9/16 Recap

As always I don’t do a full recap on Fridays, today is OPEX so I would look for some crazy moves into the close. So keep that in mind.

Trade Of The Week Recap

COHR went about as perfect as a trade could go in 5 days. The stock was 38.xx when I highlighted it Saturday, right now it’s a little over $54 after touching $57 this morning. It’s uncanny how quickly those 3 odd buys of January $55 calls paid out for the buyers. This was more luck than anything, it just caught my eye that there were so many calls so far OTM and it worked out quickly. I doubt I will ever have a best idea go +50% in a week, so brace yourselves. This morning is popped another 10% on news Nvidia was increasing orders for more optical solutions from them. The likelihood all those thousands upon thousands of calls were bought knowing the news in advance of the news actually being released this week is quite high. That’s why the options market is where I try to focus my attention and less so on actual fundamentals because the buying/selling will be seen long before reality hits. As you can see below, today’s candle isn’t the best, if you’re still in this trade, there was alot of call buying again in the table below, but if you’re up 50% in a week on common or the calls I suggested up hundreds of percent quickly, you really shouldn’t even think twice about selling. This was a once in a lifetime type trade and you can’t let greed overcome you, there will always be another trade.

Trends

I added the 2 month here today, remember these are only including trades with dates that would still be open.

Week To Date

2 Week

1 Month

2 Month

Today’s Unusual Options Activity

111 Trades Today