I had the opportunity to sell the IWM position earlier today for a profit of $90 which was a welcome change of pace, since I haven’t sold any option contracts before today for the month. There’s been a lot going on in the life of this Retard and soon I might have a way of sharing it more with you. As of today, I can only let you all know that you failed to succeed but succeeded to fail.

C could have finished in the negative, but since the market was up that would be a little much to ask. I’m not going to ask for that much at this time, there’s still another week left before I become demanding and insist Chitty goes down in price. I’m not sure if it will take that long, but it if does I have my spam machine ready to email all the Jews at Smith Barney and Goldman Sachs and other investment firms a bunch of false stories.

Chitty Group is going to sell some debt for less than full value, with the details not yet leaked. Speaking of leaked, what did some people hear about Chitty stealing from LEH in the closing of the market today? LEH stock dropped like Chitty should have. Oh ya, and check out what Yahoo is considering Citi being up today, even though it closed the day down $.18 (I’ll take any down day I can get from Chitty).

I have a really, really big headache. Some friends and co-workers were taking some guesses on why I have a headache and there’s some joking about the final outcome with a few people assuming death. I’ve taken lots of meds and I still have the frickin’ headache. I’m thinking about starting a new blog about what tans my hide, but not sure what domain name I should use… oh ya, this is my stock market blog. Right.. Umm.. I haven’t sold C yet.

I am able to convince myself of nearly anything, either because I’m very intelligent and can convince myself with compelling arguements or because I’m mentally feable and will believe anything. Though I won’t be discussing which case is true right now, I will let you know that I’m starting to have doubt in my positions in C (Citigroup). The doubts are actually growing quicker than I can subside and I feel as though even on Friday, I will be wrong.

It has only been a week, but seems like so much longer. I’ve gotten to watch my positions drop in value due to intrinsic and time, which are the only two components of an option. Not bad.. I’m two for two (well, in a bad way). But I look past this week and into the future, which I would classify as next week. Watch for the C drop early in the week, which is when I will act.

I held on to my 50 Citigroup puts today even though there was an opportunity for me to break even and cover the commission (per put : $1 buy, $1 sell), but I didn’t take that opportunity. I still feel as though C will drop and when it does, I don’t want to be holding onto cash, even if it is worth a little more today than it was yesterday (the USD is going upward which means something). How long can I hold onto C? Well…

No trades for me today. Of course, I had to wait for a good chance to gain profits on C and that didn’t happen today. I was happy to see the market finish in the red, which is something that gives me more hope towards the future with my C puts. Do people usually gamble such a large amount on one position like I did? Probably not. Are people retarded like me? Definitely not.

I watched a lot of up market action today and realized that things weren’t going to drop until maybe tomorrow, so I waited patiently until near the day’s end just to hold the cash in my account until it was time to let it go. Since my C puts were down over $1k and I don’t take a loss well, I decided to hold onto them another day and see what happens…

I did a little watching of the market today, but didn’t take any chances or gambles. Guess I wasn’t much interested, as it seemed a lot of the volume wasn’t being traded. I did enjoy watching C go from a winner to a loser, but I stood and just watched it instead of making any rash actions.