i'm buying puts for a daytrade.

shorting $UVXY here at $33....quick one.

covering here @ 32.75...$+125

wow. It's holding up quite well. still a bit concerned as late day sell offs have been the norm this week.
nice energy pop. thing I'm going to put some money to work on long $XLE calls.
I missed a big move on $CLF. How are you playing it? you a breakout higher?

max pain: I don't know. We've established lower highs and working on lower lows. Last move down was 10% over 28 days. 10% from the 12/29 high put us at 1900 on SPY. my best guess. if it holds there, we'd be in business

@ Nacho...agreed...the VIX is up around 22/23. Oil seems to be finding a base...for now, lol. this week was a sign to me it's going down further...that huge pop, got sold into hard.

going long on $XLE is safe long term.....might wanna scale into those june calls?

$CLF...not playing. I dont' like being below abt 20ish % cash.....i'm there now. so just quick scalps/daytrades for me until I get out of a few long positions. Made some bad calls late last year.....I'm stuck. have abt 50k tied up..paying dividends though....bout $250month.

currently stuck in $BABA/$FB/$TWTR/$EPD/$VNRBP

yea I'm gonna wade into it. I'm thinking much longer term on $XLE calls. like 2 years. might cost a bit more, but all i'm buying is time so I'm willing to pay for it. you're right, i'll get into it in 2 or 3 different trades.

@adam, you think energy co's will get hit after the commodity rebounds? I'm thinking we'll have a few months before it impacts companies, so can't hold the companies for while. only play is commodity based ETFs.

@ nacho.....I think your spot on with energy companies.

VMW long, also thinking GOOG long,but thats an expensive play. I'm guessing MNKD will see a jump sometime in the next month. NVDA in my opinion is trading high but it has been hovering at 20 for quite some time. Thanks for the UCO/UGAZ looks, I dont usually play energy.

@jwag.....be careful with ugaz or any 3x etf. Nat gas is called the widow maker for a reason. There's much less streesful ways to make money.

My $plug is chugging along nice....

$mnkd....another hack daytrader stock..lol. hate it....but have made money off it. Just like $plug
I've never traded $goog.
Glad I didn't buy puts yet.....

I'm up big on my longs today.

$FB looking good....back in the money on my trade. would not be surprised if this runs up to $80 into earnings.
$PLUG...stopped out at $2.6 for +$120, I try not to let winners turn to losers.
$BABA finally coming back today...should get back over $100...tgt still 104 ish. will re buy if it breaks $100 again before earnings. will play options over earnings.

@adam, yea this market is just playing with me!
still have a couple long positions; no puts yet either.

@ nacho..I think we're in the run up into earnings. Expectation is a lot of beats for Q4. wishing I would have bought more $BABA. up abt 6% in 2 days.

$NFLX beat the hell out of the quarter

@ Nacho $NFLX had a huge increase in new subscribers, along with a beat.....sent it sky rocketing last nite.

I dont' trade a whole lot of option strategies..due to not having the time to study diff combos. Sell lots of puts and covered calls. will short/long buying calls and puts but that's abt it. here's a cool site

https://quantcha.com

selling $BABA pre mkt....close to tgt @ 104.18

watching $BBRY, something might be brewing. Saw a huge spike in volume/price yesterday morning....then again in AH. looks like big players are accumulating for something. Might buy calls at the open. watching June 2015's $11 calls.

$EBAY short at the open 400 shares....55.15

covering 55.01

$EBAY....huge orders lined up on the ASK on level 2....+$50....

sold $VOO @ my tgt of 188.50. +$400 have been holding this one for abt a month.

Wathcing $VIX......when it gets into $12-14 range I'll start shorting the mkt ( $SPY) , going long ( scalps) on $UVXY ( 2x VIX)

will also look to sell puts on $FB, $BABA, $TWTR and $EPD.

mkts are screaming into close.....meanwhile....oil is getting dumped on again, but getting indicators it's forming a base......for now. seriously considering entering long on some of the high yield 20% dividend E&P MLP's. use bull put spreads? sell puts?

Google up $17 today?!?!? Pretty impressive jump.

EOD gamble....$FXCM 5k shares @ 2.87

sold 2.91

+$200

went long overnite on $CY 500 shares @ 14.80...setup looks great to break resistance @ 15.24 tomorrow. tgt is 15.24+

stopped out on $CY @ 15.10....for +$150.

got the cursed mad money pump last nite.

Mad money: sure to be followed by a dump.

trying to form a doji today. OTT market seems to be full steam ahead. buying a few puts this afternoon.

selling puts could be profitable at these levels. I'd expect to get good premium on the puts as many are long puts for downside protection. Keep it tight on time (<60 days) and you should make some $$. Even if its put to you, should be good level to enter the market long term. do a couple different strikes so you don't have a bunch at one level

right at 3% yield for the 2/27 77s XLE

bought a few contracts: spy puts Jun 30. 200 at 6.89

those puts should be looking good at the open.

yessir

waiting on the sidelines today....want to see what $AAPL reports after the bell today. IF they don't beat, cud mean a lot more mkt downside

Utilities and Energy are up mid-day, .35 and .19% respectively.

i'm putting a stop losses on my longs

my $VNRBP is up abt $5k in the last 2 weeks. it's a long term hold for me...monthly dividend income, so not to concerned abt share price. was eying their common ( $VNR) divi yield was over 20% just last wk. still hovering around 15%.

Its a signal to me that the overall mkt is calling for a bottom in oil ( or were very close)

whats ur $SPY tgt to close your puts?

hoping a few companies miss and push things lower. don't really have a target as I don't think the technicals are really at play

$AAPL beat, $YHOO beat, $ATT beat.....mkts shud be green tomorrow.....on the $APPL beat alone.

****. One would make me nervous. Looks like the puts won't last long

sorry...$yhoo is up b/c of a spin off off $BABA. earnings

sold LMT yesterday.
still holding puts
looking for a few industrials/defense stocks

sold 2 - 75$ jan 30 $FB puts this morning on dip @ $2 each. long term bull on FB.
sold 1 $BABA jan 30 $99 put @ $3.30.

playing the earning volatility on companies I really like.

@nacho...hope u held those $SPY puts.....didn't see this one coming. bearish engulfing forming on the daily.

seeing FED said they will raise rates this year? maybe mid year......mkts going red.

still got 'em!! late day sell off, closing in on 150 bar MA, and an arbitrary trend line that's held up for 3 years!
HUGE bear engulfilng!

you may end up with some BABA! still in the money though....

bought the twtr June 40 calls this morning at 3.25....4 of them.

$BABA puts....got KILLED, lol. Looks like I'm the owner of 100 shars come Friday own @ 95.70.....not bad IMO. Earnings were great IMO....the massive selloff is un warranted due to a miss on rev number.....rev was up 40% year over year...instead of 50%. Everything else was a beat.....

a $BABA close over $90 will feel like a win for me. calling it now...over $100 in 6 months.

will sell weekly calls against $BABA until I get it called away.

sold 2 feb 6 $75 $FB puts this morning @.65.
bought 2 July 2015 $35 $CBI calls @ $3.30. up for sale right now @ $3.90

have quite a few sold puts expiring worthless today....bank $600 ish.

$BABA is looking good today will be selling $96 weekly calls on Monday.

$TWTR earnings next week.....look for a run up . I'm in 5 JUNE $40 calls again....from $3.25...looking to sell at $4.25.

$SPY/$VOO is bouncing hard off the 150 day MA......gut tells me it's gonna fail soon.

started buying OIL yesterday, back down again today, but I like my entry point.
still holding puts. 150 MA has been support, but keeps testing.

u buying the ETN $OIL? I hate those for long term holds.....contango erodes those...not as bad as the 3x...but it's there. I think oil recovery is a long term process.
Nothing has changed in supply/demand for oil to spike...it's up on news ( rig count) I'm watching the weekly inventories for my entry. But we're near the bottom....I dont' think you can lose if your holding long term. we need all cap ex cuts to actually happen.....if oil rebounds to quickly, we'll be back in the same spot.

close out some more weekly $FB puts I sold Monday...right before the ECB/ Greek announcement....total luck. Wanted out before $TWTR reports tomorrow.

closed out Jan gains of right @ $3K. No losing trades.

Stuck in $BABA...own at $95.7....I'm still confident we see $100 at some point. looking to sell at breakeven.
sodl those $TWTR Junes again. @ 5.25.
$CBI calls got sold ...quick....for lunch money.

watching $YOKU tomorrow for a day trade....BB break on the daily, under heavy volume.
Stalking the $SPY for entry around the 150 MA...will play options this time.

bought $GENE @ the close...4k shares @ 4.50 for a gap up tomorrow.

still selling weekly puts on $FB.....easy money. buying 2-3 weeks out in the 72-75 range...first buy 2-4 contracts and one more buy of double if the price moves against me.

$BABA needs to find a range so I can start selling puts. selling OTM calls against my long position in thee mean time....I don't see this breaking 92 for a while.

now up to 10 puts sold of $EPD march 20 $32.50's...avg @ .90. should bank all of that.
own 10 more Feb 20 $32.50 puts on $EPd @ .50.....should bank that too.

sold $GENE @ 5.25 for $3k profit....big win for me.
always a good feeling when a trade does exactly what you think it will...target was originally $5.05...but buyers were still coming in.

helluva trade on $GENE! nicely done. how did you find it? vol spike 1/29?

I'm having issues finding names I want to buy.

now $GENE is @ 6.30+ ...cud have been an $8k gainer, haha. Never saw that coming.....I was thinking maybe $5.50

popped up on my scanner for abnormally high volume, and big gainer on the day...closing at or near the high of the day. they typically gap up the next day.
I checked the daily and saw the HUGE volume back on 1/29...another good sign. some more searching saw some news that Angelina Jole mentioned their tests in an interview. another +++. high short interest/days to cover...potential for massive short squeeze. seeing that today.

Should have watched ECIG..I'm +$3000.

Jumped on lending club yesteday when it dropped 17% for no reason. Boom up $90o

@ tn_rider I dont' touch stocks under $1-2. but you can make a killing on them. nice work!

sold 15 puts on $EPD today ...April 32.50's for $1.15

sold 15 puts $EPD April 30's for .$40

been selling a lot of weekly puts on $FB/$APPL/$BABA and $TWTR.
Not looking to buy any common until the mkt pulls back some.

ECIG was like $32 a share. They had a HUGE drop down to like .18 cents. It's going to swing up tomorrow. I'll likely make another $1200 tomorrow alone.

^^^ still too much risk, when they get that low.
A stock like that can be too easily manipulated. a small chat room can move that stock 20-30% ( I've seen this stuff happen ) all it takes is a few million dollars. is it legal...prolly not, but I've never seen it investigated? Hedge funds do it all the time.

it's well above my risk appetite. It's a low capital investment...so I can see the appeal. some guys swear by them....not me....

but profit is profit......gotta take chances to make money:) but I do it for fun...the money is just a perk.

with that said, I've been back testing ways to go long on crude....I still think we have more downside to crude in the next 3-6 weeks. Plan is to short $DWTI, 4 sells....100 shares each sell. total of abt 55-60k. it's a 3x ETN...even with borrowing costs, I'll make money on the contango, just like selling options. where contango is my theta burn...in this case x3. by adding to my short I wont' limit my gains to 100%. but goal is 100%.

It's kinda confusing, but in theory and modeling , it works.

Adam here you learn all this? Your confusing the **** outta me but I'm a rook. Buy low sell high. Lol

Get some books Red. Be careful about anything you read in a magazine or on the internet. If it relies on advertising to make money, you have to be skeptical. There is no magic and there are no gurus. Be careful about anything that you read that wants to sell you something specific. Once you learn the jargon, it's all actually pretty basic. Not rocket science. You're just trying to figure out what other traders perceive to be a good company. It doesn't matter if it is or not. You only have to figure out what others are thinking. The only hard part is separating smart trading from gambling. Limiting risk and defeating your own psychological weaknesses are the most important parts. If you are the type of person who can be up huge at the casino and still walk out broke at the end of the day, you probably shouldn't trade stock. I personally like the Alexander Elder books to start with.

^^^ very well said Eric.

@ Red, I've taken some trading classes in the past. I don't read books...lol. but self taught a lot of how I trade.

start simple with moving averages, understand support/resistance, volume/price relationships,

I also like Fib retracements/projections, mac-d, Bollinger bands, and candlestick formations.

but the last 6 months or so I've moved more into trading options.

bought 200 $DWTI @ 99.50 today for a swing to $120+

oil report was bearish....and crude went up??

anyone watching anything else?

i'm still very bullish on $TWTR/$FB. I own $BABA ( at a loss) still but would not recommend buying until after the March 18 lockup.

a few I'm watching $KMI, $EOG, $LNKD ( I like this but its very expensive), $W, $JD, and $CLDN.