MasterCard Inc (MA) 12-21-07 Trade

MA has been very volatile lately. It makes for some nice potential gains. I bought the same DEC call today as I did yesterday. I bought around 10:30 and sold a few minutes later for a 100% gain.

MasterCard Inc (MA) 12-20-07 Trade

I bought some 210 DEC calls on the dip around 10:30. I sold them a few minutes later. I then bought them back at the end of the day nad sold them a few minutes later for a total of a 32% profit.

Apple Inc. (AAPL) 12-07-07 Trade

AAPL is near its all time high. I felt a pull back, so this morning I bought some DEC 190 PUTS. I sold them about 15 minutes later for a 7% profit. This went as I thought it would. Down on the open, then bounce by 10:30ish. It bounced around 10...and now at 3:15 it is WAY UP past it's all time high!!!

Apple Inc. (AAPL) 12-4-07 Trade

Post I missed...I bought some DEC 180 PUTS on 12-4. I thought it would take a bigger breather than it did. It didn't, it went up. I got out of this trade for a loss of 27%. What I should have done, (but wasn't thinking clearly (cause I just made over 5k on the last trade) was, buy these PUTS on the 30th and road it down for 2 days. #$!%

Apple Inc. (AAPL) 11-22-07 Trade

Forgot to post this one...I bought some DEC 180 calls on the 21st or 22nd. I doubled up when my options took a 1.00 dip. I set my target price for 100%, well today 11-29 it hit my target. So I sold half, then let the other half run. I sold the other half today too, .60 cents above when I sold the first half. I was going to let the second half run and play with the houses money, but I felt I was breaking one of many rules that I follow: DON'T BE A PIG! This trade made a nice 116% profit.

Select Sector SPDR-Financial (XLF) 11-14-07 Trade

The financials have been getting dumped on. So with Wednesdays pop in most of the financial stocks I bought some puts on the XLF etf. The XLF follows the financial stocks. I bought some March 08 33 puts. So far so good...the XLF has been down the last two days.

11-20 : I sold my PUTS this morning. The financials have been getting annihilated, this trade has been steadily going in my favor. So you ask ...why did you sell then? This is why...when something looks so good, and seems that the ride will never end. That's when you sell. Because it will turn on you, and when it does it will turn FAST. Always sell into strength! Do I think it will go down more(remember this is a PUT trade, I want the XLF go down)....yes, some.....but.....PIGS GET SLAUGHTERED!

This trade made a 61% gain.

PowerShares Exchange-Traded Fund Trust (QQQQ) 11-16-07

Tech (the whole sector) got hammered yesterday so I figured on a little bounce from the QQQQ which is an ETF. The QQQQ follows (reflects) the Nasdaq-100, which is alot of Tech stocks.

I bought some Nov 50 call options (which expire today at 4:00) after 10:30 which happen to be it bottom for the day. I sold them at around 11:30 for a quick 79% gain.

Apple Trade 11-6-7

So I bought some 190 puts on Tuesday. I felt Apple was going to pull back some. So I bought 10 190 put options...at the last 30 minutes of trading Apple went up $4 bucks, so I doubled up on my puts. My feelings didn't change I still felt it was going to sell off some.

Come Weds morning Apple pulled back a few bucks and then went sideways for a while. The market was skittish I couldn't get a fell about which way it (the market) and Apple were heading. So I ended up selling my 20 190 puts for a 6% loss. I felt like I didn't know which way it was going to go. Well later that day Apple fell over $7, then today (Thursday) Apple fell over $17. If I would have held my 20 190 puts I could have sold them today for a profit of...get ready this will knock you on your ass..( I almost killed myself...) $37 F-ing thousand DOLLARS!!!!! WTF WTF WTF! WHY?

UPDATE 11-12: Well this trade just keeps F-ing me...it's now worth $61 Friggin Grand!!!! Man, someone up there really F-ing hates me!!!


Does anyone know a good financial psychologist?

Apple Inc. (AAPL) 11-06-07 Trade

Apple opened up .87 cents then rose .94 cents more for a total of 1.81 up in the first half hour of trading. Then began to fall. This is a prime example of why I don't buy (when I am bullish) till after 10:30. I picked up some 190 calls at around 10:30 at $3.30 per option, I bought 10. This price finally bottomed at 2.95 before rallying. I sold around 12:30 for a quick 9% gain.

Citigroup Ord Shs (C) Trade 11-01-07

I bought some Citi Dec 45 calls on the hopes for a spike in price once Chuck Prince gets the axe. There are rumors circling around that he is to be ousted this Sunday. There has been talk about him being fired for over 8 months now. We'll see what happens....

UPDATE 11-06: The Prince has been dethroned!! The stock should have popped, but instead it took another dump...why you ask. Cause Citi is stupid. They come out with the news on Princes departure, but then also release news that they will have to write down much more $ than anticipated. Dummys...they shoud have held off on that news till a fews days to a week so the stock could go up on the Prince news.....IDIOTS!!!!

So with the decline I doubled up!

Apple Inc. (AAPL) 11-02-07 Trade

The jobs report came out this morning and was surprisingly strong. So one would think the market would have an up day....right. So I watched apple for an entry...(remember when buying I don't buy till after 10:30 unless I really think its going much higher than the opening price) So Apple was up nice on the open, then started pulling back as did the whole market. Why? right, we had a strong jobs report this morning. Any who....I made an entry in the 190 calls at around 11:20 for my target of 3.30, nailed the bottom (luck :) )!!!! Then the whole market made an upswing along with apple.

With that nice rally up I took my profit. I sold at 4.70 for a 42% gain in 2 hours!

Fed Meeting yesterday 10-31-07

Well, the FED came out at 2:15 yesterday and cut the rate by .25 points. They also said that they were worried about inflation and growth. This made investors nervous for a little while, and the market took a nose dive. Exactly like I said would happen....I said the FED would cut, but then say something that would spook the investors. I also said Apple would be one of the stocks that would take that dive and that I would get back in. Well apple did indeed dive. I tried to get back in as fast as possible, but the price moved SOOOOOOOO fast. By the time I hit the execute button on my order my target price was surpassed. Needless to say I was unable to get back in at a price I thought would be quickly profitable, and missed a huge rally. @$%!

At the bottom of the price dip, the 190 option price was at 3.15. That is when I put in my order. I added .55 cents to it to assure I would get in. Price moved from 3.15 to 3.75 in the time it took me to hit the execute button!!!!! My price entry target was 3.70.

Apple Inc. (AAPL) 10-29-07 Trade

With apples big news about its new operating system I went long on some 190 calls. I place a good till canceled order yesterday for 3.80. I figured that was a fair price, that if meet I would make some nice gains. Well late yesterday my order was filled at 3.80. This morning Apple opened up, then took a Little pull back then took off. The market finally found out that apple has sold over 2 million copies of its new OS since being released on Friday the 26th!!!!

I thought about holding this position open for a while, but I didn't really want to keep it open during the FED meetings (today 30th and tomorrow 31st). The FED gets investors so spooked over one little thing, and the market takes a dive. So I decided to sell my calls today around 11 ish am. What I am thinking is that the FED will indeed cut the rates, but will say something that will spook the market. Apple along with all the other big cap stocks will pull back some. That's when I will get back in! When the dust settles and everyone is happy about the rate cut, stocks will rally again......

This trade made a 32% profit!!! (in one day)

VMware Inc (VMW) 10-22-07 Trade

Here is a trade form last week I forgot to post. VMW posted earnings last Weds. I bought some 115 call options early Tuesday (mistake, I forgot my golden rule. NEVER buy till after 10:30 am unless I am bearish) Needless to say my calls dropped in price big time, so I doubled up. Now I am in for way too much money than I planned. I knew VMW would go up big, but the option pricing was not reflecting that at all!!! At on point I was down 5K on this trade. VMW opened up the next morning and shot up big (like I expected) My options on the other hand did not. They slowly rose keeping me on edge for most of Weds. I finally got out of the trade towards the end of Weds for a 6% profit.

Apple Inc. (AAPL) 10-03-07 Trade

So after that big pull back I bought some 160 calls. Apple is a very volatile stock. I knew it would bounce back and then rally. There is just too much good news for this stock to continue down after a pull back.

Well I sold my calls this morning for a 100% gain!!!! I know it will go higher from here, but not sure how much before it takes a breather. As it stands right now I left $800 on the table....but hey I live by this saying: Bears make money, Bulls make money, and Pigs get slaughtered.

Apple Inc. (AAPL) 10-1-07 Trade

Here is a trade I forgot to post. I bought some 150 puts about a week and a half ago. I was looking for a pull back that didn't come soon enough. I got impatient and sold my puts for a 15% loss. If I had held on to them and sold a few days later I would have made some nice cash, cause that pull back I was looking for came. It just came a few days later. So this brings me to my next trade....10-3 trade.

Apple Inc. (AAPL) 9-25-07 Trade

Apple has been on a tear lately. I bought a few 140 calls yesterday and quicly sold them for a 3% gain. I wish I would have held them till this morning!!! I would have had 49% gain.....oh well.

Apple Inc. (AAPL) 9-06-07 Trade

Apple has been all over the news and in my opinion it's all been good! But some investors are just plain stupid....They hear one thing and think that's the end, so they start selling off. When the big picture has not changed one bit!!!
oh well their loss!!!
so...
I bought some Sept 140 AAPL calls on Thursday 9-6. The day before AAPL investors got spooked and started selling off, so I bought as they sold. It keep falling as the day went on. My calls fell over $1, so at the end of the day I doubled up on my position. Friday was an up day my calls were in the green. Monday was an up day, Tuesday fell off a little and today (wed) it up nicely. After I doubled up I gave myself a target price to sell, well today it hit that target so I sold @ 3.40. This trade made a cool 62% gain in 4 trading days.

Apple Inc. (AAPL) 8-28-07 Trade

Yesterday I bought 10 sept 130 calls at around 2:00 for 5.60....not knowing the FED meeting minutes were being released as I hit the execute button. So about 10 minutes later I was down 1.00. So I doubled up at 4.50, cause the market in my opinion over reacted to the FED's misleading and confusing meeting minutes. They didn't say they were cutting rates and they didn't say they weren't, so people got scared and started to sell off. The market sank, along with my options.

So when I doubled up my cost basis went down .55 cents, so I am in at 5.05 per contract.

This morning (8-29) the market was up, and Apple popped over $4 bucks, my options popped as well. So I sold my 20 calls for a quick 18% gain.

Trade Update 8-21-07

It's been awhile since I have posted any trades. Over the last 2 weeks I have done way too many trades to post. To be honest I can't even remember them all. They have all been with Apple though, and all were small gains. Apple has been on a roller coaster, great for trading. Has to be watched closely cause price moves fast!

Cvs Caremark Corp - (CVS) Trade 8-7-07

Bought some CVS Nov. 37.50 calls. CVS came out and reported a nice quarter and the stock responded. Probably sell between a .50 cents and $1 gain. Got in at 2.40.

Update 9-26:

I sold my calls this morning at 2.90 for a 21% gain.

Apple Inc. (AAPL) 8-06-07 Trade

With Apple opening this morning on the up side, I bought some 130 put options. I knew it would pull back, and sure enough it did. I had to hedge my earlier apple call trade (which I am getting destroyed in right now) I sold my puts for a quick 33% profit.

Caterpillar Inc. (CAT) Investment 8-1-07

I bought some CAT stock the other day in my Roth account. This is a long term investment. CAT is at a good price right now for a new position.

Apple Inc. (AAPL) 7-30-07 Trade

This morning Apple was up over $1, then quickly fell to a midday low of a little over $4. About mid point to the low $4, I bought some Aug 150 call options. After I got in, apple continued to fall to its intraday low. At that point I was debating doubling up on my calls. I really wanted to but never pulled the trigger.

As it stands right now at 1:20 pm I am down .10 cents.

If I had pulled the trigger to double up I would be up .30 cents and might of actually have sold by now.

Well this trade got out of hand REALLY FAST. The stock kept dropping, when it was all said an done I was in it for 6 times than what I started out with. I did not intend to sextuplet (or whatever) my trade. I wen to double up and my broker account errored and said trade did not execute. SO I quickly entered a new order to double up. This one went through ok. I then went back to my positions page and to my surprise both orders went though, so now instead of doubling up I tripled up due to the system error (damn!) oh well. So now that I am in for triple, the stock took a HUGH hit. Dipped like 7 straight bucks. So now I am like I need to bring down my cost basis if I am going to make any kind of a profit off this trade. So I doubled my triple....ah WTF!

Needless to say the stock kept falling. Whats that saying "never try and catch a falling knife" well my hands got cut off!!!! This trade ended up being a 100% loss. This one HURT BAD!!!!

Wynn Resorts Ltd (WYNN) Trade 7-27-07

On Friday morning I bought some Wynn puts. Mid afternoon I was sweating it out as Wynn climbed over $3, which made my put fall over $1.50. Today Wynn fell over $3, which made my put options go up so I sold my puts for a 7% profit.

Apple Inc. (AAPL) 7-25-07 Trade

After Apple's huge open this morning, I watch momentum closely and and bought some Aug 140 put options at around 11:00 am (right around its peak)

I just sold them at around 1:10 for a 20% profit.

Apple Inc. (AAPL) 7-25-07 Trade

Bought some Aug. 150 calls yesterday and doubled my position this morning. Apple reports today AMC. They will beat expectations. Stock should go up after hours today.

!@#$ $!!%$ ....I am so pissed...late yesterday the stock started to dip a little, so to protect some gains I put in a stop loss order. I figured I'd put it low enough to stay in it, but high enough to give me a profit if the price dipped that low. Well sure enough the price hit my stop price and stopped me out (sold my options) It hit it exactly no less!!! I swear market makers hit peoples stops on purpose just to get the commission from the trade!!!

So needless to say I am very pissed, as I predicted Apple shot up to the moon after they posted earnings. RECORD EARNINGS!!! Because I got stopped out I missed this big move, one that would have netted me 3K.

So after I got stopped out, this trade made a 3% profit. Would have been 100% at the least!!!

Apple Inc. (AAPL) 7-24-07 Trade

Yesterday with Apples morning sell off (which was totally not justifiable) I bought some Aug. 150 calls. Mid afternoon it shot back up and I had a nice 27% profit. But I decided not to take it and set a stop loss at a 5% profit. Well later that day starting at 1:30 to be exact it started to sell off again. I got stopped out my stop price and made a 5% profit on this trade.

I would have usually taken the 27% gain and walked away, but with Apple reporting today after market closes, I felt I would have more upside. So around 3:00 I bought more Aug. 150 calls.

This morning it shot up with a nice 28% gain, but was short lived. I did not have time to place my sell order to capture that gain. The stock started sell off quickly again, so I double my position and watching with a close eye. I still feel that the sell off is B.S, Apple will come out and report later today and beat the streets expectations. AT&T's numbers were totally bogus. AT&T is not going to make as much money off the iPhone as everyone thinks. AT&T pays Apple $3 a month for every iPhone, plus another $8 a month for every NEW customer who came over to AT&T just for the iPhone. There has been (so far..only a month) 70,000 new customers. So right there is over 5 million dollars a year for Apple coming from AT&T.

Apple Inc. (AAPL) 7-12-07 Trade

I bought some July 130 calls this morning (7-12). I sold them Friday morning (7-13) for a quick 29% profit!

Apple Inc. (AAPL) 7-6-07 Trade

Bought some July 125 Puts this morning, Actually I bought them at the close yesterday. I sold them this morning for a quick 25% gain.

Apple Inc. (AAPL) 7-5-07 Trade

Bought and sold some July 125 Puts yesterday morning for a quick 17% gian.

Apple Inc. (AAPL) 7-2-07 Trade

Bought some July 125 calls this morning right after the open, when all the idiots were selling off the common. I sold them 10 min later for a 12.5% profit.

I will be looking at this trade for the rest of the day. If it dips back down to around 2.10 I 'll get back in.

Apple Inc. (AAPL) 6-25-07 Trade

Bought back some July 120 calls. Same trade as last. But this time I bought twice as many. Apple, (rather the whole market) is on a roller coaster ride. Great for trading as long as you are on top of your trades.

I sold my 120 calls today (6-29-07) for a 17% profit

Apple Inc. (AAPL) 6-14-7 Trade

I bought some July 120 call options on Thursday. With Apple taking a small breather, I seized the opportunity to get in. I sold my options this morning (Monday 6-18) for a 51% profit !! Not bad for a 3 day trade.

LVLT Covered Call Trade

Bought 100 shares of LVLT a fee weeks ago (forgot to post this one) I sold a Covered call, the june 5.00 for .95. So I made $95. LVLT has been going down a little. The CC is only worth .55, so I bought it back. This trade made a 7.4 % profit.

Weeks of 5-21 and 5-28 latest trades...

Here is a list of the trades I have made over the last 2 weeks.


KO- Coca Cola Call options - Sold 7-3-07 11% Gain
ELN Put options - 90% Loss
STP Call options - 100% Loss
DJ Put options
Intel (INTC) Put Options
GRMN Put Options - 100% Loss
DNDN Call Options
QQQQ Put Options --- Sold my qqqq puts today (6-6-07) for a 24.5% profit.

Trading has been kicked in to high gear...

Sorry, but lately I have made so many trades that I haven't been able to keep up with them on the blog. I have also been spending allot of time studying new techniques.

I'll make a post and list all the trade I have done lately. Some have been in my million dollar portfolio game.

Speaking of the million dollar portfolio game, the main challenge has ended and I was unfortunately not one of the top 10... :(, but hey I did make it to the top 11% out of when it was all said and done almost 2 million accounts. So I did pretty good.

So CNBC reset the game for the rest of us. It has been 1 week and I am in the top 1%, out of 140,000 ish players. NOT bad!!!


Keep in mind that all my trades that the heading is in Black text means they are still open trades/investments. So take a look through all the months cause there are still open positions that are not listed the main page. Main page only shows the last 10 posts.

LVLT Covered Call Trade 5-14-07

I sold a few LVLT call options today. I sold the May 5.00 for .50 cents. So I made $100 on this trade. I am not planning on selling the common stock, so this was strictly a monthly income play.

UPDATE 5-21-07: Well as it turned out, I was called out on my option. So I had to sell my 200 shares of LVLT at $5.00 per share. This trade actually became a loss due to the fact that when you get called out you have to pay a manual commission fee. $17 bucks for each option that gets exercised. I paid $34.00 when I got called out!!! Plus the commission I paid when I bought the stock, and when I sold the covered calls. So all in all the total commission was $64.50! Bottom line this trade ended up being a 10% loss!

Amazon.com, Inc. (AMZN) Trade 4-27-07

With Amazons incredible run in the last 3 days, I am betting on a pull back. What goes up in a straight line always comes down. So I bought some put options. I bought the May 60 put ZQNQL

UPDATE 4-21-07: Put expired worthless. 100% loss!

Dendreon Corporation (DNDN) Covered Call Trade 4-23

I bought DNDN this afternoon so I could sell a CC. I sold the May 15 call (UKOEC) at $5.10. So I made $510.00 on this trade so far. So after May 18th when the call expires I will sell my stock shares. At that time I will add or minus the difference in the price of the stock from when I bought it.

DNDN was/is on a nice uptrend today. It was up $1.88 when I bought it. When selling a CC you always want the stock to be on a nice rally.

UPDATE 5-14-07: Ok this stock got hammered last week down $11.00 ($1,100.00), so I bought back my May 15 covered call for .05 cents ($5.00). So I made a little under $400.00 on the cover. I then sold the May 7.50 for .55 cents, making $55.00. I then bought 10 Aug 7.50 call options for .40 cents ($400.00), UPDATE 5-23-07-Aug 7.50 call is currenty at .80 ($800.00). Stock is up to around $7.00. I have to work around this to make my $1,100 loss back.

UPDATE 5-31-07: Dendreon Announces FDA Confirms Data Required for Provenge(R) Licensure..... WOOHO! I sold my 10 Aug 7.50 calls this morning at 2.40 for a 500% profit!!!!!!!!
This complete trade is now in the black big. I will figure out the total % gain after I sell the common stock. I may sell a June 10 CC for .70 to make $70.00 more.

My Million Dollar Portfolio

So I 've been playing the Million Dollar Portfolio game on CNBC. http://contests.cnbc.com/milliondollar/main.do

There is over 870,000 accounts playing in the game. I have two accounts, both of which are in the top 11%. In the last 4 and a half weeks I have made $120,000 in one account and $111,000 in my other account. The contest is full of professionals and celebrities that get professional advice on how to play the game. I am my own!!! I take in data from several different sources, then check them out. I then make my picks, some are from the info I gathered from my sources and some are completely my own. I am in the TOP 11% in both accounts. NOT bad.......

UPDATE 4-24-07: There are over 1,200,000 players now. I am in the the top 14th percentile now. Yahoo screwed my gains up...

NEUROCHEM INC (NRMX) Covered Call Trade 4-10-07

I bought 100 shares of NRMX this morning and sold the Apr. 17.50 Call option for $2.15. The option expires on April 20th, so if the stock price does not reach or exceed 17.50 by 4-20 I will not be call out (asked to sell my 100 shares). Either way it doesn't matter to me as long as the staock price does go up some till 4-20. I will be selling NRMX on or around 4-21. My profit is already $215.00 plus how ever much the stocks goes up till 4-20, or minus how ever much the stock goes down till 4-20.

UPDATE 4-23-07: So I said I was going to sell my shares after the CC expired on 4-20. That would be today 4-23 that I was going to sell. I made $215.00 when I sold my CC. The stock is down a little over 3 points from where I bought it. So over all I am down about 100 bucks on this total trade. I am not selling my shares today cause it looks to be gaining some momentum and has gone up .34 cents so far today. I am going to let this one run and watch it for a while.

UPDATE 4-27-07: I sold my shares today. It's just not bouncing back enough to hold on to any longer, so I am letting this one go. The stock price is down from where I bought it, but I sold a Covered Call (CC) to generate income. Over all this trade was a 7% Loss. If I had never sold the CC this trade would have been a 20% loss. So you can see how CC's can protect your ass (ets)

Apple Inc. (AAPL) Covered Call Trade 4-9-07

I sold my first covered call option today. I sold 1 APPLE May 100 call for $2.25. Each option is 100 shares of stock. So I got $225.00 bucks for giving the buyer the option/right to buy 100 shares of APPLE from me at $100 bucks per share. It's a win win for me.....
To learn what a covered call is, click here.

Duke Energy Corporation (DUK) trade 4-3-07

Bought some Duke Energy (DUK) call options today. Bought the July 22.50 call. The energy sector is in bullish mode and on an up trend. Duke is up 3.76% so far this year.

Pride International, Inc. (PDE) Trade 3-16-07

Bought some PDE July 35 calls on Friday. Got this play from an options site. There was very high volume on this call. Target is 100%.

UPDATE 5-25-07: I sold my calls for PDE this morning. I felt there is going to be a correction soon, so I wanted to take my profits. This trade made 121% gain!!!

Garmin Ltd. (GRMN) Trade 3-16-07

Bought some GRMN 55 calls on Friday. Garmin seems to be on a nice trend. My target is 100% gain.

UPDATE 4-23: Option pretty much expired worthless. It was automatically sold for a mere $60. So I marking this one down as a 100% loss.

AT&T Inc. (T) Trade 3-09-07

I bought some AT&T today. It looks like it is just about to break through resistance at around 37. It's been in a nice upward trend. I may have got in this a few days early but I still think it will be a good trade. I'll be looking to sell around 38, unless it is clearly going higher.

Update 3-26: I sold AT&T this morning. I think it has hit a new resistance....
This trade made a 5.7% gain.

Silver Wheaton Corp. (SLW) 2-27-07 Investment

Picked up some SLW in my discretionary account. Since precious metals have been on a tear lately I went long. This company is based in Canada.

UPDATE 3-14: I added to this position this morning @ 9.05

UPDATE 5-25-07: I sold SWL this morning. This play wasn't the best place for my money. I can get bigger returns elsewhere. This trade made a 9% gain.

Sears Holdings Corporation (SHLD) Investment 2-14

I bought some shares of SHLD today. It has a nice up trend and it just broke through old resistance of around 181. I am looking to hold this long term.

UPDATE 3-1: With this mornings huge drop @ $7. I added to my position, tripling my shares.

Level 3 Communications, Inc. (LVLT) Investment 2-14

I bought some shares of LVLT today. It just bounced off support so it should make a run up. If it makes a turn down, I will add to my position. This will be a long term hold.

Update 3-26: I bought some more LVLT this morning, doubling my position.

UPDATE 4-21-07: Due to my covered call on this stock, this trade became a 10% loss!

AT&T Inc. (T) Trade 1-12-07

Bought a few calls on AT&T today. Bought the April 35 call. With American Idol about to start, all those kids sending in their votes via text messaging will boost revenue for AT&T, which owns Cingular.

UPDATE: Sold my call options today for $3.50. This trade made a 180% !! Felt I was pushing it, so I wanted to lock in my profits.

VeraSun Energy Corporation (VSE) Trade 1-10-07

Bought a few put options on VSE. Bought the March 15 put, felt with oil in a mudslide who's gonna put their money in ethanol????? So I went short on VSE.

UPDATE 3-18: This option expired worhtless! Had a change to exit the trade in the early phases for a small profit, but choose to ride it out. Mark this one down as a 100% loss!!