Winning

Winning

Wednesday, October 15, 2014

Today we exit ALNY for profit

85.00ALNY141220P000850009.410.009.9013.401015

The 9.41 price is an old price from yesterdays mid point of the spread. the option price spread is now between 9.80 and 13.40 due to the sudden several dollar price drop in this stock, so we are out at 11.25.

We got in this put when the stock was at 88 dollars, and over the last several days, the stock has dropped to below 83 dollars: 

We now take our money on that and the stock does what I thought it would do: drop. It dropped because of two reasons...first of all the stock was up on nothing but hype and second the market is having a correction and I knew that was going to be a factor.  We keep our puts on IDRA, the stock is on the way down, we hold for now.

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