EOD +$118

I watched the market a lot today, but did very little.  I think it was because it opened up and I didn’t expect it to go down today.  I was right - it stayed up and Nasdaq closed at 2691.99 + 51.13.  Just two options daytrades for me today.

FSLR Dec07 $250 calls  - Bought 2 @ $9.20, sold @ $9.50
   +$49 profit (after $11 commission)
FSLR Dec07 $270 puts - Bought 2 @ $8.10, sold @ $8.50
   +$69 profit (after $11 commission) 

Missed out on the big First Solar FSLR move but that’s okay.  One thing I’ve learned about trading the markets is it’s always okay for things to go up without you.  I just think- it will go up without me but it will also go down without me; I’m just here to take what I can from it.  FSLR closed at $266.40 +20.80.  I thought about buying 15 shares so I could sell the gap up on Monday, but decided I just don’t want another overnite position.  FSLR looks like it’s heading for $280 in the near term - a breakout from an ascending triangle.  I checked out the Jan08 calls, but there’s just too much premium built in them for me. 

Solarfun Power Holdings SOLF is something I’m going to start looking at.  It’s up alot today too.  Maybe 2008 is the year for Solar stocks?

Not much else to say- market seems to be turning very bullish.  Interesting amid the “housing crisis”, but I’m not going to analyze it on a Friday.  Time for me to go shopping.

Overnite Holdings:
Still holding 1 BIDU Jan08 $350 put.