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
Thursday, March 12, 2015
BIIB gamble was a big lose
My 5 BIIB Mar 13 $412.50 gamble was a big lose bought at $2.50 Wed. and sold for 50 cent today. Still have 10 BIIB Mar 13 $410 Calls have to sell Friday hope to lose just a little money. BIIB was not acting right all the bio tech stocks I track were up around 1% but not BIIB, it closed down at $407.64, need $410-$412 to break even. Also took a big lose in PCRX Apr 17 Z$100 Calls sold 7 at $3.40 and had bought at $4.90. Did made two good trade [yea I know hard to believe] BIIB Apr 17 $410 Calls 5 at $18.00 and sold at $18.50. IBB Apr 17 $345 Calls 5 at $9 and sold at $10. So I'm about $600 ahead for the week. Friday will try to made a little money and go into the weekend with 50% cash, hoping for more. IBB caught the low at $341.10 and it closed at $344.83, the high was $345.07. Good luck in this rigged casino.
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