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My name is Jeff Kohler, and I am an Option Addict. I make money in the options market. Don't believe me? Watch me.

 

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Amateur Hour

Well, now that "amateur hour" has come and gone, and I have gotten my early morning trades taken care of, I guess I ought to talk about what is getting me riled up this morning.

By the way, ever wonder why they call the first hour of trading "amateur hour?" Yet, 99% of amateurs I have interviewed claim that the reason they don't trade in the morning is because of this nickname, and they don't want to be labeled as such. Disclaimer: The Option Addict takes more trades in the first half hour of a trading day than small Mutual Funds take in a Quarter.

Opportunity is opportunity.

Anyway, I still don't know what to do with MON. If you have any ideas, throw them at me. They posted a $210 million dollar loss this last quarter, and the stock still doesn't want to go down. Unbelievable. I started a MON Nov Call buyback plan. It has taken me most of the morning, and is going to totally ____ my cost basis. Oh well, better to gamble with winners than losers.

The biggest rush I have going today, aside from some assbag e-mailing me and telling me if he were my boss that he would fire me, is the price action that continues in my big gainers today. PCU, LVS, WYNN, GNK, FCX, ISRG, DRYS, BCSI, SOHU, ESRX, FWLT, JEC, PCLN, DVA, CNX and HANS.

Fire me?!

In the meantime, someone tell me not to keep sitting here and rooting for China stocks. This has been the single biggest source of free money I have found in the market over the last several months, and I would hate to see it start to slow down.

I've got another Mastertalk presentation tonight. A great suggestion from the blog about potential topics last week turned into a pretty good presentation. If you have any other ideas, lets hear them.

Recommendation: I might get motivated to vlog later today, but don't encourage me.

Long: Vlogging

Short: Blogging

Disclaimer: I don't need free money from China.

Reader Comments (3)

Seem you need a time to start work ;)
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