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, April 28, 2015
IBB down but not out
I'm thinking the sell off is all most over in bio tech, maybe two mores. BIIB is going down fast and I think is a buy now, but like always it could go lower. I sold 2 IBB Jun 19 $355 Calls at $12.00 and was in at $10.95. My bet on BIIB is looking very bad, lucky it's only one Call. IBB closed at $344.50 with a ranged of $338.66 to $354.52. Good luck in this rigged casino.
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