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
Monday, March 2, 2015
Bet big on bouce for PCRX
PCRX got a dear john letter from the FDC rejecting its application for expanded use of there pain drug. It went down $22 so I started buying Calls, a total of 64, 26 for Mar 20 at $95 and 38 for Apr at $100. I did this on a feeling, lets hope I'm not feeling sick tomorrow, need $95-98 to sell all. Did well on BIIB, bought at $16.80 and sold at $17.60 and again bought at 17.20 and sold at 18.00. Sold 10 NDLS May 15, 2015 $20 Calls at $1.30 made a little money on that, still have 25 more and down $1200 need $20.80. IBB traded with not enough range to buy. It closed at $339.93 with a range of $337.15 to $340.22. Made a lot but I'm in a lot with PCRX, hoping for a quick $2-3 pop at the open and will sell all the Mar Calls. Good luck in this rigged casino.
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