TheAcsMan.com no longer publishes original content material. Reprints of previously published "Daily Market Updates" available to subscribers of OptionToProfit.com appear for informational purposes only and links are de-activated.
One good Mother's Day tradition is that historically, the following Monday tends to be a good day in the markets. That's certainly one type of tradition I'd like to keep going.
That's especially true if my short call options are out of the money, which most of them are right now, with the notable exception of those on the Ultra-short Silver ETF.
Another tradition, but this time one that ended, was the annual embarrassment Osama Bin Laden would be subject to, as he had difficulty distinguishing between his daughters and wives.
It's a good thing that we found him, otherwise we'd never know when this one would have come to an end.
We'd still be at the mercy of the Al-Qaeda propaganda machines.
Thank goodness we had the help of our Pakistani friends.
I never thought that I could commiserate with Bin Laden, but I feel for him. Tough problem, but glad to see that it's resolved, in a mutually beneficial way.
On a downside however, with the attack on the Bin Laden Compound, I've lost 12 loyal Twitter followers.
What I really admire, though, is the ever forward marching presence of capitalism. The latest rumor is the Al-Qaeda will be funding a remake of the classic, "Gone With the Wind", entitled "Sunk to the Bottom". Reportedly, Leonardo DiCaprio has already signed on as a young Osama Bin Laden and James Cameron is commited to the project.
Only natural that these two should pair up again after already celebrating the sinking of the Titanic.
Given its difficulties in the markets these days, it's also rumored that Goldman Sachs will be bankrolling the effort in an attempt to diversify their brightest and best.
More on that later.
With 2 weeks left to go in this options cycle, I've been looking for weekly options opportunities now that E*Trade has finally offered weekly options to its offerings.
I did sell some more BP options this morning after making a few cents on last week's option contracts. This week, it also goes ex-dividend on Wednesday, so I'm hoping to double dip and then do it all again on the final week of the month.
As I look for opportunities, I'm struck by how moribund Goldman Sachs has been. The brightest guys in the room must be pretty embarrassed that they can't even seem to get caught in an upwind draft and ride on the market's coat-tails these days. I can almost envision an elderly and bent over Lloyd Blankfein with remote control in his hand looking at videotapes of himself during the golden years.
I don't think that Blankfein, the Spiritual Leader of Goldman Sachs, has the same issues with his daughters, if any, and wives, if any.
I also don't think that he's in fear of Navy SEALS busting into his condo, but Bin Laden probably had a high comfort level, as well.
One thing we know for certain, neither Bin Laden nor Blankfein will be celebrating next Mother's Day as the spiritual leaders of their organizations.
And the world will be safer.