Bailout Trades

Okay, so my strategy for the last couple of weeks. Buy puts on everything. It's been awesome.

In the last couple of weeks I've made 5k+ each on goog puts, rut puts, aapl puts, rimm puts, citigroup puts, dia puts, gs puts, and . Boo yah. Do you like apples? How do you like them apples!

Since I'm not sure exactly how the bailout is going to shake out, I closed all my positions before the market closed today. You know how it is.

I'm hoping that the house of representatives keeps a tight hold of their cojones and votes this down tomorrow. Sheesh.

And you know, I realize that we're talking about some financial turmoil when that happens. We could be talking about A LOT of financial turmoil. I've been trying to think through possible scenarios, combined with reading a bunch of possible scenarios and I've come up with some freaky stuff.

I still don't think the government, funded by the taxpayer is the proper entity to deal with gummed up credit markets. That scenario chills me more than all the others.