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.selling swing 3/4 +RFYVX - RIMM $85.0000 Oct 2008 PUT at 14.00 area at about 418% profit $-) now before the close if this bill is not finished, I will buy back 1/4 to hold over the wekend for as I said before if the unthinkable happens and the market break down. Now if RIM was to pul back to lose the day lows then I would buy back the full amount of puts, but again with the intention of by days end having only a 50% stake. This hedge from yesterday was the smartest thing we did yesterday and its helping greatly but with the risk that we have I find that if this bail out is not ready, then even though today may be the best buying opportunity of the year, a hedge in options becomes almost necessary for anyone with bullish stock positions. Lets hope this bail out happens, the consequences ate to high, we dont need to stubbornly allow a avoidable depression from happening .

Nice play MM, Tomorrow will be very interesting imo!!!!

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All my posts are purely my opinion. Please use your own buy and sell signals and never invest in a stock you can not afford to lose money on. For a complete disclaimer click here

MM I often pay special attention to what you say in chat. Iam now reading about options. I have recently lost a great amount of $ in stocks. It took me a while to remember that pain inspires learning and growth. See you in chat.

MM Chuck and SA thanks for the great input on chat I have onlybeen back in trading for a few weeks but you guys are helping me make a great deal

Not as well as Dog but in the last 4 days of trading 231% just off of FNM and I am up a total of 390% since monday of last week

Thanks again all in Chat

yea in this market options are a great way to hedge your stock betts.the room was down yesturday and this morning, i try again latter on today