BUYS INTO THE WEEKEND
As discussed in After Hours with Option Addict last night, I bought $BIDU calls at the open. I’m still holding the position I bought on 5/4, which expires next week. That hold pretty much had me shitting my pants on the regular this week.
I also picked up $PI calls and loaded into some $SNAP.
I’m stepping into these longs knowing there’s a 50/50 we revisit the lows of this week. Not the best odds, but I like what I picked up that much.
My week could have been insane had I waited for the washout to buy my weekly calls. I’ve added $COF, $EDIT, $BLUE, $BAH, $SFUN, $KNDI, $VNET to my watchlist next week. We’ll discuss these set-ups at the close today.
Have a good weekend,