Thanksgiving Day Post

Happy Turkey Day to everyone out there in investor land. I have not posted for a bit, so I wanted to bring everyone up to speed on what I have been working on. This is a tremendously volatile market place to be investing, however those trader's and investors who have the moxie can benefit greatly from this turbulence. I have decided to delve further into the options marketplace to hedge some of my bets, while limiting some of my risk. So here are some of my recent/ongoing thoughts in the options market:

Tuesday: I traded in and out of some Dec 50 puts on the QQQQ's and was totally free and clear by the close of the market. I did turn a profit on this.

Wednesday: I had to go to work, so I put in a bunch of put orders on DELL, ININ, SSRX and CSCO, unfortunately none of my put orders got filled. On the flip side I set out to by some calls on RIO, TNE, and VIVO, again no luck my limit price was to low for the huge downswing that was experienced.

The market will be open only half-day on Friday, so it's anyones guess as to which way the market will fluctuate. Of course, this will be on limited volume, so Friday's trading day in my opinion is a wash. I have done my due diligence these past few days and have refined the options that I will be shooting for on Friday.

ININ:
December $22.50 puts
December $25.00 puts
March $22.50 puts

SSRX:
December $12.50 puts
January $12.50
March $12.50 puts

CSCO:
December $27.50 puts
December $30.00 puts
January $27.50 puts
April $27.50 puts

DELL
May $27.50 puts

NOK
January $35.00 puts

TNE
December $22.50 calls
January $22.50 calls

VIVO
January $30.00 calls

RIO
No puts and/or calls right now on RIO, however I will load up on the stock if it drops to $29 range.