I’m in it to IWM it

I’m running out of money in my account. I still have some value to the positions I’m holding, but after buying 5 puts in IWM I only have $35 in cash left in my account. Maybe less. But am I smart enough to be scared? HA HA HA… come on now, if you really think that I’m that smart you wouldn’t be here reading still.

Here’s the deal, the market is higher and won’t come down, so I’ll buy puts for when it does. I’m hoping that my entry isn’t too far away from the dropping point, because that would suck and be just like my C Chitty positions.

Buy:
IWM May08 $64 put (DIWQL), 5 @ $0.59
stock price entered $70.54

While I have your attention, I thought I would throw an early option chain for Chitty at you. It’s looking like a lot of options are betting on Apr08 $22.50 puts to be of value.. here’s hoping!

For those of you curious about my positions right now, I’m reclining in a work chair that is meant for a 300 pound man, which I am slowly evolving into. As for the positions I’m holding in my trading account…

I’m going to have a question for you in my end of day post, the first person to answer correctly will receive some sort of prize. Though I’m not sure what prize I can give, it might just be the right to name the next Retard Attack.