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ZR1 2009, Z06 fun now. I'll keep my 77 sting ray, nothing beat the purr...

I prefer the z06

defense been sucking wind for the last 3 weeks or so. I'll wait a little longer..

Some play in this month that I will take on my other accounts, FDA events on VNDA and THRX. LEH is ready to go to 15 or lower. rumors are out there. where there is smoke there is fire. Also JRCC close at 58.69 almost a 4 point gain and 1 point off from the intraday high. looks like...

Of course I can't speak for everyone but to me TA and funda on the underlying is essential. remember the trend is your friend!

If you believe in your first statement, then I hope you have a big account. IV is more than increase and decrease in the price of the underlying. That is only 1 component, please do a little research before you make a generality. You will not find any option trader who only looks at the TA of...

News today that JRCC bought an extra reserve of Coal for 40 Mil. This will increase the production capacity of 550K tons of coal per year and are unpriced. the stock initially jumped 4 points but is down to 2 point at mid day. The market is up today and the coal sector is up as a whole so far. I...

I dont expect the price to go any lower from here. In fact it will creep up from this low. The expense of Fluziran is off their books which was around 60Mil last year. their pipeline looks healthy and they have positive cash flow. This is really dead money now until the other drugs are ready...

front month DITM = no front month ATM = maybe, depend on trend, events. front month OTM = say bye bye back month(s) DITM= no back month(s) ATM = no, you can trade out of it and get some premium back back month(s) OTM = same as ATM

Been a little busy the last couple of days going looking at a few houses in Huntington beach. My JRCC position is holding up well considering it was at 62 beginning of the week and 55 as I am writing this. Although I am in the red right now, I don't see a reason why I have to micro manage this...

Its not just bad for stock, its horrible. I use TOS for option only.

here is one I use once in awhile. go to the forum. http://www.biotechwatch.com/ but if you really want to research back on any particular company just go to their SEC filing or conference call transcript to find out exactly when they announce data, timeline to FDA submit and approval. There...

as an experienced Biotech sector trader, I don't recommend you play with "FDA event" if you are risk adverse or your account is small. Also MYGN is not having a "FDA event", they are just going to announce their topline result for phase III. goodluck

http://www.portfolio.com/images/site/editorial/magazine/2008/04/zimbabwe-zim-currency-slide.jpg :D

finally sold 15 80,50 Strangle @3 earlier today. JRCC is down about 9% today but my hedged position is holding up very nicely even though I am 2K in the red at this time. My margin have only moved about $300. Which mean I am in a very good position margin wise, if the stock doesn't go behold the...

I traded option on both MYGN and ELN the past month. ELN news is already out. MYGN news is going to be out anytime now and if its good this is a blockbuster drug if approved we are talking about billions. The upside is huge, even if the data is inconclusive the stock won't move down much because...

I offered my little brother(16yo) a trading account for him to learn how to trade for the summer and keep any money he made from it. Though the account is not big(2K) but its enough for him to learn about trading without the risk to his money. I hope he takes my offer and do something usefull...

I could not get my strangle at a reasonable price since the stock keep moving up(which is good), I had to keep readjusting my order but did not get a fill. I have it on queued for tomorrow. After another hour or so of modelling my risk and deciding what to do with my hedging. I decided my...

Since I have a lot of time on my hands I wanted to plot my equity curve. nothing great just to the point.

Early action today but JRCC is already up 2 points and I am not getting a good price for the strangle at all, so I cancelled the order and will wait until an hour before the end of day and see how thing shake out. I still want to hedge the down side risk but not at an unfavorable price. IV...