MA performed a lot better than I expected it to today.  Not so lucky with JCP.  It closed at $44.01 and the calls closed at around what I bought them for.  I exited my MA call and I’m holding all 10 of my JCP calls overnite.

Yesterday I kept waiting for Mastercard (MA) to go to $194 so I could buy, but it didn’t - it hung around $200 and closed around $201.  Today it started it’s turnaround - it’s a little early, I would have liked stochastics to go down a little more before going for a bottom.  But a turn is a turn and should help it bottom here.

I exited my calls for large losses.  All there’s left to do is learn from it:  lots were too large, I slipped and did not look at the charts before I bought, MA and VMW both gapped up huge yesterday and I did not wait for them to at least pullback, I was just not as picky with my entries as I should have been. 

It’s looking like a good put (or shorting) opportunity today.  I’m watching some of my favorites and like where I might get a chance to enter.

FSLR is up pre-hours.  This will be a great short or put buying chance.  I’ll probably look at buying a ITM (in the money) put on FSLR if it’s up when the market starts.

End of Day $0 of realized profit/losses but I am sitting on a lot of paper losses and my account value is down big for the day.  But like I said when I entered these VMW, MA, and TASR calls, they weren’t entered for a daytrade.  They are January call options. 

I am now loaded with January options.  My retarded portfolio is now almost 100% options.  I purchased $8550 in call options for MA, VMW, and TASR (MasterCard, VMWare, and Taser).  The market opened up huge and I bought soon after the market opened.  The market dropped a little after I bought the options and is now at 2697.16 (+44.81) as I write this.  Am I retarded?  Regrets?  A little… my boat could have cost less.  But I’m not planning these as daytrades so I’m not panicking.   

The market dropped yesterday.  Fed cut 25 points, apparently the traders thought that it wasn’t enough.  Traders are a wild bunch, so watching the action was almost as much fun as watching my AAPL position gain $625 profit.  I didn’t close my position, yet, though.

My limit order didn’t fill so I missed out on getting BIDU puts.  So no trades for me today.  I’ll just have to wait for a new opportunity to come along.