Monday, August 29, 2011


I sold half of my LULU and GMCR calls today. I sold them for more than double what I paid for them so I have my original investment back and a little more. This way I'm playing with house money with the calls I have left. I sold them because as the chart below shows, we may be hitting resistance tomorrow. I wouldn't be surprised if tomorrow was a down day. I'm hoping not because I still have those calls. However, just in case, I bought some options to play the downside. $SDS Sept $26 calls for .61(this is an ETF that is short the SPY). NFLX Sept $190 puts for $1.95.

I also sold my IMAX and TZOO puts shortly after my last post. I'm looking to buy them back at a cheaper price because I still think those stocks will decline.



I am finally up 1% on my YACKX purchase in all 3 accounts. However this will not show up on the scoreboard until tomorrow.

10% Fund 13.18% The GMCR calls helped a bunch.
Jody's Roth IRA 7.35% I haven't bought any options in her account yet. It's just YACKX.
Ryan's Roth IRA -9.85%
S&P -6.43%

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