
The Day Is Done, the Bread Is Gone

By Steven Smith
About this article:
As I forecast I would this morning, I did very little in the way of trading today and used my time to research new ways to make money in the coming week. But I'm now launching an unofficial contest for the best joke or pun using the phrase "bread of affliction" to coincide with tonight's Seder, which marks the first night of Passover -- email me your best effort. This is in no way affiliated with our Beat the Street contest nor it is company-sanctioned. But the winner will get the notoriety that comes with being mentioned in this space. And a box of macaroons.
Some unusual option activity appeared today in Washington Mutual. Its implied volatility rose to 34% as shares fell 1.6% to $39.73 on the day. Two sizeable options trades went through, both on the puts side, with the April $40 puts trading 13,700...

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