I was done trading by 11am, but being long was a good place to be today.
I cashed the MSFT options near the open. The fact that I waited about 10minutes meant a loss of a couple grand because MSFT quickly dropped from the 36 level. I already mentioned it, but it was a gain of [...]

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Took a 53% loss on the ALKS calls. Sell signals occurred and I’m not going to hang around for delta to drop to 0.

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Happy October. What worked today was obviously being long. I was long the index funds, but didn’t have a full position on with those. It was still a huge day because the RUT put in a 4.8% day and the NDX did nearly 2.5%.
The SMH calls were a great overnight trade of 28%. I will [...]

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I’ve been wanting to get into GIGM for awhile now. It was on my September list of buys.
I also bought some ID and some ALKS November 20 call options for .75. I got into ALKS because I think the chart pattern on the daily, weekly, and monthly charts look good. Notice the pattern on this [...]

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Sold the SMH calls I bought Friday. I took a 28% gain on the trade. I know there is more room on the upside and I’m having seller’s regret as we speak.
A couple stocks I’m scouting today are:
ALKS, MDT (again), ID, MCZ, GBN, and maybe MALL.

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