xukaitan888

Buy LABD for a pop

Long
xukaitan888 Updated   
AMEX:LABD   Direxion Daily S&P Biotech Bear 3X Shares
2
XBI cannot get new highs, the bottom trend line for LABD is touched for 4 days. I think it is a good entry point for LABD. I bought 150s at 20.92
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I bought another 120s later. total 270s
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bought another 190s at 22.14, total 460s
Comment:
www.cnbc.com/2016/08/09/us-markets.html
This news reminds me of risk of SPX500, everything is rising!!! Gold and SPX500. I am more confident that SPX500 should fall sharply.

Even it doesn't fall, I still think XBI should fall a bit at least.

I also sold my UWTI for 20% profit. I don't want to take risk on OPEC meeting.

I sold my OAS for 27% profit, because I am not sure about the stock trending any more.
Comment:
SPX making new highs for two days. 2 Cross Stars looks so scary.
The earning season is about to end, the new highs makes no sense.
Bad GDP data counts a lot, job report count a little.
New weak data posted.
I think it is the time for bears to crash the market.
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I just found that we can buy call LABD in option. I will update here if I have option contract of LABD here.
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Big move!
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Buy to open 20 contracts Aug 19th @25$ CALL. LABD
It is my first time to buy options. Hope everything is good.
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I am 100% sure it will cross 100EMA in a few days.
I bought another 3 contracts CALL at @24 just for practicing exercising options.
Now I have the right to buy 2000s at 25$ and 300s at 24$.
I would like to see the price cross 30$ the next week, then I can exercise them and sell at 100EMA.
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I hope we can close above $24 today.
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We successfully closed at $24.05.
I can see tomorrow we have a huge gap up to $25 then may reach 26.++
I hope we can see $29 this week, then hope $36 before next Friday.
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wake up with OIL and SPX500 gains, I don't know what news are leased.
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check 5 mins chart on XBI, I am pretty sure LABD would close green today too!!!
Even the SPX500 is not helping.
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buying 140s LABD at 22.72
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I have 600s LABD now.
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See the pullback pattern here. This is the reason I add more.
Trade active:
Check the hourly volume here, tomorrow should be a big pop. I will buy the options tomorrow morning if they are still cheap.

Trade active:
I bought 17 contract call @24 Aug 19st.
total
20 @25,
20 @24,
all of them are Aug 19.
Comment:
sold 600s LABD as it broke my chart
Comment:
I think my first option trade failed. Maybe. I should trade the options with different time stamp. The market is unpredictable.
Tomorrow, according to the market, I may buy another LABD option with longer time.
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