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 16, 2015
Bio tech up up up and away
Good day for me, sold my 5 BIB Apr 17 $420 Calls I had for a week at $19.90 was in at $18.80. Sold the 10 PCRX Apr 17 $95 Calls I bought Friday for a $381 gain and sold 3 PCRX Apr 17 $100 Call at a lose. Still have 40 PCRX Apr 17 $100 Call, need $5.80 and it's around $4.00 so I need a $101 market price to get out with a gain and it closed at $97.06. BIIB and IBB ran up, no good point too jump in. Will be buying very small amount of Calls at this level. PCRX I may buy more $95 Calls at $93. IBB closed at $345.53 with a range of $342.27-$349. Good luck in this rigged casino.
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