The Official Trading Thread

transistor said:
God damn, $36k? I don't feel so bad now.
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There will always be somebody having a worse day... like Mr. Ackman taking a half BILLION dollar loss on JCP the other day.

Ackman Takes Big Hit With J.C. Penney Sale After Grand Plan Fails - Forbes

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I've been watching JCP for a while. It will probably be my next trade.

I'm still holding FNMA, bought at $1.50.
 
Long 30 sept contracts on SRPT. Likely going to hold til exp, got hosed on entry as the bid/ask was fucking appalling (my fault for buying @ MKT on my phone though). Going short YHOO if it can't break the heavy resistance at 28. Also going long GOOG @ 880 if it can keep this momentum going, looking good so far. Going to wait for AAPL to build some more steam and touch 488-490 before I buy in again.
 
JCP seems to be getting some action. Mark Cuban just said he bought a million shares.

I hope I didn't miss the boat...
 
Here are some levels to watch out for if you are looking for entries:

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Initiate long over $502.24 and major add at over $510.20.
Initiate short below $489.95 but pay close attention to all the support levels between $486 and $487.
 
transistor said:
I made $1000 in options today. This shit is easy.
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Wouldn't get too cocky bro....every time I think trading is easy I get a swift kick in the nuts to put me back in my place.

SRPT calls doing well (exp next friday), also opened some GOOG calls around open today. Missed the YHOO play today though.
 
I have shoveled money into AAPL put LEAPS since PPS was in the high-600 range last year. I go out drinking on days like today. Here's to a disappointing AAPL event in China!

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Fuck me, got ass raped on some apple calls today. Broke my own rule and bought into the hype....stupid.

Sent from my HTC One using Tapatalk 2
 
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