Surviving a loss, another loss, and more losing

I’ve lost family due to death.. I’ve lost friends due to poor knot tying skills.. and I’ve lost money to the stock market. Today’s update is that all family is alive (damn inheritance will be farther away now), surviving friend is still locked in basement, but the stock market is kicking my ass, still, again.

GRMN isn’t doing the best for me, as it’s up a little today but since it hasn’t reversed from the earlier pounding it took this week, I’m still alright in this position. I entered the GRMN Mar08 $70 put when the stock was at $62.90, it cost me $8.60 for the position. The stock is about $.60 higher than the my entrance and the option is $.70 lower. Nice… that’s not quite right, but since the option is in the money and there is a slight premium, it’s not too amazing. Current loss is $72.

RIMM turned around, like I actually expected it to. Though it’s true the market is down today, RIMM was destined to drop from where it was just because nothing spectacular came out of earnings besides a statement about subscriptions. Nobody mentioned in the earnings call that not all subscriptions make them money (the U.S. government doesn’t pay $60/mo for a service plan like you do). I entered the RIMM Mar08 $93.375 put at $1.63 when the stock was at $107.00, while the stock has since dropped and is around $104, the option is approximately $2.00. Current profit is $35.

JCP. Good god damn, if this stock would just drop 10% I would smile and whistle and make a YouTube video of me selling for a profit. Anyone have control to make JCP drop like that?? OK, maybe 20%, since I’m camera shy (there’s a picture of me in my Spiderman outfit at the bottom of this article). JCP is down a baby bit today, just around 1%, which isn’t helping me at all. My entry on the stock was at $46 and $48 for the Mar08 $45 puts and Mar08 $50 puts (respectively). The stock is below my Mar08 put entry price, but the time degradation has hurt my put value. The Mar08 $45 is at about half value of my entry ($2.40), meaning I’m sitting on a $468 paper loss for that put. The Mar08 $50 puts are about 27% lower than I bought them, giving me a current paper loss of $264. Wow.. this is despressing, maybe I should get a Zanax from one of the fellow traders. Current loss is about $730. Ouch.

Well, since I have this massive depression going on and anger too, I might as well lash out at someone.. who will it be.. hmm..