Wang’s Happy Trading

Very nice way to close the week! The Dow closed up +134.78 points. SPX up +20.88 points and closed above 1530!! Very good sign! Nasdaq jumped +53.33 points to close above 2800!

Here are the closed trades for the week:
POT Nov 115 calls, PYPKC, at $8, +48.1% (all out)
WFR Jan 65 calls, WFRAM, at $9.5, +116% (more out)
GS Nov 230 calls, GPYKF, at $10.5, +9% (partially out)
GOOG Nov 650 calls, GOOKJ, at $33, +2.3% (partially out)
WFR Jan 65 calls, WFRAM, at $9.7, +120% (all out)
BHP Nov 85 calls, BHPKQ, $4.5, +12.5% (all out)
WFR Jan 70 calls, WFRAN, at $7.5, +10.3% (partially out)
GOOG Nov 650 calls, GOOKJ, at $33.5, +3.9% (more out)
VMW Nov 110 calls, VMWKB, at $8.5, +6.2% (partially out)
VMW Nov 110 calls, VMWKB, at $10, +25% (all out)
EMC Nov 22.5 calls, EMCKX, at $2.05, +7.9% (partially out)
EMC Nov 22.5 calls, EMCKX, at $2.10, +10.5% (all out)
BIDU Nov 340 calls, BDUKG, at $32, -5.9% (closed)
POT Nov 115 calls, PYPKC, at $7, +29.6% (partially out)
POT Nov 115 calls, PYPKC, at $7, +7.4% (more out)
ICE Dec 170 calls, IHHLN, at $16.4, +5.8% (partially out)
GOOG Nov 650 calls, GOOKJ, at $35, +1.7%
PCP Nov 145 calls, PCPKI, at $9, +7.1% (the portion bought at $8.4; shaved $0.6 off of the original coast)
OSTK Nov 35 calls, QKTKG, at $3, +30% (all out)
GRMN Nov 115 calls, RZJKC, at $8.7, +17.6% (all out)
FSLR Nov 145 calls, HJQKI, at $12, +6.2% (partially out)
FSLR Nov 145 calls, HJQKI, at $11.7, +3.5% (all out)
GOOG Nov 630 calls, GOOKF, at $34.5, +9.5% (partially out)
OSTK Nov 35 calls, QKTKG, at $2.8, +21.7% (partially out)
GOOG Nov 630 calls, GOOKF, at $34, +7.9% (more out)
GOOG Nov 630 calls, GOOKF, at $32.5, +3.1% (all out)
GRMN Nov 115 calls, RZJKC, at $8.1, +2.5%

WOW!!

To be fair, it wasn’t all champagne and roses. I got caught on some bad earnings reactions: SLB, FFIV, CNI, GLW (lots of time on this one though). Still holding them. I’ll need to see what opportunities present themselves for me to decide what to do with these.

Here’s what some of the members are saying today:
Lithium Rocketbottle
Posted October 26, 2007 at 6:17 am | Permalink (Edit)
STP got it
DECK got it
BIDU got it
MSFT got it
IBKR got it

Wish I had more of all

Standup Comic Bob
Posted October 26, 2007 at 6:35 am | Permalink (Edit)
Half out DECK +120% bagger with a go cup!

optiondragon
Posted October 26, 2007 at 6:40 am | Permalink (Edit)
DECK 300% gain from yesterday. A 2 bagger and I was tthhhhisss close to buying MSFT. BG was another too even though I chickened out.

HappyTrading
Posted October 26, 2007 at 7:10 am | Permalink (Edit)
WFR
bagger++ now!!

fb
Posted October 26, 2007 at 7:11 am | Permalink (Edit)
sold WFRAM at 8. My first bagger with Happy. very Happy….:-)

Standup Comic Bob
Posted October 26, 2007 at 7:31 am | Permalink (Edit)
All out of DECK. (And I didn’t screw it up!)
I was probably conservative, just shy of a 2 bags.
I like cash through the weekend.
Thanks Dragon, my higher power, & all of you.

Gordo
Posted October 26, 2007 at 12:20 pm | Permalink (Edit)
I truly love you guys, and I love hanging with you through these weird markets.Trading is usually a solitary game, but having some company (and some GREAT trade spotters) makes every trading day better than it would have been.

Peace,

CapitainAl
Posted October 26, 2007 at 12:45 pm | Permalink (Edit)
thanks happy…been a great week of trades…
wasnt able to participate on all your trades, but those I did participate in where great happy winners

goldy
Posted October 26, 2007 at 12:58 pm | Permalink (Edit)
Thanks Happy - it was a rewarding week for me!

jamesbond2509
Posted October 26, 2007 at 12:58 pm | Permalink (Edit)
Great Call on GS Happy!

JMAC
Posted October 26, 2007 at 12:59 pm | Permalink (Edit)
THANKS EVERYONE—I got on alot of trains with all of you but can’t remember who suggested each…so THANKS ALL! this is a great place to trade - no a HAPPY PLACE….

Tiger
Posted October 26, 2007 at 1:00 pm | Permalink (Edit)
outstanding turn around in a week. WoW !!

Thank you all. Have a Great weekend. Stay Happy & enjoy.
Cheers !!!

Lithium Rocketbottle
Posted October 26, 2007 at 1:01 pm | Permalink (Edit)
Another great week. Very happy, very green. Thank you all. Happy weekend to all.

tdbct
Posted October 26, 2007 at 1:02 pm | Permalink (Edit)
very good week, everyone enjoy the weekend!!!

rr
Posted October 26, 2007 at 1:05 pm | Permalink (Edit)
Thanks Happy & Gang…..made really good money all through the week…even with such crazy volatility…….

Standup Comic Bob
Posted October 26, 2007 at 1:10 pm | Permalink (Edit)
Happy, for me at least, and I’m sure almost all of us, it was champaign & roses. Losses are a part of the game, and we havn’t even realized them on those positions! And if we do, well my profits have MORE than covered them.

You did an INCREDIBLE job…in a mostly volatile week!

sc_troj
Posted October 26, 2007 at 1:17 pm | Permalink (Edit)
I hope everyone have a nice weekend. I am enjoying being a part of the happy family.
Thanks happy. Look forward to your weekly wraps.

Best. Logging off…

Thanks to all of you too, for being a part of the “Happy Family”!! Great job!!

Here are the unclosed trades for the week:
ICE Dec 170 calls, IHHLN, at $15.5 (open, partially out)
Friday close: $13; unrealized gain/loss: -16.1%

UTHR Jan 90 calls, FUHAR, at $4.2 (open, nibbling)
Friday close: $4.7; unrealized gain/loss: +11.9%

GOOG Nov 650 calls, GOOKJ, at $35, $29.5 (open, avg cost $32.25, partially out)
Friday close: $32.08; unrealized gain/loss: -0.5%

GS Nov 230 calls, GPYKF, at $10.5 (10/12), $9 (2x) (open, partially out, avg cost $9.63)
Friday close: $11.5; unrealized gain/loss: +19.4%

WFR Jan 70 calls, WFRAN, at $6.8 (open, partially out)
Friday close: $7.2; unrealized gain/loss: +5.9%

Enjoy your weekend and have fun! I’ll be back with posts throughout the weekend.
If you’re still just reading my posts and contemplating on joining the membership, there’s only 1 week left on the 20% discount!

Hope to see you soon!
HappyTrading! ™