Wang’s Happy Trading

There were only 3 1/2 trading days this week, and it sure went fast! For me, it was actually, quite, fully packed. Between travelling, spending time at Lake Tahoe, having Thanksgiving dinner with family and friends (17 people!), and juggling trading/blogging, I was barely able to catch enough sleep to keep me awake!

The market was still volatile, but, did manage to close the week on a high note: the Dow was up +181.84 points; SPX gained +23.93 points (finishing just above 1440!); Nasdaq garnered +34.45 points!

We had an “ok” week considering how the market did. We lightly traded on both sides. Here are the closed trades:
STP Dec 70 calls, STPLN, at $7.3, +21.7% (more out)
SPY Dec 145 puts, SFBXO, at $4.7, +3.2%
DISH Jan 50 calls, UABAJ, at $7.5, +33.9% (partially out)
SPY Dec 145 puts, SFBXO, at $4.9, +3.2% (partially out)
SPY Dec 145 puts, SFBXO, at $4.85, +2.1% (more out)
SPY Dec 145 puts, SFBXO, at $4.9, +3.2% (all out)
BIDU Dec 330 calls, BDULE, at $25.5 (+4.1% attributed to basis of the remaining)
GS Dec 250 calls, GPYLA, at $2.85, -23%
BIDU Dec 330 calls, BDULE, at $21.8, -20.7%
ICE Dec 180 calls, IHHLP, at $6, -50%
FSLR Dec 185 puts, HJQXQ, at $11.3, +3.7%
GOOG Dec 670 calls, GOOLN, $22, +2.3%
VIX Dec 25 calls, VIXLE, at $3.6, +33.3% (all out)

The unclosed trades are:
DISH Jan 50 calls, UABAJ, at $5.6 (open partially out)
Friday close: $2.45; unrealized gain/loss: -56.3%

RIG Jan 125 calls, RIGAE, at $6.5 (open)
Friday close: $8; unrealized gain/loss: +23.1%

CEO Dec 180 calls, CEOLV, at $8.4 (open)
Friday close: $10; unrealized gain/loss: +19%

Next week could be a very interesting week, as the market really needs to show some strength to establish a bottom. We’ll look at the major indices and individual sectors this weekend.

Here’s a cool yoga routine for the holidays: Yoga for Hangovers! LOL!

Good night and HappyTrading! ™