2/8/2011, finally, an option loss day

AVE big rebound, bought small position of LOCM; $400 paper gain today contribute by these two stocks;

Closed AApl bearish spread at the morning, yet, Amzn became a big loser today caused option total to be a loss, just -$100 though; Need study about how to handle Iron condor properly, I saw an almost worthless spread jumped back to a lot of money without doing anything, hope it would expires to save the transaction fee. Should close it early when AMZN was bottom. I think I didn't bother to check its chart when I won money those days.

Feel the market is due for a pull back, today added 2 bearish spread: IWM 83/85 call and GLD 135/137 call. Now beta is -248. If Amzn goes to 185 tomorrow, I will add put to it.