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ZNGA actually looking good here. Could end up going back above $7 soon. Maybe back to $9 over the next few weeks. Trading at just above $6 now.

I'm seriously considering these July 7x calls at .20

Quote:

Originally Posted by o7media 

ZNGA actually looking good here. Could end up going back above $7 soon. Maybe back to $9 over the next few weeks. Trading at just above $6 now.

 

I'm seriously considering these July 7x calls at .20

ZNGA gapping up pre market. $6.20 +2.2%

Quote:

Originally Posted by charulz 

LNKD looks good for a long side play.. looks like ascending triangle

Yeah I like LNKD too.

Finally sold my DISCA calls. Been holding it for 2 weeks, it was a champ through both triple digit sell offs. All cash now, considering STX calls for a play through July.

Long SPY 134x weekly calls at .42 overnight. Liking the chart here til 134 - 134.30 tomorrow...as long as those jobs don't disappoint.

I'm long as well. I'm more so looking for a rally in July-August, particularly after 4th of July. I have some Aug AAPL 575c at around 26, been selling OTM weeklies against them on short term 15min technical turnover so my b/e price is about 22.3. I'm looking for 590, so my call targets at roughly 40-42. If we get an extended run, looking for 620-650. In my opinion, relatively safe play with earnings coming towards the end of July and sitting close to support levels right now. I think we drift around the 580s level pre-earning, gives me a good chance to sell some of those extremely high IV calls pre-earning as well. 

Inverse H&S on PEP. I might pick up some calls tomorrow. $72 target..

70x July calls are at .65

One thing to take into consideration with that is head shoulder formations signify a reversal rather than continuation so there's a possibility its an invalid pattern. 

Quote:

Originally Posted by WillTheGreat 

One thing to take into consideration with that is head shoulder formations signify a reversal rather than continuation so there's a possibility its an invalid pattern. 

That's true. I'm thinking it will play out though, volume on PEP is looking strong right now. Weekly and monthly charts are also still very bullish.

Quote:

Originally Posted by o7media 

Inverse H&S on PEP. I might pick up some calls tomorrow. $72 target..

 

70x July calls are at .65

 

 

In at .65. Missed my entry at .60 this morning.

In WFT 13x July calls at .32

Quote:

Originally Posted by o7media 

Inverse H&S on PEP. I might pick up some calls tomorrow. $72 target..

 

70x July calls are at .65

 

 

Quote:

Originally Posted by o7media 

 

In at .65. Missed my entry at .60 this morning.

I plan on doubling (maybe more) my position on PEP tomorrow. Very bullish on it right now, not only because of the inverse H&S on the daily but the monthly has a wedge break to the upside right now with resistance around $68 which it is well above at the moment.... first resistance remains at $72 from the highs of last May (71.89). But my ultimate target is back to the all time high at $79 - $80. Although, I'm not sure it will be able to reach that by July's expiration.....

X has an inverse H&S pattern on the daily as well.....seriously oversold at this point. Of course, with these crazy euro news coming out overy friggin second of the day, anything can happen.

On another note: I think NKE will bounce.....just a hunch.

Quote:

Originally Posted by OldFart 

X has an inverse H&S pattern on the daily as well.....seriously oversold at this point. Of course, with these crazy euro news coming out overy friggin second of the day, anything can happen.

 

On another note: I think NKE will bounce.....just a hunch.

X had a great run this week. I missed it.

I thought NKE would beat on earnings, was really surprised to see it whacked yesterday 

Since we're gapping up so hard it doesn't look like I'll be able to avg down on PEP. I'll still add more, but will have to average up this time which is something I never do...but I'll make an exception this one time..i think. 

I thought NKE would do well. Economy must be worse than I thought.

Quote:

Originally Posted by OldFart 

I thought NKE would do well. Economy must be worse than I thought.

I know right... I just bought a bunch of crap from them too! 

Quote:

Originally Posted by o7media 

 

I know right... I just bought a bunch of crap from them too! 

Meh, they'll make a comeback.

Truthfully, back in the day, I leaned toward addidas instead of nike...I thought their quality was better on shoes.

Quote:

Originally Posted by o7media 

In WFT 13x July calls at .32

Sold my WFT calls at .35 for a small profit...premiums really got crushed with the VIX down so much.

But I was able to triple my position on my PEP calls without averaging up. So, not all bad I guess. Still in at .65.

Quote:

Originally Posted by OldFart 

Meh, they'll make a comeback.

 

Truthfully, back in the day, I leaned toward addidas instead of nike...I thought their quality was better on shoes.

should have taken my own advise..

LOD = 85.10

right now = 89.46