Aug 12 - Aug 13

Yesterday I sold my AIG puts because im retarded. AIG fell a lot during the first 10 mins of trading but it faked up - looking like the market and AIG was trying to fill the gap. But I was a leaf and got shaken out because the market tanked and tanked really hard right after.

1 minute prior to market closing on Monday, I punched $4 calls of C at 20 cents
Yesterday C got killed so i averaged more in at 14 cents and 9 cents. Bringing my combined average of 13 cents.

Sold today when C hit 3.95 at 17 cents.

The markets gained a lot prior to the federal interest rate announcement (which we all knew would stay at 0%). But I thought the markets would react to it similar to last time. The markets last time was up about the same %, 1.5% ish prior to annoucement but after the announcment the markets declined sharpy and all the gains that day were lost.

So today I thought it would do the same, I bought C puts( I really wanted AIG puts but the were trading at a 30% premium which i thought was ridiculous). At first it looked like the markets were just going to do that but a rather surprising spike upwards occured. Nevertheless I held and am currently holding C $4 puts.

I think there will be a lot of market action tomorrow. More than likely going to go against me. Big news, retail sales, jobless claims and Business inventories. I will probably hedge myself rather than sell my puts.
If the retail sales is good, markets will probably move up 1% and vice versa.

My WMT straddles is up almost 40% since i bought it last thursday. They were undervalued by 20% at the time which I thought were odd, seemed too good to be true. Earnings out tomorrow, lets see what happens to this straddle.