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
Wednesday, March 18, 2015
Market liked the Fed meeting, Bio up up up an away after 2PM
I was afraid to bet big on the 2PM FOMC Rate Decision. Bought two IBB Apr17 $350 Calls at $11.70 and sold at $14.30 made out great on that trade. Bought five BIIB $425 Apr 17 $425 Calls at $18.20 and sold at $19.00. Bio Tech goes higher. PCRX closed at $98.13 and hit $99.20 today. My 40 Apr 17 $100 Calls need $2.40 more to the closing price for me to make money which would be $100.60. If I don't get it this week will start selling next 10-15 calls a week. IBB closed at $358.14 what a run, it was $326 a month ago. Good luck in this rigged casino.
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