New Year’s Eve.  It was an account-goes-nowhere day for me.  A couple of daytrades left me down $11 for the day.  It’s fine for me if I take small steps backwards then take big steps forward.  This hasn’t happened since the Retard Race started 6 weeks ago but things can happen fast when trading options. 

There’s a daily listing of highs and lows for NYSE, NASDAQ, AMEX, and nearly everything.  I decided to clean up and put the NASDAQ highs and lows on a post.

First off, HAPPY NEW YEAR!  There, now that that’s out of the way… Ya, this profit is a sad thing to have to post.  Making $80 in profit is better than anything in losses, but still nothing that would make for a good bar story.  So what does someone in my current paper loss situation do when looking at AAPL?

I sold my puts in WFC.  Though there was a relatively low profit percentage made, a profit is a profit is not a loss.

When you see something like a large quantity of options in either open interest or you see a large quantity of volume, it has a way of getting attention.  In this case, it has happened with MER, and this is a call volume that got my attention.

Ya, chances are nobody is checking this site for the holiday schedule for the US markets, but that doesn’t stop me from posting it.  So if you read this site for news, here you go!

Here are a few of my predictions for 2008 for some stocks.  Please don’t listen or take my opinion for anything more than semi-interesting thoughts, though next year I’ll go over my predictions and let you know how I did, rubbing them all in your face (please don’t cache this page, as I will make changes throughout the year to be more right).

The CFO of BIDU died, proving Christmas isn’t always a happy time of year for everyone.  Today is the last day of the year.  I would look up what history shows the market’s direction for the last day of the year, but I would rather just watch and enjoy.

There are three outcomes for making a stock trade, or in this case an options trade: make money, lose money, break even.  If it’s true that my options are going to make money (again, this time I’ll sell for a profit) than I’ll be right. 

No trades for me today.  I was right about the day’s ending (my stocks were down, the market was up much, much less than 1%).  Nice to be right in a daily prediction, but sucks to be wrong on a trading prediction.