Closed those 8 QCOM calls at $1.35 for a loss of ($1,029.90). That lowers my gain to $9,153.90. I bought 10 MYGN Feb. 75 calls at $2.60. Looking for MYGN to rally tomorrow....I might be gambling a bit here as my risk is a bit high, but I'll take my chances. Any confirmation that this trade will fly? Ben
Ben, here is my input (always fun when there's nothing you can do now) Bad News: The president and the general counsel (insiders) just sold off good chunks of shares last week in the 74-75 price range. Frequently this indicates a pending earnings miss or, at best, lukewarm earnings. Not always, but about 80% of the time. Bad News: The price pulled back quite a bit today from highs, but it did reach a 7-year high on Friday, so it will take a pretty hot earnings report to push it higher. Good News: This one has a huge short interest, so any gap up should get pushed higher by shorts covering.
Ben, looks like the good news takes the day Now don't get too greedy and give up your profits; I've seen gaps fill pretty quick in the morning!
Looks like the good news is taking it on today for MYGN. I did close my calls at $7.40. With that buy price at $2.60, you got it, I made a killing. My gain on this trade is $4,785.00. I still have PCLN calls for now, but my closed trades are showing gains of $13,938.90. Hopefully, no one was on the wrong side of MYGN lol... Ben
For today, I've decided on DLB calls first. I bought 5 DLB Feb 25 calls at $2.15 for ($1,089.95). I also bought 5 CNQR Feb. 25 calls at $1.95 for a cost of ($989.95). I'm using about $2,000 so it shouldn't be much of a loss as my gains over $13,000 should cover that. I can't believe those PCLN calls have come back from the ground. I thought those were losers for good, but they are trying to give me back my money. Ben
Well, a bittersweet day for me. I was able to get out of DLB at $5.20 but closed CNQR at $0.30. My gain on DLB was $1,495.10 and the loss on CNQR was ($854.90). Those PCLN calls are making money now lol. Overall, My total close gains are now at $14,579.10. My advice is when you first fail, try again. Ben
Ben, it's such a joy to see you grow your account so quickly! Keep your risk management firm and you will do fine.
Thanks, not sure if I posted this, but I bought 10 ENER Feb. 25 calls at $2.20 yesterday for ($2,215). This might be a bit higher on the risk side, but I think I have enough gains to risk this amount. Ben
Alright, I'm back to all cash after this morning. Looking good. I closed 10 ENER at 1.75 for a loss of ($480). I also closed those 8 PCLN calls I bought at $2.45. I closed them for $5.15 and my gains are $2,310.10. My account is now at $28,409.20. My gains are $16,409.20. That's right, I'm feeling good this year. I'm still a newbie, but I think I'm learning a few things. Ben