One lesson that 2014 has taught me is that option strategies with a small account are difficult and even more so when overall Implied Volatility is near nill.

So while the market sorts itself out I have been focusing on small/mid cap short term movers. Last week was a very good week. AVEO, PBMD and NBS worked out very well. I took some losses on ISR and GIGA and scratched a couple of others but kept the losses small enough that the winners far outweighed the losses.

I don't have an account big enough to PDT so I have to be pretty selective and pay special attention to aftermarket plays where I might have a chance to hold over night.