All posts by uranium-pinto-beans

UPB’s Outlook For the Week – AAPL, SPY, AMZN, PCLN, CAT, COF, AXP

MY GDX text alert at $.33 on Thursday hit $1.11 on Friday! Just a perfect alert. I will take a bow now.

Thanks for all who attended tonight's class. For those who couldn't make it I have the file and can email it to you if need be. I will be hosting another live class within the week. Either Tuesday night or a night this coming weekend.

On to this week. What do I see? What have we.....

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I Don’t Trade Options Often, But When I Do I Listen To Jimmybob

 

He's the most seasoned options trader in the world.  Some of you may know he recently turned $2k into $200k, but here are some little known facts about option millionaires star Jimmybob:

  1. He once taught a German shepherd to bark in Spanish.
  2. He never says something tastes like chicken – not even chicken.
  3. He’s been known to cure narcolepsy, just by walking into a room.
  4. He once had an awkward moment, just to see how it feels.
  5. His beard alone has experienced more than a lesser man’s entire body.
  6. Even his enemies list him as their emergency contact number.
  7. He’s a lover, not a fighter, but he’s also a fighter, so don’t get any ideas.
  8. When it is raining, it is because he is thinking of something sad.
  9. His shirts never wrinkle.
  10. He is left-handed. And right-handed.
  11. If he were to mail a letter without postage, it would still get there.
  12. He has amassed an incredibly large DVD library, and it is said that he never once alphabetized it.
  13. You can see his charisma from space.
  14. The police often question him, just because they find him interesting.
  15. He once punched a magician. That’s right. You heard me.
  16. If a monument were built in his honor, Mt. Rushmore would close… due to poor attendance.
  17. His blood smells like cologne.
  18. His organ donation card also lists his beard.
  19. On every continent in the world, there is a sandwich named after him.
  20. He doesn’t believe in using oven mitts, nor potholders.
  21. His reputation is expanding faster than the universe.
  22. His cereal never gets soggy. It sits there, staying crispy, just for him.
  23. The pheromones he secretes have been known to affect people miles away, in a slight but measurable way.
  24. His hands feel like rich brown suede.
  25. He owns three sports cars and rents five.
  26. He once taught a horse to read email for him.
  27. He once brought in $13 million at a charity bachelor auction, which was a lot of money at the time.
  28. Respected archaeologists fight over his discarded apple cores.
  29. He is the most interesting man in the world.

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AMZN Call Buyers Say “Show Me The Money”

AMZN blew away all earnings estimates.  The stock soared on Friday and brought all AMZN calls up with it.  When a stock like AMZN, GOOG, AAPL goes up 15% the options go up 700, 1,000% or more.

On Friday traders buying any of the calls expiring that day were able to sell for large profits.

The $220 calls from $.39 to $7.79 or $390 into $7,790.  The $225 calls from $.20 to $1.88.  Some impressive option moves.  It gets better.  Had you positioned yourself earlier in the week for AMZN earnings you had the chance to get in at even cheaper prices.

The $220 calls were selling for $.18 on Tuesday so make that $180 into $7,779 for anyone good enough to be in earlier in the week.  The $210 calls were $.65 on Tuesday and closed at $17.10 on Friday.  The $225 calls were at $.10 on Tuesday and went over $3.00 no Friday.  That's $100 into $3,000.  I don't think I need to do the math on the rest of them.  Almost any AMZN call this past week held to Friday was a "show me the money" type option trade.

This is why we trade options and a big high five to all of you who took AMZN calls to the bank on Friday.

Option Millionaires Thursday Recap and Friday Gameplan

It was another great day today. I scalped X calls again. Got the $28 calls early for $.29 sold at $.40 (I have to check executions, I think that price is right) those calls closed $.51 bid. OM chat is becoming X rated courtesy of UPB. LNKD sold out from $.75 on the $105's they hit $2.25. SINA my $.17 calls from Wednesday I sold out at $.38. SLV $30 calls I bought on Wednesday I sold out at $.40, they went over $.45

For tomorrow My gameplan:

I'll be looking to sell.............

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