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, June 3, 2015
Bet on CELG
Bought 20 CELG Jun 12 $114 Calls avg cost $1.25 will sell Thursday need $113.70, closed at $112.68. Still have my BIIB Calls need to sell Thursday or Friday need $398, closed at $387.48, will most likely take a lose. I bought two more $500 Jan 2016 Calls to avg down from $46 to $28, well most likely sell these 4 Calls at a lose but it will be less. Still think BIIB will climb 60 to 80 point this year. Sold 50 CSCO calls at a big, big lose bought at 35 cents and sold at 2 cents. IBB did well closing up $1.36 at $364.82 with a range of $362.55 to $366.20. Good luck in this rigged casino.
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