C will pay my mortgage

I might have been a little hasty in mydecision to buy C puts. Might. Actually, looking at it go up nearly 4% right now, I might have been way wrong. I’m not giving up though, I’m just too stupid for that. Cover a loss? Who me?? If I couldn’t do that, I would have a lot more money. One day I’ll post about all the money I left on the table, it will make me ill, but it should be shown.

I really don’t know if C will go negative today. I don’t know anything about the market, but my predictions are sometimes decent and accurate enough for me to still be trading to this point (it’s been a little while since I’ve started trading here and haven’t lost all my money yet).

So I bought C a little premature, but I still think it’s going to be a profitable put position. I bought with a month of time buffer, but I probably should have bought with a longer time period (one month goes by fast when you are holding options with expiration occurring).

Buy:
C Apr08 $22.50 put (CPA), 10 @ $2.40
stock price entered $20.97