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Dumped all 3 QQQQ March 43 puts for 97 cents. I did it only to cut risk and I was happy to get out of the position with a small profit. Bought 1 a few weeks ago for $1.40, bought 2 yesterday for 64 cents so selling all 3 for 97 cents isn’t bad [...]

Picked up 2 more QQQQ March 43 puts for 64 cents each. Had gotten one contract for $1.40 a few weeks ago. Digging self into hole.
Added 1 VIX March 22.50 call for $2.50.
Edit: It was a VIX 22.50, not a VIX 25.
Update: I want to go over why I decided to buy QQQQ puts and [...]

Bored
Ever since last Wednesday’s design contest deadline which I blogged about here, I haven’t done jack squat for research. It’s not that I don’t want to but because I can’t. I have two chips I need to test:
1. I got one chip back in August and I have not been able to [...]

I picked up a third chunk of TWM at $79.22 which I thought was a bargain. The market had other ideas. TWM traded as low as $76.58.

Look at it and weep.

The USD index was down 0.99% today. If you compare that how the stock market indices did today…
DJIA up 0.91%
Nasdaq up 0.75%
S&P 500 up 0.69%
Russell 2000 up 0.97%
The stock market was actually down today if you were a foreign investor.

We get this from the WSJ…

FDIC Readies for a Rise in Bank Failures
By Damian Paletta
Word Count: 622
WASHINGTON — The Federal Deposit Insurance Corp. is taking steps to brace for an increase in failed financial institutions as the nation’s housing and credit markets continue to worsen.
The FDIC is looking to bring [...]

I need to learn to be patient. I had a feeling TWM would go under $80 again but I ignored that feeling.
Bought one chunk of TWM at $82.54.
Bought another chunk of TWM at $81.84.
Closed at $79.50. Rats.
No stop loss, but that’s okay. It seems that it isn’t necessary for TWM as long as you keep [...]

I dumped one chunk of TWM at $83.49.
I dumped another chunk of TWM at $84.99.
(I had gotten 3 chunks of TWM for an average price of $79.33.)
I still have one chunk of TWM that I haven’t sold. I’m keeping for psychological purposes because I feel I need to have a short position on at [...]

I just bought a bear put spread on Research in Motion. RIMM spiked $9 to $107 this morning.
I bought one March 100 put for $2.84
I sold one March 96.625 put for $1.96
Cost basis is the difference between the two, or 88 cents.
Buying this bear put spread on RIMM limits my loss to $88 and [...]

I’m not writing a datasheet, but I just had to create a page that looks like it came from a datasheet. You do not want to know how long creating these plots took me. If I learned something from my internship at Lam Research during the summer after my junior year, it was how [...]