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
Friday, May 15, 2015
Bio tech flat
Bought 2 BIIB May 22 $395 Calls at $4.50. BIIB should try for $400 again next week. Sold two losers: 50 CSCO Jul 17 $32 Calls bought at 35 cents and sold at 10 cents and 3 IBB Jun 19 $365 Calls bought at $8 and sold at $6. Well have to hold only one to three days, the longer I hold the more I lose. IBB closed at $355.61 with a range of $353.80 to $356.99. Good luck in this rigged casino.
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