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 712%. This one trade is making up for my ALKS and XLNX option loser trades by a large margin. Actually my XLNX calls are down 91% so if they expire worthless they expire worthless, I only have upside from here.

MSFT common stock positions had a gain of 15%. I sold that too before it sold off, so that was smart — so far. I still kept one account with MSFT to hold long term.

I cashed my index longs around the morning pricing (I added to those index longs yesterday). The gain on that trade was roughly 2.28%. If I waited till 4pm, then I would’ve captured 3%. Ce La Vie.

1 sucky thing was that I gave up CYTR recently because I didn’t see the movement happening in the stock. It turns out I was early and not patient enough (we’re talking days here). I got out on Oct 12th at 3.57, the stock now is at 4.64. 30% higher in 10 trading days.

Tags: , , , , , ,




Thanks for reading

Want to know when I post again? Subscribe to the StockRake feed: .