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Filled at .15 - no spread so had to pay the MMs a fee :mad:

Nice recovery, but too many levels were violated for me to feel comfortable near-term. On this run up, I'm purchasing 10 Mar 35 puts at .10 to convert to a bull put spread. Less exposure and more protection if the MMs decide to play "pop to stops" again. This reduces my profits a bit, but...

Boom

AMD dropped over 4% and broke through 2 resistance levels. I will be closely monitoring this stock tomorrow. If it continues to free-fall, I will be forced to either roll to 35s and break-even for the month or get the heck out of the way :) I still feel that we have a good chance of...

Yeah, a black swan would hurt - but I'm not leveraging myself to the point where I'd lose my house as well as my investment. As mentioned, I keep an eye on things and roll with the punches as needed. :)

Lol - who wants to know the month?!? Edited and fixed :)

This journal won't be updated more than once a week or so - depnding on how well I do my job. I'll be selling puts normally or synthetically depending on premium. Starting capitol $15000 Trades thus far: Sold 10 Feb AMD 40 puts for 1.10 premium (when stock was around 43 3 weeks ago)...

There is some speculation built into the AMD price and the rumor was the Dell was going to annouce today on it. They came out and said that they have no plans to use AMD and after hours AMD was down to around 40.50. It has since recovered to 4.90 or so. Seems like you'll be safe, but monitor...

Lol - warned you...

Think about your AMD play today as Dell's announcement/earnings tonight could effect it. Right now youy are well above water and could close for a dime.

I currently think your AMD spread is ok. Good support bounce today and with luck it will run for a few days at 40. Of course, I'm short 40 feb 40 puts too :)

Does it work on individual stock as well? (AMD short 40 feb puts...) Lol

And google goes boom - tomorrow's market should be interesting...

SBUX hasn't been doing so well lately ;)

You guys all discounting my Seahawks again? Typical east coast biasing again. No respect :) A market enima is the best description I've heard yet about what happened today - I'll make sure to quote that.

Your description of Bob made me seriously laugh at myself. Started small, won small, lost more. Swung larger, won big, lost even more. But, here I stopped and said hmmm and have been much better/conservative since. Hi coach - finally decided to register and post. I've been lurking for...