Thursday, April 24, 2008

NET LIQ VALUE: $28,455.72

Trades (excluding futures):
4/24/2008 10:56:31 AMSINGLEBUY+5MSFT100May 0834CALL$0.40$0.40
4/24/2008 8:40:03 AMSINGLEBUY+5RIMM100May 08140CALL$0.90$0.90
4/24/2008 8:37:48 AMSTOCKBUY+100URBN STOCK$32.50$32.50

Covered my URBN short and realized several hundred in losses.

Covered my RIMM today at $0.90 to realize $75. good thing I did that. RIMM jumped to the $123-125 range in the mid-day.

Bought 5 MSFT calls hoping that they beat earnings tonight (which they did). But it is trading down after markets because they are lowering their forecasts for Q3. It's only $200 exposure, so that's a good cheap lesson learned. Will probably hold it to expiration and see how it goes.

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