Traders, Guns & Money

I got a copy of "Traders, Guns & Money: Knowns and unknowns in the dazzling world of derivatives" by Satyajit Das today. It's really good so far. The most educational books are often the stories told by people in the field.

Thinkorswim also put out their quarterly magazine thinkMoney which I'm looking forward to reading.

I've been looking at stocks and I'm in a bind. With my options strategy I'm a premium buyer. When the VIX went through 40 I transferred most of the money out of my options account to make sure I wouldn't trade because I didn't want to be buying premium with the VIX so high. Now I have a lot of ideas but not enough money.

I've found 4 stocks that that make great trades from the short side and I'm already short AMAT. I feel like I should at least one long position.

My AMAT position is an ITM April put. Given the timeframe of the trade I'm thinking about either buying a cheaper Jan. option or doing a vertical.