well just waiting for for my strangle to expire and looking forward to a long 5 week month for options. is this the turning point in the market? We shall see as September is creeping up. Commodity prices is dumping pretty hard the past week or so and the dollar is up. The market is trying to stage a comeback, my long term profolio is only down 3.9 percent YTD, so i am hoping a good market rally into december. As for this account I'll post my equity curve on the 21st. This have been a roller coaster ride in this account but I manage to stay above even, even though I already paid 1.2K in commission. As it stand today, the balance is 9.5K.
sold to open 10 CSIQ 25 puts @1.75 8/18 sold to open 10 JRCC 40 calls @3.8 8/18 buy to close 10 CSIQ 25 puts @1.05 8/20
The position are the same. I haven't done much trading recently. These are the dog days of summer! I have been out more then in the house and on the computer at market hours the past couple of weeks. It'll probably this way until the fall. I am still doing my research and reading at night though. Most of the Biotech are quiet this time of year. I am waiting to see PGNX sales numbers for next quarter. SVNT is still waiting to submit their BLA. MYGN next quarter will be the first without the cost of the fail drug. MNKD have a date with the FDA in September. DNDN prelim result(this is from an FDA approval letter, need more data phase III) should be out by Oct or Nov could be big if the prelim look good, if not a another 2 years of wait for the full result. August equity curve
buy to close 10 JRCC 40 calls@3.6 labor day weekend coming this week seems like a good time to clean out my position.