<p>Well…we do have knee jerk reactions sometimes…</p>
<p>I bought 2 of the 760 goog puts that expire this week and sold 1 740 put that expires next week.</p>
<p>I sold 2/22 QCOM 65 puts for .21 earlier today. I want to own more qcom at 65 unless of course it goes below that. I may start looking at the homebuilders. For example, tol 3/16 32 -35 call spread costs 1.65 and the stock closed at 33.56. It dropped 9% today and the forecast going forward was good. I expect a bounce tomorrow in this assuming the market bounces a bit.</p>
<p>I guess you do want to own more qcom. It is almost 65 now.</p>
<p>I doubt it goes to 65 by Friday</p>
<p>You may be right but I like a bigger cushion. You know the stock better than I do.</p>
<ol>
<li> I didn’t need much of a cushion because I would like to own more. Again not at 65 if it goes to 60.</li>
<li> It has support at 65.</li>
<li> It is for the time being a hedge fund favorite.</li>
<li> It’s a strong fundamental story</li>
</ol>
<p>Sounds good. I shouldn’t even say anything.</p>
<p>It is so nice to wake up and see that a stock you are long is down 40 percent on the opening. Kind of why I don’t put too much money in any one issue. This was definitely not a big position; although, it is smaller now. :)</p>
<p>Yeah - I’ve gotten hit hard in all my holdings yesterday and today.</p>
<p>Yeah…this is not a good day for me…</p>
<p>I did buy the aapl 435-430 put spread 4 by 8 for a credit earlier…</p>
<p>I just sold it today for a credit…</p>
<p>So I got paid on both sides. </p>
<p>Ok…it wasn’t much money… Probably made 80 bucks… :)</p>
<p>Lose thousands…make 80 bucks…</p>
<p>I got crushed yesterday and this morning in vlo and was close to unloading it. Fortunately its starting to come back.</p>
<p>Nice recovery in vlo…</p>
<p>Vlo has done really well over the last 12 months…</p>
<p>I don’t like the way I am thinking. I am going to do something else before I do something stupid.</p>
<p>I do the same thing. I try not to trade before 10 but sometimes I can’t help myself. I also told myself that when I saw what was going on in the market in the morning I wasn’t going to look at it at all until lunch. Unfortunately I have to be on my computer for work so I didn’t follow what I wanted to do.</p>
<p>Yeah…I understand…</p>
<p>Now that I have an iphone I can trade from anywhere. I guess that is the downside of owning that phone.</p>
<p>Do you remember the old Quotrek device? I used to have one of those. It was a fun toy.</p>
<p>Well I guess I missed the tol bounce back that yesterday I said I was going to trade.</p>
<p>Oh well. Missing a trade sucks.</p>
<p>I have another order in hlf. I guess the part of my brain that protects me from risk is broken. I am glad I am only short 5 ddd out of the money puts so I can relax there. </p>
<p>Interesting volume in the psec
10 puts that expire tomorrow.</p>
<p>bought 3/1 spy 150 puts, sold 148 and 147.5 puts for a credit of .64</p>
<p>You like that credit. :)</p>
<p>Well doct, survived today. Most of my risk is in hlf unless some stock I own drops
40 percent tomorrow.</p>
<p>You made out ok today? I like your spy trade. I might do something like that. Depends how I make out tomorrow and what the market does.</p>