EOD +$180

Not a lot here. Just enough to make the cash balance increase a little bit, allowing me a greater opportunity to lose more money. Or make money. Whichever way it works out is fine with me, as long as I’m entertaining my friends and enemies with my trading while still not getting fired from my job for blogging about my misadventures in trading.

The Fed helped the day for nearly anyone that was long or holding calls. The 75 basis point cut will help me find a put position tomorrow, because the Fed thought enough to cut rates and leave an opening to cut more, but aren’t likely to cut again this week.

Last Sunday’s special meeting and 25 point cut was the first one like it in 30 years. Let’s hope they find another excuse to do it again.

What’s with BSC? Anyone else read about the $2/share buyout? Apparently there are a lot of people that believe BSC is worth more than that. Of course, a lot of people are sheep and morons.

LEH shouldn’t have had the haircut they did, but with today’s uprising I’m not looking to get long on them. Perhaps there’s some place better to invest (anything left in GTY?).

I’ll probably post some potential plays tomorrow morning before the opening bell. As long as I can get to work before the market opens.

End of day positions:

End of day balance: