{"id":14253,"date":"2012-09-29T19:31:27","date_gmt":"2012-09-30T02:31:27","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=14253"},"modified":"2012-09-29T19:31:27","modified_gmt":"2012-09-30T02:31:27","slug":"yelp-follow-momentum","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2012\/09\/29\/yelp-follow-momentum\/","title":{"rendered":"Yelp – Follow the Momentum"},"content":{"rendered":"

(This is an excerpt from an article I originally published on Seeking Alpha on September 20, 2012. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

Three weeks ago, I marveled<\/a> that Yelp.com (YELP) had surged 22.7% on the heels of the lock-up expiration of its IPO but suggested that the rally provided a better risk\/reward entry to bet against the stock’s extreme valuation. Since then, YELP has gained another 15%, trading within a wide range for the last two weeks. The extreme skew in implied volatility<\/a> has also finally settled down from a 2x difference between calls and puts to a more “reasonable” 1.3 (for October expiration). The stock has yet to reverse, but it is now relatively cheaper to buy puts. <\/p>\n

However, before plunging into fresh bearish bets on YELP, traders should take a step back and appreciate the opportunities for downside AND upside… {snip}<\/p>\n


\n
\"YELP<\/a>
YELP lingers below important resistance - the location of three blow-off tops to-date<\/figcaption><\/figure>
\nSource: FreeStockCharts.com<\/a><\/strong>
\n<\/center><\/p>\n

{snip}<\/p>\n

In other words, trying to anticipate the next move in YELP is much riskier now than trying to follow the momentum.<\/p>\n

{snip}<\/p>\n

Be careful out there!<\/p>\n

(This is an excerpt from an article I originally published on Seeking Alpha on September 20, 2012. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

Full disclosure: long YELP puts<\/p>\n","protected":false},"excerpt":{"rendered":"

(This is an excerpt from an article I originally published on Seeking Alpha on September 20, 2012. Click here to read the entire piece.) Three weeks ago, I marveled that Yelp.com (YELP) had surged 22.7% on the heels of the lock-up expiration of its IPO but suggested that the rally provided a better risk\/reward entry … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[599],"tags":[42,919,918],"class_list":["post-14253","post","type-post","status-publish","format-standard","hentry","category-internet","tag-insider-stock-sale","tag-yelp","tag-yelp-com"],"yoast_head":"\nYelp - Follow the Momentum - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2012\/09\/29\/yelp-follow-momentum\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yelp - Follow the Momentum - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"(This is an excerpt from an article I originally published on Seeking Alpha on September 20, 2012. 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