Being long. I went long with index funds this morning and it worked out for about 1%.

NDX Calls - I basically got into these really quick in the last 20 minutes or so of trading and the NDX shot up near the close basically giving me a quick 18%. Sweet! My other option trades are now net even because of this nice NDX movement. I think we are going to NDX 2000 on this leg up and the options could be big for me.

The other option plays are doing crappy so far.

ERTS - Still waiting on E3 hype to help the stock. Rockband the video game is being featured live on stage on Friday @ E3. I’m personally looking forward to Medal of Honor: Airborne. I love WW2 history.

EBAY - Skype will be installed on Nokia’s new N800 phones. Also, a new Paypal module has been created for Facebook. Maybe that will help my position gain some traction? lol

MDT - Coveraged was initiated by Wachovia today. That did nothing for the stock price today nor my options.

LVLT - Well if NDX is getting to 2000 then LVLT might just get to 7 or 7.5 making my options worth more than they are right now.

Thanks for reading

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