Omillionaires'  Instablog

Send Message
Scott has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%. As one of the Co-Founders of, Scott enjoys sharing his... More
My company:
Option Millionaires
My blog:
  • Where Is Zillow (Z) Headed? 0 comments
    May 1, 2014 8:41 PM | about stocks: Z

    Zillow (NASDAQ:Z) has been on fire as of late, with the stock up nearly $20over the past 5 sessions. It was also one of the few growth/momentum names to hold up relatively well during the momo madness firesale over the couple of weeks. Why? Well the housing market continues to do well, rates are holding tight, and the amount of folks using Zillow has grown over 50% since this time last year(76 million compared to 50 million)

    I wrote about Zillow(Z) back in August, and thought it was going to be the monster stock of 2013. Well it now looks like it's trying to be the monster stock of 2014 as well. Despite the stock being up over 30% so far this year, I think it still has plenty of upside left. Folks are continuing to bet against the story, with the short interest at an all-time high of 31.4% with 7.7 million shares sold short. That alone should add some fuel to the fire.

    Stocks like Zillow((Z) are extremely hard to value, and can have large swings in both directions, which are the type that an option trader like myself love. Of course I am betting on the call side, and think Zillow(Z) can near $120 in the coming weeks.

    (click to enlarge)

    I currently hold $Z $115 calls and may add or sell my position at any time. Happy Trading!

    - JB

    Disclosure: I am long Z.

    Stocks: Z
Back To Omillionaires' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.