Tuesday 4/21 Update

No post last night for Tuesday. Played softball last night and completely threw my back out. Went to bed right after. Its morning time right now and my back is still completely messed up. Anybody want to share some painkillers? 'ol Luigi needs something.

Not a bad day for the markets. Started lower early in the session only to spike up with Treasury Secretary Tim Geithner's congressional testimony explaining how he believes that most banks are adequately capitalized and that the TARP is working. That is what I like to hear. No more "We might need to do more, up to and including letting NObama run everything and pay rich people $1 and poor people $6,000 for showing up".

DOW up 127.83 (1.63%), S&P 500 up 17.69 (2.13%) and the Portfolio up $2,423.15 for the day. No trades today. MS didn't make enough of a run up to sell a covered call against it and all my other positions are still smarting from Monday's butt whipping.

Yesterday action
BAC May 09 $6 Put -23.81% (this is good because I am short this put)
AA June 09 $8 Put -20.00% (this is good because I am short this put)

Some moves for Wednesday? Look to sell a covered call for MS @ $30 if it runs up a little. Look to go long either S or WIN on a pullback