EOD -$304

I exited everything - both my SolarFun puts and my Baidu call.  I just want to be all cash for now.  The market just feels done for the year and I feel done for the year too.   

Sold SOLF Jan08 $30 puts QFGMF- 10 @$2.60 
    entered @ $2.90 average price
-$324 loss, -11.1% (after $24 commission)
    stock price when bought $34.40 avg 
    stock price when exited $33.86 

The sale of my SOLF puts was a loss but it felt like a win.  I’m sure everyone has had those trades before- the kind you wish you never got yourself in, but end up patting yourself on the back for minimizing the loss and doing the best you can in the situation you are in.  Trading can be a battle against your desire to see your position turn profitable.  I successfully avoided entering this battle. 

I also sold my BIDU call for about breakeven.  I just had other things to do during the day and couldn’t be babysitting it.  High betas like BIDU can’t be left alone.

Sold BIDU Jan08 $420 call BPJAD- 1 @ $14.00 
    entered 12/26 @ $13.70
+$20 profit (after $10 commission)
    stock price when bought $396.20
    stock price when exited $398.00