End of the quarter shenanigans propped up the market today and defeated my call of going lower. Perhaps this means that we will rally a bit into what is sure to be grim economic news later this week.
DP Buys:
- Puts in [[FFIV]], [[GSIC]], [[HOKU]], [[ILMN]], as highlighted yesterday.
- ILMN went up, along with the market, but the other 3 are showing appropriate weakness.
DP Sells:
- Due to my bearish stance, sold several calls in the morning:
- [[CMED]], [[KCI]], and the call leg of [[CPHD]] straddle.
- CMED recovered later in the day, but I’m happy with the profits.
- Failed once again with KCI (0-for-2 during the week). Time to put it aside for a bit.
- As the market turned, stops on bearish postions got hit, too:
- [[CMG]] puts stopped out for a minor gain.
- [[FLIR]] puts stopped out for a loss. Booked a small loss on the overall straddle as well.
This concludes my trading for March. I have not yet compiled all the statistics, but I finished the month up over 30%. Let’s chalk that up to the iBC effect, since both January & February brought only single digit returns…
“iBankCoin been bery bery good to me”
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congrats brah, hopefully / maybe you’ll be back
Last chance to send your fucking paypal address, else I will give your money away to homeless people.
He should’ve had it from when I started, but I sent it again.
The homeless will have to go hungry.
Don’t worry, they can convert their foodstamps for booze cash at $7 to the sawbuck.