I stopped buying stocks in 2014. Started trading options in June of 2014. Mostly IBB options. I'm using this blog for a record of my trades, good and bad, so I can look back and see if I can improve my trading. If you would like to trade along, don't, I some time hold options only for mins. A week or more I feel is a bad trade. Always remember it's a rigged casino
Thursday, January 29, 2015
IBB up
Well I missed the bottom of IBB again but I was there today , very upset. So upset I sold my IBB. I bought and sold 2 IBB Feb $325 at $8.50 and sold at $9.10. Made money so I should be happy. The range of IBB was $314.74-$323.01, closed at $322.85 BUT afterhours was $326.63 guessing some of the drug companies came in with good earning. For all the IBB Calls I have, I need IBB around $226-$328 to make money. Here's what I have IBB Mar 06 at 330, Jun 19 at 325, Feb 20 at $325 and my long hold IBB Jan 15 2016 Calls at $360. Still have OUTR Mar 20 Call at $70, waiting for earning Feb 5th. Good luck in this rigged casino.
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