Puts on IDRA for today

Dec 2.50 IDRA 2.50 IDRA141122P00002500 0.62 0.00 0.40 0.80 2 4,464

Why I feel that this will drop:

Forward expectation. It just announced that it will enter a phase 1 trial. Thats like entering in the Chicago Marathon and the gun didnt go off yet. Who knows what will happen, there are 4 phases of testing and years to go IF the drug gets approved by the FDA in all 4 phases.

Plus, the chart below:

You can see that this stock was in a definite downtrend until this news hit. But the news is an overreaction. As you can see with the last gap up on Sept 25th, there might be a day or two of top chop, then I expect this stock to start dropping again. That will make this about a 3-4 day hold, so I went out with the Novembers to protect against erosion in order to hold for this time period. So we chill.

Another thing that we are holding right now is ALNY. Its going down a bit, we are going to wait on that as well, we are good holding the December 85s. Tune in later today for another interesting article.

Hey, on a personal note, anyone reading this like watching Lost in Space, that tv show from the 60's? Im 46 and I watched it in reruns in the mid to late 70's on Sunday mornings in the Chicago area. Loved that show. And now, for only $24,000, you can have your own B-9 robot. I found a company that manufactures them to original specs. Check it out: http://www.lostinspacerobot.com/video.html

I find it important to blow off steam every now and then when sitting at your desk and working. It actually improves productivity if you take 10 minutes off every hour and surf something mindless. At Google they are also aware of this and they have a lot of recreational diversions at the Googleplex. 

More later today and have a proper mix of work and play,

Mark