Lessons from my bad trade in INCY call options in my Volatility Portfolio

Lessons from my bad trade in INCY call options in my Volatility Portfolio

Wow. That sure didn’t work the way I intended. Back on May 23 I added the July 21 $140 calls on Incyte (INCY) to my Volatility Portfolio. Those calls traded at $7.10 that day. As I wrote in my post that day, to make money on these options, I’d need to get a move of $4 or so to move the share price above $140 and to move the options into the money. My logic at the time was pretty simple.

Risk is like an onion

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Tech slide continues casting doubt on “buy on the dip” strength

Tech slide continues casting doubt on “buy on the dip” strength

Anyone who bought technology stocks on the dip last Friday and Monday is feeling unhappy today. And that spells a worried market. Especially since key stocks in the sector such as Apple (AAPL) and Amazon (AMZN) are showing signs of breaking through important support. The NASDAQ Composite Index is off 0.93% today as of 12:30 p.m. New York time.