Opening KBH and LEN puts

After a respectable run of good wins – especially the BABA call trades – we still hold all open positions. We see no reason to exit anything. We’re also running into a bit of market “fun” these days, as volume ticks lower ahead of the Thanksgiving break. Be prepared...

Exiting MCD, OC and VALE

After a great win streak, I do hold losers. Most remain on hold. If you’re still holding the VALE December 12 call, let it expire. This trade should have worked out much better than it did. At the same time, it’s time to exit the second halves of the MCD December 95...

Opening more BABA Calls

With a normal stock, we wouldn’t see these gains this fast. But when it comes to BABA, we’re not dealing with a normal stock. The stock doesn’t appear to know what down means. It’s just moving aggressively higher. With a $200 price target, I’ll continue to recommend...