The Girl, The Market, and the Golden Job

So I'm dating the new girl. So far its fun, I like her. I kind of wonder where it will go.. but oh well for now I guess I should go with it and not think too hard about it.

I noticed her taste is expensive although I don't feel she acts that way. Articles I spotted. Rolex watch, Channel earrings, LV bag, LV wallet, LV credit card holder, Channel rain boots, Cartier bracelet. Hmmmm... red flags???

In other news Market is tanking.

MS is dying again, I am still holding a put so its in the money now. wooo. Its hard to gamble short because the gov't keeps interfereing.. MS was definitely going bankrupt until all the intervention.

So I'm losing like huge 10,'s of thous on long positions now (as is everyone). I don't need to sell so only thing to do is play contra w/ options and try to make up some short term ground. So far.. not bad. I'm learning how to properly trade options and hedge exposure by buying calls/selling calls together (bull call spreads/verticals). I made few mistakes that cost me big gains, for example on Tuesday I tried to buy a bull call spread against SDS (an ultra-short index of S&P) but due to low volume of options trading on this it never got thru! Geezzz.. the market tanks tues/weds and I am screaming AAARRRGGGG $5k in gains missed...

But it made me wise up, the spreads (bid/ask) on these low vol options are murder, so I figured out I should play bear puts against a higher vol issue like SPY (S&P index). Very liquid, and easy to exec. Thurs decided to get back in, so made up $5k on that play.

However I need to do some spreadsheet math and figure out the right way to be trading.. I'm sure I am not optimizing my risk/reward ratio here.

Note, I realize I will lose my money eventually as my betting streak can only go so far. But its okay its all for "fun" anyways. I'm mostly trading short, so if the market turns +long at least my standard portfolio will recover I hope.

Golden Job..
No such thing. Its what you make of it, and lately I aint been doing nothing. Quite sad. I'm now the head of MBS Analytics (its a joke its just me). This project if it doesn't get killed would give me a lead into VP if it takes off again. So I guess I should focus. Getting used to the slacker schedule of post-bankruptcy:

• 930-10am get into work
• 10am get breakfast w/ my friend from Gay from Documentation
• 1030am start chatting online w/ my colleagues, check yesterdays market, stocks, bloomberg news
  
• 1130am start planning for lunch by figuring out who to eat with
• 130pm back from lunch, chat some more see how usd2jpy is doing
• 300pm plan for coffee break, figure out who to drink with
• 500pm start thinking of leaving or going for happy hour

Yes it was like literarlly 1hr of real work in a day.. now we are getting busier.. but the highlights of the day remain the same.