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
Tuesday, February 3, 2015
IBB down down down then up up to close at $317.79
I missed posting Monday, it was a good day for me, bought at IBB's bottom and sold for some good money. Tuesday my timing was off and made the mistake of not buying a few options, I bought 20 and then 20 more and IBB went down 5 more dollars, very dumb. I start with buying 2 to 5 options when I think it's at it's low, then if I'm wrong I buy 5 to 10 more, if it still goes down I buy 20 more. So today I bought a total of 40 IBB Feb 20, 2015 $322.50 Calls way to early, the share price went down 5 more dollars. But I did have some extra money and was able to buy and sell 10 IBB March 20, 2015 $320 Calls at $11 and sold at $11.50. So I have a total of 42 IBB Feb 20, 2015 $322.50 Calls I need the share price to move up to $319.60 + of - a few cent to sell at in $6.10, I'm avg in at $5.60. So GILD just reported a very good quarter and it's in IBB so today I hope for a $2 plus open. IBB closed at $317.79 the range was $310.13 to $322. Good luck in this rigged casino.
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