End of Day Report Monday 5/6

We put an insignificant amount of our account into Microsoft and Yahoo options because we consider the two to be a highly speculative play based merely on a guess of how people will react to the acquisition being stopped. We doubt it will yield much profit.

Our main play will be tomorrow where we will purchase a large sum of our favorite: SPY Calls. It is our belief that the stock market has, for the moment, reached the bottom of its downward spiral. Not only has the market stopped its awful plunge during these past few days, but also the talk on Wall Street has taken a more positive tone. When they once spoke of the crumbling economy, they now talk about how the crumbling may not be as bad as once thought, and how the dollar appears to be rebounding from its terrible lows. This new positive outlook showed itself today, where the price of oil reached another historic high, and yet the market managed to claw its way out of the red and close ten points in the green. We don't know what will happen to the economy in the long-run, but in the short-term, we are willing to bet big that the market will recover some of its losses.











Starting value: $100,000