Among many other things that I provide all week to my members, each weekend I post open interest and my thoughts. For those who have asked here is what I posted on Saturday before the week began. You can see many of them worked nicely if you new where the levels were. One thing I […]
Last week before the close I told my subscribers that I felt a nice gap up coming. I then wrote about my expectations for a bullish week to non subscribers here. So far that is looking good as well as the transportation and industrial sectors as I mentioned. Our entire watch list pretty much triggered […]
These are typically more helpful on monthlies than weeklies so I put all of the usual’s instead of just the ones that stick out more. Hopefully we can get some good short term trades out of some. AAPL: Last week I described exactly what would happen and it happened perfectly. This coming week I’m not...
Hope everyone is having a nice weekend. Before I begin, I wanted to let you know that I am making a change to how I will be calling out trades. The way I have been doing it just isn’t working due to the variety of subscribers I have. I have been trying to pick strikes...
Another week has gone by and little has been resolved in the markets. Pretty much everyone is clueless and making up explanations for every movement that takes place. This is the type of environment that is wise to be patient in and to cut back on trading activity. The QQQ and IWM are still removed […]
It’s me one more time. Just wanted to update our open positions (most that aren’t doing as well as the ones we have closed). I have notes on all of them. The notes are to tell tell you what my thoughts are regarding our position, but also they are there to educate you. ...
Here are the ones I find have anything usable. Again I want to note that these haven’t been working as well in this choppy environment as they typically do because they change so much during the week. But doesn’t mean I am going to stop monitoring them :-). AAPL: If I had to guess, AAPL...
Hey Guys, happy weekend to you all. First I want to acknowledge and give a shout out to those of you that have now been with me for a month and have decided to stay. I appreciate you believing in me and taking a chance on the new girl. I want you to know I am constantly...
Every week we see that markets are near highs. We read and hear that we “are due for a correction,” that there are bearish divergences based on endless indicators, that we are in a bubble that can’t sustain itself. And yet, we look at the indices and nothing looks ominous. Yes the QQQ‘s and IWM have […]
I am recycling pictures from last earnings. Honestly not sure why so many people went long TWTR before earnings. Not that I’m hating, but it wasn’t like they did anything meaningful to make me think metrics had changed. Plus even earnings beats have been beaten up this season. Anyway, if you are down, I am […]
We used to get V-shape reversals that lasted at least a couple weeks, now we have both the down and the up side of the V in one day. What’s interesting is that while the indices pretty much made up all today’s losses, many stocks that sold off this morning did not. If I counted […]
Here is some open interest charts. I’m finding that in this very choppy environment the weeklies are not working as well and that the open interest is drastically changing from day to day, whereas in treading markets it doesn’t change so much. For that reason, I am going to focus less attention on how it...
Hope everyone is having a nice weekend. I’m going to change things up just a little bit going forward. Given the bipolar nature of our market instead of having 10 or so set-ups over the weekend, I will pick around five of the ones I deem best and then as the week progresses add a...
A few weeks ago I wrote What The F%^$ is Going on Here (Part I) and I just read the introduction. I could probably just copy and paste it here, since not much has changed. High growth momentum names are still getting crushed, utilities are still outperforming and the SPX isn’t selling off in the […]
So we get a few flat days and then have big up/down days. They are getting less exciting. Where are we going from here? If you say you know then more power to you, but I don’t believe you. AMZN pretty much flat after earnings so far. Let’s see what the king of magic Bezo’s can […]
FB reported great earnings, but so far fairly muted response. It’s early. Do people really play ZNGA games still? I guess so. GILD had amazing earnings and only closed up 1.4%. So you could make the argument that the bull market is over. However, I would keep an open mind and say maybe the bull market […]
NFLX up a little right now (10 min after the close). Good earnings, good guidance and going to charge more for new subscribers soon. That should be good for the stock, but let’s see if people who didn’t get out above 400 sell into it or not. Will be a big market momo test. Day […]
AAPL: Honestly I’m surprised at how muted the open interest is for an earnings week. There is nothing I can see as helpful currently. Maybe after earnings. AMZN: If it gets over 330, but those calls stay the same then could be a good short at the end of the week. BIDU: Let’s see...
Level 1: This is the last week I will be posting for Level 1 and I will make sure all your recurring payments are canceled before anyone gets renewed. Thanks for understanding. Hopefully I will get a chance to work with you in my premium level service. Good luck to you. Regarding these set-ups. I...
If you have been trading the markets the last couple of months you have probably recognized that something doesn’t seem right. If you traded these markets last week, then you really know something doesn’t seem right. The large swings last week were uncanny. It is assumed that the massive swings we saw are a day traders dream, […]
I’ve seen some stuff floating around twitter lately that maxpain doesn’t work. Well, I would agree if you use traditional maxpain, which uses dollar value as opposed to open interest and volume. You can read more about that here. After a couple years of tracking open interest on high beta stocks and watching stocks pin […]
Snoozefest today, which while it didn’t provide much intra-day opportunity was probably much needed after the recent volatility. The volatility will surely be back soon. GOOG or GOOGL (how annoying is that) paid per clips down and so far stock taking a hit. IBM as well. You think it affects the market tomorrow? I have no clue. TLT […]
AAPL: This has room to fall to 500, but could pin at 525 if the open interest doesn’t change too much all week (unlikely to not change much). I would definitely by calls if it got to 500. AMZN: As I stated on the set-up sheet, I think you could play a good bounce...
Things to consider: At some point next week we should see either capitulation and then a new uptrend or a strong bounce and then a resumption lower. The best approach next week is to sit on your hands until we see a range break (either a break of Friday’s SPX lows or back over Friday’s...
Flat. That is how I am positioned over the weekend. I see no edge in either direction at this juncture. The short term trend is down, but we are oversold based on some measures. This is a market for those that embrace volatility and not for those looking for longer term trends; therefore, quick one […]
The title is in reference to my post two days ago titled, Is That a Bounce or Are You About to Get Pounced. Yellen doesn’t get follow through love like Ben. Why an old lady would sign up for a job like that is beyond me. I’d rather retire somewhere and chill. So happy that […]
I am going to share some very well researched and good information for you. These are fundamentally sound healthcare companies that have a lot of upside potential and are darlings of Wall Street. If bio’s and health care make a comeback you will benefit from these. Pharmaceuticals Health Care Providers Health Care Equipment & Supplies […]
Fun day huh? I must thank Yellen for that pop we got to sell into. Essentially the Fed clarified backtracked out of that detailed description of rate hikes. As I mentioned yesterday, I think the brunt of the selling is over (for the time being). I don’t think all stocks blast to new highs like they […]
I don’t know, can we call today a bounce? It’s not a 2013 bounce, but hey a bounce is a bounce. Finacials still meh led by the big dog himself GS. Tech hung in there pretty well, but was somewhat bifurcated. Of course it was led down by the other dog herself AAPL. I […]
I know lame title cause it’s just too obvious. Deal with it. Follow through with some more downside is not bullish by the way (now I sound like Keith, yikes! I won’t do that again). So when will we get a good bounce? You know, reward the dip buyers, shake out the shorts, give CNBC […]
AAPL: It closed right above the 50-day. Could be a good bounce play, but don’t try buying too late cause unless there is news (even if there is news), that 540 is going to be a tough one to crack (unless it’s right at the start of the week). AMZN: Very close to filling the...
Hey my lovely peeps! Ok a few messages before I begin with the set-ups. Thank you guys for believing in me enough to join. I have taken a lot of heat since I’m “another one” starting a service. I know that I need to just ignore it and I know that over time people will...
I hope you guys had a good week. I want to emphasize something here for Level 1 traders. If you subscribed to this level, I assume that you are already a seasoned trader and have a process just looking for ideas or open interest. The reason I say that is because I make the set-up...
What a week! It couldn’t have been permeated with more mixed signals and divergences. SPX made all time highs, while the rest of the market was taken to the woodshed. For a several weeks now I have been pointing out all the divergences and presenting a bearish tone to my posts. Anyone who followed me […]
If you are watching the momentum stocks you may be wondering where all the money is going? Well, I see some select energy, semi’s, financials, and oh yes, old time tech. Which brings me to my…. Tweet of the day: I’m going to venture to say that won’t last all year. We either start rotating […]
And where do those roads lead? All time highs of course. Divergences, Shmivergences. We are back at all time highs! Woohoo Ok I’m exaggerating. Although we are at highs, it just doesn’t feel the same as it did last year does it? Well that is probably because there are a lot of laggards that aren’t […]
First day of the second quarter and money flowed in as expected. Of course it all flowed into a gap up, the very start of the day and the last 15 minutes of the day. SPX at new highs. A bit of recovery in the biotech’s and the momentum stocks. So far trend seems to […]
Please check out my latest piece on TheStreet today. Bulls Make Money, Bears Make Money, How Can Anybody Make Money Right now? Today: ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ Once again we had the overnight lift, brought some hope back in, and crushed it. Except for the IWM, which was trading in its own world today. Anyone chasing those momo […]
This is the first time I am making this private. Feels odd :-). Please make sure you read my free regular market commentary for the weekend here. AAPL: It’s definitely acting better and trying to clear the downtrend line; however you know the rules with AAPL. If it doesn’t get over the high open interest...
Please make sure to read the Important rules and notes! Longs: WDC: It keeps trying to breakout. Strategy: Go long above 91.10 with May (monthly) 92.5 calls. stop set at 87.95. Scale out half around at 93 and move your stop to break-even. keep scaling out and moving your stop up if trade continues to work....
1. The watch list is just that. It is good set-ups that may or may not trigger. That means not all of them will be or should be taken. If you are not in my level 2 service and don’t know if I am taking the trade you must survey the market around you when...
Bulls make money, bears make money, but in this market, only tactical traders make money. For the last few weeks the SPX and DJIA have held up within a range giving the impression that the market has been relatively flat, but underneath the surface things have not looked so neat. The areas of the market that […]
Thank you for signing up for SassyOptions LLC Premium. Your transaction has been completed, and a receipt for your purchase has been emailed to you. You may log into your account at www.paypal.com/us to view details of this transaction. Welcome to Sassy Premium: Below is all you need to get started – these are very important so please read...
Since tracking these I have never had to shift so many of the graphs to fit the new ranges due to how much they have fallen since this weekend when I posted the original one. SPY: AAPL: AMZN: BIDU: CMG: FB: GOOG: LNKD:NFLX: PCLN: TSLA: TWTR: I now have my premium service page updated with some […]
If the market feels like it is biting your head off and eating it alive, you aren’t alone. The BEST thing to do is wait it out or at least trade very small. The momentum and bio stocks being beaten down is bearish, yet the indexes are doing a good job hiding that. So will […]
Last week really highlighted how much open interest can affect prices and was especially pronounced due to it being quarterly expiration. If you haven’t had a chance to look, check out last weeks open interest and Friday’s closing prices. There has definitely been some weakening across the board in momentum stocks. If you haven’t had […]
This market has been anything but easy to navigate since the start of the year. The first quarter is nearly over and we are currently up, but only by about one percent. Last week was full of noise with Crimea, Yellen, OPEX, etc. It’s very hard to make meaning of all that happened as most […]
A lot of chop recently, shake’n’bake yesterday, and fly away today. Semiconductors (SMH) and Financials (XLF) going higher tends to be bullish for the overall market. Stay with the trend for now. Speaking of financials, they were a very nice gift today because as I posted yesterday I got long FAS and KRE call options […]
Wow, what a day! Anyway, here is some updated open interest. These do not include any options that were bought or sold today. For more information on open interest please see the education section of this site. SPY: AAPL: AMZN: BIDU: CMG: FB: GOOG: LNKD: NFLX: PCLN: TSLA: TWTR: I now have my premium service page […]
The key to surviving as a short term trader is adaptation. I came into this week with a more bearish bias as you can see here. After today’s gap up that managed to hold firm the entire day, I am more neutral and ready for whatever comes next. SPX managed to trade over the 1850 […]
As I stated in my market commentary for this weekend, I am starting to see more short set-ups than longs. This includes some of the following momentum stocks. You will notice that many of these open interest graphs have one strike that is very prominent. Sometimes that strike can act as a magnet (read more […]
Last week was rough. It was difficult to make money on either side. As I mentioned last weekend the best strategy for now is practicing patience. With such a volatile and choppy environment, set-ups are more likely to fail and trying to anticipate the next move is a guessing game. Next week we have a lot […]
Ugly day. If you have been following my blog all week, then you know I should have stuck to my original thesis, which is that we would get to 183 or 185. Alas, the market never makes things easy and I closed my puts yesterday morning. Today I tried some SPY calls a little below […]
The following are the open interest as of the this morning not including any trades taken today. For more information on how to use it if you are new to my site, here are a few links with information: What is Maxpain? Delta hedging. One strike. SPY: AAPL: AMZN: BIDU: CMG: FB: GOOG: LNKD: NFLX: […]
Last night, here, I wrote this, “Either way I’m holding my swing longs (that haven’t stopped me out) and puts in SPY, WYNN, & NFLX. And for those of you that know me, you know that is rare.” This morning at 10:10 EST I wrote this: Right after that, I bought a couple things on sale, did some […]
First and foremost, I had my first contribution to TheStreet today. I have no idea if I will continue to write for them, but I thought I would give it at try. Will you do me a favor and click on it so that it gets some traffic please? My-Street-article-click-me. Thanks 🙂 As I mentioned […]
Not much has changed in my overall view of the market from what I wrote over the weekend here. Here are some open interest updates: SPY: 188 needs to hold up. I worry that if price goes below there for too long it will lead to a larger sell off with all those puts and […]
Last week I stated that I really wasn’t seeing much that attracted me among these momentum stocks. I had a couple intra-week trades and am holding some AMZN and BIDU (both April expirations and both bought prior to last week). This week as I mentioned in my other post this weekend I am going to […]
Here we are again sitting at all time highs, overbought, with a very low put to call ratio and the sense of complacency upon us. Does it sound familiar? Well, if it doesn’t, then this must be your first year in the markets. So why is this the hard part if we have been here […]
When TWTR was trading around the price of $40 back in December of 2013, I took to twitter and said that it was a good buying opportunity and that it would be chased higher very shortly. About a week later it began moving higher and in just a couple weeks was trading over $70. I […]
SPY: Want to see 185 hold rest of the week. AAPL: AMZN: Would have thought some of the 365’s would have closed. FB: Also would have expected some 70’s to have closed.
I started the week not having much conviction on many of the momentum stocks. That obviously changed Tuesday. I have been tracking FB calls across March and June and so far almost all the high open interest calls (many bought in blocks) are still there. After yesterday’s bullish day, I did get back in. AMZN […]
Pinning can be a great tool to see where your stock may end up at the end of the week. Even though I give you the open interest at the start of each week and often mid-week, it’s still best used at the end of the week. However, there are many caveats to the workings […]
As I mentioned over the weekend here, we were short term overbought based on stocks over their 20-day MA. . You add that to geopolitical events and the uncertainty they create and you get a tough environment for stocks to move further up in. Although today didn’t necessarily “feel good,” for the bulls, it’s hard to […]
Note that the following market conditions I write about can easily be trumped by news (i.e. Ukraine/Russia). The market has been tricky and has felt stuck at old highs acting as resistance. However, even with the violent drop late Friday due to the Ukraine/Russia news, we still managed to close the day, the week, the […]
The following are the open interest graphs for March 7th expiration on $AAPL $AMZN $BIDU $CMG $FB $GOOG $LNKD $NFLX $PCLN $SCTY $TSLA and $TWTR. For further understanding of how to make use of these please read What is Maxpain and visit the education section of my site. For SPY, IWM, QQQ, & XLF open interest and market comments for next week […]
The open interest is as of this morning (February 27th) and does not include any trades made today. For further understanding of how to make use of these please read What is Maxpain and visit the education section of my site. For the open interest update on SPY and to see some short interest updates see last nights post […]
Sour ending to the day. Hello BIDU!!!! Woot. Dougie got really excited about the TSLA convertible note (I presume that was his reason for shorting the entire time whether he admits it or not). Unfortunately for him, it started going higher instead (face-plant). And! This from TSLA: sees 2020 Gigafactory Tesla vehicle volume about 500,000/year. TSLA […]
TSLA TSLA TSLA TSLA!!!!! Oh snap! My guess from last night was correct by 0.4% – SPY. FSLR taking away my halo….obviously it’s not a stock backed by #MagicalMusk. Very disappointing. I don’t know what the deal is with BIDU. Either no one is interested for a reason or everyone is too busy with TSLA TSLA […]
Here is some updated open interest that includes today’s trades. SPY: About 34,000 184 puts were added. If 184 holds then it would help validate the strength of this market. If it fails to hold, we may see a move to underneath 183 if the selling picks up speed. AAPL: AMZN: FB: LNKD: NFLX: SCTY: […]
Call me crazy, but I’m near term cautious right now. If I had to guess I would say tomorrow will be a down day. If we get SPY 183 I will look for a possible entry to get long. And if instead we keep going higher tomorrow than it’s good I was just guessing. #neverwrong 😉 […]
The following are the open interest for BIDU, FSLR, SCTY, and SINA, all of which report earnings this week. The implied volatility and projected price movements are taken from the latest information available as of Friday February 21st. Monday SCTY: Weekly IV: 120%; weekly options pricing in + or – $10. The current implied volatility is one […]
The following are the open interest graphs for February 28th expiration on $AAPL $AMZN $FB $GOOG $LNKD $NFLX $PCLN $TSLA and $TWTR. For further understanding of how to make use of these please read What is Maxpain and visit the education section of my site. To see SPY open interest and market commentary for next week see here. To see […]
The market is exhibiting very 2013 like behavior. We had a quick correction followed by a V shape reversal and are now consolidating gains through time. Thus far this action is healthy and bullish. If we claim all time highs it will be important to see it backed by several breadth indicators. One indicator I […]
TSLA squeezing the Dougie’s of the world. Had some intra-day drama in the markets today. Perhaps just working off some overbought froth. It was a bit concerning that we had a few large negative ticks. Let’s see…. So far most of my positions look good this week except for V. Loser stock right now, […]
I exited REGN, P, and DECK today. I got long BIDU today per my thoughts that I wrote about this weekend here. For better or worse, I am holding GRMN into earnings tomorrow. I will update those SPY 184 Calls and 90 QQQ calls by tomorrow morning via twitter. See here to know the context. […]
The following are the open interest for PCLN and TSLA, both of which report earnings this week. The implied volatility and projected price movements are taken from the latest information available as of Friday the 14th. To view next weeks open interest for SPY and QQQ as well as market commentary for next week click here. […]
The following are the open interest graphs for February 22nd expiration on $AAPL $AMZN $BIDU $FB $GOOG $LNKD $NFLX $TWTR. Keep in mind that because this is monthly expiration, many of the puts or calls could have been bought a long time ago. For further understanding of how to make use of these please read […]
I was certainly not expecting another V-shaped recovery similar to those we experienced in 2013, but hey, I’m not complaining. The question going forward is will we make new highs on SPX or was this a huge bull trap that will develop into a lower high and retest the lows of 1737 or lower. So far […]
I took that title from @JBoorman so want to give credit where it’s due. He also got the tweet of the day today (different one – see below). This has been an AMAZING few days for the bulls. I would name off a ton of stocks that have exploded to the upside (many that I […]
What can I really say here? So far Yellen is hero #2 to the bulls. Whether this is a bull trap or not remains to be seen. Small caps and consumer discretionary are lagging, we may be overbought, but for now if it looks like a bull, smells like a bull, then…. I’m not going […]
Some market consolidation is a good thing after last weeks rally, but still not liking the underperformance of the small caps and financials. We’ll see. Fed Chairwoman Yellen will speak tomorrow to the House Financial Services Committee. It’s possible her words will be market moving, but the assumption is she isn’t going to say anything stunning…. […]
As always these are meant to be used as an asset to your other technical indicators…. To see SPY open interest and other market commentary click here. AAPL: Is the accelerated buy back over now that it has been revealed? No idea, but if it’s not then be weary these high open interest calls week […]
The rally we had toward the end of last week was surely impressive. Was the 5.8% correction we had enough to take us back to all time highs? It definitely was a good start, but I don’t think we are out of the woods just yet. The best scenario going forward would be for us […]
We had a little fake out this morning after the horrid jobs report. Today felt a little like 2013 didn’t it? Nice to have a little flashback Friday. I guess Ichan is going to be a hero again, AAPL. I am sick to my stomach for not buying options on PCLN this morning even though […]
LNKD beat estimates, but guided lower and is currently being punished. Seems to be a theme so far this year. Not your 2013 market anymore. NFLX is up $4 due to an upgrade at the close. Tomorrow we find out if the SPY 181 call buyers were right (albeit maybe too early and will likely suffer […]
Market made a new low and then had a decent bounce. Was it the bottom? Who knows. Tomorrow the ECB decides on rates and Friday is jobs #’s. Both can be catalysts. TWTR beat, but currently trading lower. We’ll see how long they stay in the penalty box for. P also beat and trading lower; […]
Apparently retailers are on strike this year….either that or they are all going to KORS. What a great pop…. It was backed by those #WiseGuys. See here to see where I mentioned it last week. AOL is back up so my thanks to anyone buying. Chart of the day: – it’s actually a table taken from this post that […]
Man, there was just no break from the selling today (and if you live in NYC) there was no break from the snowing. Both are annoying. Best thing to do today was the opposite of what I thought…should have shorted everything. Well I’m done looking for a bottom. Maybe it was today, maybe it wasn’t. […]
This post is more for me as a keepsake :-). http://blogs.marketwatch.com/thetell/2014/01/31/strategists-eyeball-these-sp-500-levels/
Here are your weekly open interest graphs for those addiction stocks you love. As always, these are meant to be used in conjunction with your other technical analysis tools. If you have questions on how to interpret them please read the posts in the Education section of my website before asking me. Thank you. For […]
The following are the open interest graphs for expiration on Friday February 7th. The implied volatility and priced in movements are based on the weekly options and will likely change slightly prior to earnings. Wednesday: BIDU: (unconfirmed date) IV: 55.1%, pricing in + or – $9.30 (fairly elevated based on typical earnings IV) TWTR: IV: 145.9%, […]
One month down, 11 to go. The market is doing a decent job of getting rid of the “animal spirts” left behind from 2013. Despite the oversees issues and the development of tapering, I don’t yet see a reason to believe the bull run is over. So far what seems to be taking place is […]
What’s New Besides More Chop and What to Keep Focused on
The bottom line is that there really isn’t that much new to say regarding the markets so I will keep this brief and highlight some things I think are important to keep track of as the chop continues. I’m seeing many people expect some type of resolution to this chop next week. It’s possible and […]
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