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Today was a big day. Alot of losses turned into gains on the options front. I basically made up any loss including my PALM puts loss. I would have had a very nice day if I never bought the PALM puts in the first place. However, now if PALM was to suddenly drop it will just be gravy because I made enough to make those things free.

My Rydex account is up to a new high for the year and other trading accounts as well. Best trades today were SRS calls, FXP calls, QID calls, TNA puts, and TZA calls.

The inverse funds gained 4% in the RUT, 3% in the SPX, and I think 2.5% in the NDX. BUT only if you got out this morning like I did. As the market bounced enough into the afternoon that would have reduced these gains. I’m doing nothing till Friday.

Review this this, and this.

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