End of day $0

I didn’t make any moves today, but I am happy that what I thought was a bunch of bad positions wound up not being as bad as I originally thought. You can see my original post this morning pretty much predicting a bad day. Well, after a terrible commute to work… I arrived to work seeing that intead of RIMM being up a couple dollars it was down. BIDU wasn’t behaving as I would like, but it wasn’t kicking on the $400 door either. The end result for me is that my positions are all still intact and after a weak week of trading competition against Lindsey I’m happy to say the race isn’t over.

Lindsey seems to have caught some sort of flu. Though I wouldn’t wish her ill, I don’t mind that she didn’t make another 10% today. I don’t think

So as I sit here writing I see the following positions in my portfolio:
1 BIDU Dec07 $370 put (BPJXN) - entered @ $25.40 = unrealized loss $292
2 IWM Jan08 $75 puts (IOWMW) - entered @ $4.12 = unrealized loss $292
2 SHLD Mar08 $150 calls (KTQCU) - entered @ $1.15 = unrealized loss $4
1 RIMM Jan08 $120 put (RULMD) - entered @ $10.85 = unrealized profit $463

Though it doesn’t look good.. if you saw my positions yesterday you would think that I did well. Ha ha.. sigh

So I’m ending the week down about 7% which is a big change from my high, but nothing I’m too worried about.

Have a great weekend. I’ll be trading more Forex this weekend in order to satisfy my gambling habit, so if you have any ideas, please let me know.

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Posted By: Michael

News Category: -Michael, BIDU, IWM, Options, RIMM, SHLD

 

 

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