Small Time Trading

[benchman]

Account value down $940 today. Which means I lost almost all the value I gained yesterday. The day started out pretty spectacularly for me with the sell of CLNT in pre-market at 7:05am ET, and got better around 10am or so when MNKD fell to $4.85. Unfortunately, that is when I pulled a Joe Girardi in the second game of the ALDS, and blew my lead. I could have sold my puts for around a $1,400 gain then and there, but thought MNKD would dip more. It did not, it rallied. Add ESV tanking, and that led to today’s decent loss in value, despite a nice trade in pre-market.

CLNT ended up closing at $5.24, I sold my shares at $6.21, which was a gain of $1.24 over yesterday’s closing price. To wake up and see a bid of $6 was pretty incredible.

ADOM closed up .23 to $6.93.

For the most part that ends the good stuff for the day. SLDC was up .0005 to .02 on light volume.

MAAFF was unchanged with no volume.

ESV tanked .27 to $5.32. Oil was down 1.3%, but ESV got hit harder than the others. Looking at the chart, we may see $5 before there is a rebound.

My MNKD Puts closed at .30, down .10. They got as high as .62. MNKD closed unchanged at $5.47. HOD was $5.87.

JILL closed down $5.07 to $4.86. I bought at $5.02. Obviously too early on that buy. I had an order in to buy more at $4.76, but the LOD was $4.82. I will see about adding in AH. I think the over 50% haircut is too much for the news that came out.