EOD no trades, just pain

I feel sick. It’s the sort of sickness you get in the pit of your stomach that lets you know that something is really wrong or bad, but not enough yet to make you throw up. It could be a feeling that goes away, or one that destroys my chances of having a successful Retard Trader website anymore. I have all but $527 in a two different nearly worthless stocks and three different options. Could the end of Retard Trader be near?

Yesterday I was celebrating in my mind for having tied up two different company put options, C and GS. Both stocks finished yesterday in the red, putting my options in the profit. Today they finished higher than my entry for them yesterday. Now my mind is not dancing a celebration but whining like the ugly girl that wasn’t asked to prom.

C was at $20.97 yesterday when I bought the Apr08 options for $2.40. The stock ended at $22.50 today with the Apr08 options closing at $1.65 (on the ask). Though max pain for the stock was $25.00 today, it definitely hurt a lot of the option traders though, as $22.50 pegged one of the options expiring another 170,872 options worthless from just $22.50 open interest.

GS decided to have a great comeback from yesterday, where I bought it at $177.01, it closed today at $179.63 which brought the value of those options down from yesterday’s close only over 50%. Not really a good day for holding these options. Thankfully next week will be a destructive week for GS and these puts will go to over $20 each in value.

As for the rest of the market, screw it. I don’t have to worry about it. There’s no babysitting needed, only some refractory period reflection time for the bears and the bulls. I’ll be sitting on the side with the other pigs.

End of day positions:

End of day balance: