EOD +$108

I sold my JCP put. Nothing spectacular, I just figure that I could use the money for something more exciting, like betting that BSC goes up next week on buyout rumors. Buy rumors, sell news, hold yourself. Or something like that.

It was brought to my attention by Mr. R that this site doesn’t yet generate the quantity of traffic that is wanted, so I am going to start getting a little more wide-swinging with the attacks. Current the attacks were on Virtual Office members (past and present). It’s time for a friendly look into a non VO member.. expect something very soon.

The BSC thing this morning was awesome. I’m a little upset that I didn’t act yesterday on the put that I mentioned here (the Mar08 $25 which was at $.25 x $.35 and today was around $4.00 x $4.40 for a long period of time. That’s amazing. That sort of investment/gamble is what I’m looking for, so I’ve decided that soon I will implement a new trading scheme.

Sold:
JCP Apr08 $42.50 put (JCPPR), 1 @ $5.30
Entered 3/11 @ $4.20, exited 3/14 @ $5.30
26% profit for +$108
stock price entered $40.25
stock price exited $38.40

That’s about it for me today.. it was a good day (I got to work late and will make up for it by leaving early).

End of day positions:

End of day balance: