Tuesday, March 10, 2015

A Wild Ride Down

The sins of the pass. Should've been in cash over the weekend. Now I'm stuck with 50 PCRX Apr 17, $100 Calls, 15 NDLS May 15 $20 Calls, 5 BIIB Apr 17 $420 Calls. Market down big time. I bought on the way down and sold most of it on the way up, at 1:30 PM BIIB started back down it was an amazing run up, made some good money buying and selling. At 2:30 PM IBB started trading down, down down. I bought 10 IBB Mar 20 $345 at $4.70 and sold at $4.90, 10 PCRX Apr 17 $95 Calls at $5.15 sold at $5.40, 3 BIIB Mar 13 $422.50 Calls bought 4 days ago at $3.40 and out at $3.30 for a small lose, 6 IBB June 19 $340 at $16.90 and sold at $17.60 and 6 BIIB Apr 17 $425 bought 4 days at $14.90 and sold today at $15.50. Made money was very lucky BIIB run so high before falling. I did buy 100 CSCO $31 Jul Calls at 35 cent will hold till I can get 40 cents. Also sold three covered Calls on my 300 shares of GERN June $4.00. Need a big blow up Wed. to sell CSCO, PCRX, and BIIB. Want to be in 90% cash by Sat. IBB closed at $339.47 and with a range of $345.66 to $337.41. Good luck in this rigged casino.

No comments:

Post a Comment