May 29th, 2014 Positions and Market Update

Wow, what a day, as the market shook off a weak GDP revision for Q1, and the S&P closed at an all-time high. Weekly jobless claims came in lower than expected, and folks are citing that as the reason for the rally... My thoughts? - Earnings season for Q1 came in better then expected with a negative 1% U.S. GDP, not only that, the number is two months old. Q2 GDP reading will be very important now and needs to be 3.5%+...

The next big market mover is the ECB next Thursday... inaction on Draghi's part will result in a market bloodbath. Negative rates and some other accommodative measure will result in a 1%+ global equity rally. Will be watching VERY closely.

A great day for some options trades as SCTY squeezed out of the gate, SHLD ran hard, and YELP calls bought at the open turned into 7x+ baggers.

PCLN, AAPL, NFLX, and others moved nicely as well. Can't play them all folks, so pick and choose your plays... YOU WILL MISS SOME! Tomorrow is another day and another trade.. the market will be here!

Here are my current positions:

Tracker 5-29-14 a

Have a Great evening and see you tomorrow morning!

- JB

JimmyBob (Scott)has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%.

As one of the Co-Founders of optionmillionaires.com, Scott enjoys sharing his knowledge with other investors through timely blog posts, daily watch lists in the forum, weekly webinars, and helpful advice within the chatroom.

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5 thoughts on “May 29th, 2014 Positions and Market Update”

  1. JB – Trying to put your gains in context – how long have your gains been running for? That is, how long has it taken you to make the 26K in the current post?

    Thanks,
    Brian

          1. Even better. Nice flip on aapl today. I was in calls, out and then picked up puts on your prvt tweet -solid gains!

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