Tuesday, May 5, 2015

IBB hit way to hard

IBB was down over 7 points, bio tech is not in that bad of shape. Bought one IBB June 19th $345 Call for $10.70 and it closed at $9.15. BIIB held up nicely only down 42 cents to close at $385.80. I'm thinking we're see $400 soon. Bought 2 QLYS Sept 15 $40 Calls for $4.80 and it closed at $4.10. They beat on earnings but guided down and the stock price went down 30%, way over done, will be back to $40 in a few days [I hope]. IBB closed at $338 with a range of $337.08 to $344.90. Good luck in this rigged casino.

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