Olympiad Day 11

New Positions:
Longs:
201 TRI @ 49.69
793 NVTL @ 12.63
111 CTSH @ 90.36
260 LEA @ 39.13
458 HC @22.08

Shorts:
801 NKTR @ 12.45 <--Every freakin day I short and cover this one, wise up!

Options Sold:
15 THLD Feb 2.5 Puts @ .05 <--Dumb
15 CVTX Feb 10 Puts @ .05 <--Ditto
The story of the day is a nightmare move in CBRX, the stock i sold 5 naked puts in. It gapped down 60% on bad drug results sending these puts skyrocketing and into the money...

Closed Positions:
Sold 88 ASD @ 52.90 -.26
Sold 200 SGP @ 24.61 -.55 <--From day two
Sold 793 NVTL @ 12.83 +.20
Sold 260 LEA @ 38.70 -.43
Covered 801 NKTR @ 12.20 +.25 <--What a pos stock this one is huh?
Sold 201 TRI @ 49.71 +.02
Sold 111 CTSH @ 92.95 +2.59 <--BRAVO! Trade of the day right here. (daytrade)

Closing Liquidation Value: $100,661

I'm down today on options related losses in IIG, AGIX, MNTA and CBRX. With the exception of CBRX I expect these losses to be reversed by expiration in a week, but we'll see. The stock trades are doing quite well, options not so hot today.