AMPE, I covered half on Wednesday as per the trade plan. On Friday AMPE issued yet another PR (3 for the week!), I covered the last half of my position $3.79 (pre market), anticipating yet another pop on news for a another great short opportunity. However 3rd time was not a charm, and to make it worse, all of IB's shares were taken pre-market (100k disappeared disappeared in a flash), so I could not re-short when the morning pop never arrived. A little unlucky. Stock is still drifting down, tempted to get back in, but market is so hot.
These trades were opened before this blog began so I will be brief.
PLX May $5 calls, biotech run-up to catalyst (PDUFA May). Everything biotech been going crazy. Sold calls at 1.95 from 1.40. Playing it fairly safe given PDUFA date is + six weeks away, but the biotech market has had a great run.
VXX. I was long and I got burnt. Really undisciplined (no stop).Was out of the trade mid last week fortunately, all the vol EFTS have imploded over the last few days.
Open Trades Short
AFFY, AFFY (Apr $15 puts), MAPP, HUSA (April $7.5 puts), NGSX, SVVC
Open Trades Long
ALXA, RGEN, EXEL