Wednesday, March 18, 2015

Market liked the Fed meeting, Bio up up up an away after 2PM

I was afraid to bet big on the 2PM FOMC Rate Decision. Bought two IBB Apr17 $350 Calls at $11.70 and sold at $14.30 made out great on that trade. Bought five BIIB $425 Apr 17 $425 Calls at $18.20 and sold at $19.00. Bio Tech goes higher. PCRX closed at $98.13 and hit $99.20 today. My 40 Apr 17 $100 Calls need $2.40 more to the closing price for me to make money which would be $100.60. If I don't get it this week will start selling next 10-15 calls a week. IBB closed at $358.14 what a run, it was $326 a month ago. Good luck in this rigged casino.

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