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  1. M

    Young motivated options trader seeking words of wisdom

    Right now I have about 20 names on my long term and about 10 on my short term list. I have a little journal in the journal section about my Biotech trades. I am in between contract work and debating if I should trade full time or look for other contract work in my field. At this point I am just...
  2. M

    magic journal of doom

    I am looking at BMRN and AUXL right now. There is short term potential in these two they are releasing top line data on there phase III in the upcoming month(s). I would use a non-directional strat here.
  3. M

    Options Time & Sales Data

    www.livevol.com thank me later
  4. M

    Young motivated options trader seeking words of wisdom

    Ask yourself if you are happy with the money you make or not? If so why change? if not then go prop for more capital usage. I also trade biotech options exclusively. Be interesting to hear what you have been doing the past several years in this sector.
  5. M

    magic journal of doom

    I'll probably won't do anything with my ACOR and MYGN options position this week but I'll keep an eye on them just incase something crazy happen. The underlying is acting "normal" and are in the price range I projected, although ACOR is almost touching the projected high for this week earlier in...
  6. M

    magic journal of doom

    got the news on GTXI today it wasn't what I was looking for. The interim data was inconclusive vol collapsed my position was worth .20 and I close it out. So I am down -$275 for GTXI year to date. this stock will go into my long-term watchlist. I'll be watching ACOR and MYGN like a hawk since...
  7. M

    magic journal of doom

    bought to close the 17.5 put on ACOR, bought to close on the 1 contract of 25 call(I hate partial filled).
  8. M

    magic journal of doom

    Yesterday was the one month anniversary for this account. So I had some free time and plotted my equity curve. The 10% line is just a reference and not a goal or a barrier for better success. I am looking forward to see how this graph look in 6 months or longer.
  9. M

    magic journal of doom

    just got 1 leg of the straddle filled today,the 20 jun calls on ACOR. I'll trying to get the 20 jun puts to fill tomorrow. No luck on the 25 jun call being filled today at a decent price with everything going down including ACOR. I am looking forward for a easier filling day tomorrow. went to...
  10. M

    magic journal of doom

    trying to get a short straddle of ACOR to fill on the 20 strike and get the rest of my fill on the strangle yesterday.
  11. M

    magic journal of doom

    got the the short strangle filled on 10 60/40 MYGN@3.75. got filled on one leg of my short strangle of ACOR. the 17.5 puts@2.3 and a partial filled of the other leg, 1 25 calls@1.25. I'll wait for the other 9 to get filled at or better price tomorrow. ready for hump day!!!
  12. M

    magic journal of doom

    The market is taking a dump right now but the section of the biotech I am looking right now is 95% green. This is exactly why I like biotech it is mostly independent of the overall economic views. I have an order for a strangle 60/40 on MGYN and a straddle 20 on ACOR. no fill since market...
  13. M

    magic journal of doom

    finally my ACOR 15 june puts are filled @1.55. I am finally out of my ACOR strangle @3.70 with a gross of +$1900. At the end of the day, I will try to get back into a straddle of ACOR at the 20 strike. I believe the vol crush is not finish, So I am planning to get in for another week. The...
  14. M

    magic journal of doom

    wow large collapse in vol today of ACOR I am trying to buy back the strangle at 3.75 remember I sold it for 5.60 not even a week ago. This was not unexpected as I indicated in an earlier post. bought back the GTXI 15 June put for 1.55 thats a +$350. update: bought back the 22.5 calls of...
  15. M

    short strangle adjustment

    you can always adjust either side if you think it is trending toward a particular direction. You can turn them into a calendar spread to hedge. I do this myself on my short strangle when the underlying trending toward one of my strike.
  16. M

    Writing naked calls in a down market

    IMO if he's good at predicting 30 day moves even 60% of the time he wouldn't be on here asking that question.:D
  17. M

    magic journal of doom

    Almost forgot this, I want to post at least a weekly account info so I can plot my equity curve when I get enough months down and see my progress. as far as how much I want to make or where I think the account will be, I have no idea. The goal is to make as much as possible without increase in...
  18. M

    magic journal of doom

    nothing going on today just sitting around. my position have been the same for a few days now, nothing much to report. I was trying to get a filled on the GTXI 22.5 Jun calls but nothing came of it. going to be a hot weekend!!!!
  19. M

    Writing naked calls in a down market

    write calls when the underlying is up, write put when the underlying is down. if you can figure when to do it in the short term, you will make money. the key is "when" this can be Quant or fundamentals.
  20. M

    What's your longest worst beat?

    playing no-limit at commerce I had kings full off aces....the dude rivered me with aces full of queens. I flopped it, he rivered it. All-in at the flop he covered my 7K.
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