Well, Tait stayed up all night watching "Wall Street" 3 times in a row just to get his mojo back. Besides craving beef tartar and an uncontrollable urge to buy airline stocks, he actually made some money.
TAIT BOUGHT – 10 SRS $20 CALLS for $2.20
TAIT SOLD - 10 SRS $20 CALLS for $2.70 ($500)
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Wade was chasing stocks all day, like a pro quarterback chasing high school chicks. First brilliant move was to enter CYOU at the initial run-up, totally ignoring the 30 minute rule and the fact the chart looked like garbage last night. Immediately went down the crapper with the rest of the market.
WADE BOUGHT – 10 CYOU $40 CALLS for $2.00
WADE SOLD - 10 CYOU $40 CALLS for $1.25 (-750) F-Me
Hey, I know. I'll short CYOU.
WADE BOUGHT - 16 CYOU $35 PUTS for $1.10
WADE SOLD - 8 CYOU $35 PUTS for $1.55 (360)
WADE SOLD - 4 CYOU $35 PUTS for $1.35 (100)
WADE still holds 4 CYOU PUTS.
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Tait - "Hey, I've got a great idea. Let's buy FAZ now. It's at the high of the day, there's an hour left in the market, and the market's screaming off it's lows! (FAZ is a short)
Wade - "Great idea" Click. Wade's response should have been "You're a douchebag"
WADE BOUGHT - 4 FAZ $6 CALLS for .40
TAIT BOUGHT - 4 FAZ $6 CALLS FOR .40
WADE STILL HOLDING - Should be holding a gun to Tait's bald temple.
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DOUCHE OF THE DAY - FAZ
PUNCH IN THE FACE OF THE DAY - Wade punches himself in the face for listening to a douchebag.
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