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I’m very tempted to buy more puts this week. I think I’ll wait for one more run up to 1400. If I don’t get that run up to 1400 and we go straight down, I won’t chase those puts.

From AP

Dolphin dies after aerial collision at Discovery Cove

ORLANDO, Fla. (AP) ? A dolphin died over the weekend at a SeaWorld sister park after colliding with another dolphin during a guest interaction program.
About 32 visitors were in the lagoon Saturday afternoon when the two dolphins swam into the deeper center and leapt from the [...]

There’s a pretty good chance that I’ll be taking my qualifying examination in November. I just found out that someone I know failed his qual a second time so out the door he goes. Someone else just failed his first time and he’s been around for ages. I am not sure if they just weren’t [...]

Ugh, staying short is such pain. I added another put today.

Earlier in the morning the bid/ask was $4.85/$4.95. I put in a bid for $4.90. I saw the market moving higher and I removed my bid. I figured that if the bulls really wanted to run it up, then I might as well [...]

Obama didn’t have much of a chance in this old hag state of Pennsylvania, but you young adults freakin’ suck.

You got disproportionally punked by the old people in the state.

Getting young adults to vote is like pulling teeth.
Me: You vote yet?
Officemate: No.
Me: Why not?
Officemate: If Barack can finish my power amplifier project for me, I’ll [...]

I went to an Obama rally at the University of Pittsburgh on Monday night. The Pennsylvania primary is on Tuesday (today). The rally was held at the university’s basketball court. The rally was supposed to start at 9:30pm and the doors opened at 7:30pm. When I got in line at 7:45pm, the [...]

If the S&P 500 breaks 1400, I’m afraid I am going to have to take down my short positions.

The only problem is that everyone else is probably thinking the exact same thing. If the S&P 500 breaks through 1400, it’ll probably blow right through it and perhaps a gap up at the open will put [...]

I was looking at the open interest for XLF options and I just noticed something: I am the only person in the world holding XLF May 32 puts.

I just added a XLF May 30 put for $4.40.

I sold off my XLF April 29 for $4.30. I had gotten it for $3.20. I did not roll to May. Although I think XLF should be under $20, it seems ripe for a bounce at $24.60. I am still hanging onto my XLF May 32s.

First of all, the monetary base does not seem to be expanding. It looks like the Fed is failing to inflate.

I was a bit worried about the adjusted monetary base a few weeks ago when it looked like it was going to explode higher but thankfully it did not. The adjusted monetary base not [...]