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I’m a newbie in Options trading. Actually I just finished reading a few articles to help me get started in Options. Today, I made my very first Options trade worth about $287.00. I bought 11 options contracts for the December 2009 CTIC call strike price of $2.50. CTIC is expecting big news from the FDA regarding a new cancer drug. I don’t own the underlying stock which is currently trading at $1.64.

In order to broaden up my the little that I know of Options trading and investing, I ordered two books from Amazon.com. They’re called “The Neatest Little Guide to Stock Market Investing” and “A Beginner’s Guide to Day Trading Online (2nd edition)”.

Millions of older people face shrinking Social Security checks in 2010, the first time in a generation that payments would not rise. The trustees who oversee Social Security are projecting there won’t be a cost of living adjustment (COLA) for the next two years. That hasn’t happened since automatic increases were adopted in 1975. By law, Social Security benefits cannot go down. Nevertheless, monthly payments would drop for millions of people in the Medicare prescription drug program because the premiums, which often are deducted from Social Security payments, are scheduled to go up slightly.

Let’s keep this going!

Lord, we pray for optimum health, mental clarity and political prosperity for President Barack Obama. We pray that what he lacks in political ‘experience’ you make up for
with supernatural wisdom and power.

We also pray that when his enemies come upon him they will stumble and fall; and that your love will fill his heart to the end that ‘Your will’ be done through him. Read the rest of this entry →