Jim, I wish I had kept those BBY & CC puts, what a pair of losers!! As we talked about before, these would be the first of the consumer stocks to get hit, I just need to hang on a little longer, would have tripled the gains I booked, but time value was being eaten.
Anyway, we have another Japanese insurance giant taking the pipe today, this is Japan's biggest corporate bk since WW2, like $42 billion (US) in debt.
quote.bloomberg.com
Cashed out my INTC calls, which was a real nice play since INTC was up $9 from when I entered them. They did about 800%, INQJG, 35 calls.
Instead of playing the indexes right now, I think more can be made by zeroing in on individual stocks.
Check GWDJV, GLW 103 calls, had a range of 25 cents to 3.50 today, crazy, but this is where the real money is>http://quote.cboe.com/SimpleQuote.asp?ticker=GWD+JV-E
The mid-east is not looking healthy again, if events this weekend escalate, it could be very bad for the markets next week. I got some SPX puts, @ 1406, just in case, as cheap insurance. |
