First Post, First Trade - GRMN and SHLD

$5000 in my account.  $5000 in Michael’s account.  And with today’s opening bell, our competition started.  Our race to $25,000 and beyond.  I could have started trading pre-market but I knew better than to do that.  Because of daytrader pattern account rules and our accounts being below $25,000, we have limits on how much we can trade in a day.  I knew Michael wasn’t going to waste his buying power on stocks and I wasn’t going to either.  Options - that’s where leverage is at.  The Nasdaq was positive but I didn’t see what it had to be positive about so I bought some puts for Garmin (GRMN) and Sears Holdings (SHLD), some for a daytrade and some that ended up being for overnight.  I wanted to lock in my profits and sell before the close but I did not call the trade in in time so I am holding the SHLD puts overnight

Bought and Sold:
GRMN Dec07 $90 puts (GQRXA) - 10 puts
Entered @ $2.55,  exited @ $2.70 
5% profit, $130.00 (after $20.00 commission)
stock price when entered:  $99.95
stock price when exited:  $99.15

Bought (Holding Overnite):
SHLD Dec07 $110 puts (KTQXB) - 3 puts
Entered at $7.10
Bid Price at Market Close:  $7.90
stock price when entered: $109.28
stock price at market close:  $107.77 

Total Account Value:  $5367