Well, what a day. If you've been following along, you'll see I've been keeping things in the black. Tomorrow is expiration day for May options on the SPX, so as usual, the Wednesday and Thursday of expiration week are lively and focused. Today was no exception. Here's what I just posted to my trading discussion list. Subj: I Wimped Out Alright, when I saw that 1272 break and go all the way down to 1267, I decided to pull the trigger. One of my cardinal rules is that once I decide to roll, I roll, no matter what. I could see the picture improving in the background as I was "livin' it up," but no matter. All in all, here's how it went: 1270/1280 put: debit of $6.4, so the 20 contracts cost $12,800. I then looked to roll out to a June put, but then realized I was out of balance to the downside for June, so my only alternative given maintenance constraints was to go the topside, which I really hate to do because it violates my rules; but I had no choice--I tend to keep my account pretty loaded without much on the sidelines. So: 1300/1310 call:...