I Can't Believe I'm Not Butter...

The bulls have been whipping me up and as the markets continue to churn, I still haven't learned.  I wanted to be great, but I still ended up being market making bait.

I suppose the worst part is I actually had SPY $166 calls, but they were for the 6 September 2013 expiry date and I unfortunately let go of them the day before and didn't get into any more.

The trick to options trading: timing, timing, and timing!

And I've got to get better at this!!


+0.25% SBA
-1.75% Roth IRA

+0.89% DJIA
-0.11% Nasdaq
+0.31% S&P 

+0.07% FTSE
+0.32% Eurofirst
+0.01% Nikkei
+0.15% Shanghai
00.00% SENSEX
-0.17% Hang Seng

+0.31% WTI
+0.34% Brent
-0.18% Gold
+0.11% Copper
+1.16% Corn

+0.33% EUR/USD
+0.55% GBP/USD
-0.54% USD/JPY

+0.03% DJT
-4.68% VIX

-1.32% 10-Year US Treasury Notes


58% Advancing Issues on NYSE                     |   59% Up Volume
40% Declining Issues on NYSE                      |   39% Down Volume
2% Unchanged                                           |   2% Unchanged
179 New Highs   |   69 New Lows


45% Advancing Issues on Nasdaq                  |   57% Up Volume
51% Declining Issues on Nasdaq                   |   40% Down Volume
4% Unchanged                                           |   3% Unchanged
172 New Highs   |   16 New Lows


Today's Major Headlines:

Verizon Borrows $49 Billion In Record Bond Sale

Southeastern Takes 11.9% Stake In News Corp

Fears Over iPhone Price Hits AAPL Shares, But Carl Icahn Told CNBC He Bought Today...


P.S. Lehman's creditors apparently still own 49% of Neuberger Berman.  Why shouldn't we as bondholders get a share of Neuberger Berman as part of the settlement?