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, February 3, 2015
Options the Bet: IBB down down down then up up to close at $317.79
Options the Bet: IBB down down down then up up to close at $317.79: I missed posting Monday, it was a good day for me bought at IBB's bottom and sold for some good money. Tuesday may timing was off and ma...
IBB down down down then up up to close at $317.79
I missed posting Monday, it was a good day for me, bought at IBB's bottom and sold for some good money. Tuesday my timing was off and made the mistake of not buying a few options, I bought 20 and then 20 more and IBB went down 5 more dollars, very dumb. I start with buying 2 to 5 options when I think it's at it's low, then if I'm wrong I buy 5 to 10 more, if it still goes down I buy 20 more. So today I bought a total of 40 IBB Feb 20, 2015 $322.50 Calls way to early, the share price went down 5 more dollars. But I did have some extra money and was able to buy and sell 10 IBB March 20, 2015 $320 Calls at $11 and sold at $11.50. So I have a total of 42 IBB Feb 20, 2015 $322.50 Calls I need the share price to move up to $319.60 + of - a few cent to sell at in $6.10, I'm avg in at $5.60. So GILD just reported a very good quarter and it's in IBB so today I hope for a $2 plus open. IBB closed at $317.79 the range was $310.13 to $322. Good luck in this rigged casino.

Friday, January 30, 2015
Options the Bet: IBB up up then down
Options the Bet: IBB up up then down: Good day made some money. Sold 9 IBB June 19, 2015 $325 Calls at 21.90, sold 1 IBB Feb. 20, 2015 $325 at $8.20, bought and sold 2 IBB Mar 20...
IBB up up then down
Good day made some money. Sold 9 IBB June 19, 2015 $325 Calls at 21.90, sold 1 IBB Feb. 20, 2015 $325 at $8.20, bought and sold 2 IBB Mar 20, 2015 $325 Calls at $11.40 and sold at $12.60. At close I bought 2 Feb 20, 2015 $322.50 Calls at $8.10. Still have 5 IBB Mar 06, 2015 at $330 may be a bad hold. Could have sold at a small lost. We will see. IBB range was $321.06-329.16 and closed at $321.65. Good luck in this rigged casino.

Thursday, January 29, 2015
Options the Bet: IBB up
Options the Bet: IBB up: Well I missed the bottom of IBB again but I was there today , very upset. So upset I sold my IBB. I bought and sold 2 IBB Feb $325 at $8.50 ...
IBB up

Wednesday, January 28, 2015
Options the Bet: IBB down all in on IBB
Options the Bet: IBB down all in on IBB: Well I missed the bottom of IBB today, was out visiting, that was costly. I bought more of IBB Calls at different months and strike prices. ...
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