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ACAD phase II of a secondary drug had bad news in this morning and crushed the stock. This is now a biotech zombie for a long time going forward. I will take this off my short list and into my zombie list. My position is holding up well this morning JRCC is still on a bull rush up 2 point as I...

solution: move in with girl A, keep girl B on the side.

coal spot price and inventory will be out on Monday. Report will probably make JRCC move and I need to keep an eye on it. I am looking for a higher or flat price increase in spot. ELN and SVNT will probably stay in range till exp. unless news are out. which will not likely be this coming week.

the best lessons that I learn so far 1. If you haven't blown out of an account you won't know how to trade correctly. 2. If you blown out the second time then you are not trading the right market, leverage, size. 3. If you blow out the third time, maybe trading isn't for you. I can say...

Did I say I need a miracle? well let just say I got it! JRCC and ELN this morning recovered and now my bonehead move turn out to be a lucky mistake. I hate trading to be lucky. This will get your account to zero more often then make money. If one rely on luck too often you will crash and burn...

First of all I want to say I made a bonehead move today, its been a while since I had one and I didn't get hurt much. But a dumb move needs to be pointed out. I had 2 order sitting there live and I took lunch and forgot to clear it. You guess it, it got filled when the underlying went against...

well just load up on way way way way OTM FRO. then short or long on the underlying till it moves away from your FRO.:D

so how is thinkpipe? other then the profolio risk management part is the option analysis better than regular TOS?

as I stated in an earlier post I am going to stray from my bread and butter sector(biotech) now and then in the summer and I took my first position this morning on JRCC, sold 10 put vertical june 40,45@1.20. I also have a play on SVNT hope it fills.

if iv is low otm call are pretty worthless with 8 days to exp. what are you trying to make? 100@.15?.10? thats not worth the risk if the naked calls IV jump on news or you have a big guy trying to push the stock. that my friend is how you blow out your account.

ELN IV took a dump today. It was little unexpected, I estimated it would be at least 3-5 days for IV to decay into this level. It went from 110+ to around 78 this morning. I bought back my strangle @.6 which is better then my soft stop gain @.75. This close to exp. sometimes you get lucky with...

The best to the point answer.

out of MYGN@.7 I will be rolling into the July today or tomorrow. the long fly at 45 looked good. I might do a combo though a 45 fly and a strangle around 35-75. I have to do a little graphing first and see. oh and the ELN strangle is down to 1.6. So I am a third the way home in just 30 mins.

Found a good opportunity this week and took it, ELN IV climbed for the past week on news that will becoming out next month. So I sold a strangle 10 Jun 29,23@2.00. for less then 2 week until exp. I am looking to hold this till Friday or Monday is the latest. stop gain @.75, stop lost @2.5...

Goal is to earn at or above 8K net per month consistency, life is pretty easy at this level. I am not greedy.

still got my MYGN strangle. haven't seen any other opportunity this week. AUXL was tempting until the announcement earlier this week caught me by surprise( was earlier then I thought).

AUXL had good results today on there phase III trials but there is some concern on the safety data. The jury is still out on if the tendon rupture(3) case out of 850 patient is a problem. but 1 case is uncconfirm. So we have to wait and see. MYGN is still flat line till the announcement on the...

Wow wake up and ACOR had good news on the prelim result and the stock jumped $7 thats a 33% percent increase, which was more then I predicted. I closed it out my straddle for a loss of 2K. I haven't seen the data yet but I didnt want to take a chance but I will listen to the conf call and go...

I use theo price. no exception. last can be retail buying at ask or sale at bid. Mark is usually very close to theo price.

I manage to do nothing this week except looking over my positions, which is a good thing. Do some research on some company on my list, going over all the numbers and conference call transcript. My positions are eating up more margin then I am used to having, even though my position are...