Wang's Happy Trading

The market “woke up” today, especially the techs. We have positioned ourselves well since earlier this week, and, were able to profit from the jump today! Our “happy members” shorted LDK and MBI; went long on GOOG, BIDU, AAPL, RIMM, POT, MOS, AGU, LEAP, among many other plays! Congrats, everyone!

Here are some of the actions on the member board today:

optiondragon
Posted December 20, 2007 at 5:55 am | Permalink (Edit)
Morning Luck! Wish I had bought some Rimm at the bell yesterday. RIMM earnings will be big.
alot of people coming out to support MA.
Big day today.

optiondragon
Posted December 20, 2007 at 5:55 am | Permalink (Edit)
MBIA news is horrible.

Luck -o- the Irish
Posted December 20, 2007 at 5:56 am | Permalink (Edit)
NICE! MBIA cratering (posted a put spread about a week ago using out month -apr/may area 25p/15p)

optiondragon
Posted December 20, 2007 at 5:57 am | Permalink (Edit)
We were looking to short MBIA about a thousand times! Congrats Luck.

Luck -o- the Irish
Posted December 20, 2007 at 5:59 am | Permalink (Edit)
Energy Conversion-ENER part of $70M+ contract win in Italy

get ENER on the hawk list today

optiondragon
Posted December 20, 2007 at 6:00 am | Permalink (Edit)
LDK feels like it is going to try to touch $50 or low 50’s this morning after the open. Cost avg out in thirds or quarters at a time, but lock those profits up!

CapitainAl
Posted December 20, 2007 at 6:24 am | Permalink (Edit)
morning everyone

ldk great play for who went on the bear side, i got a couple of dec 60 puts last minute…seems like they tripled

HappyTrading
Posted December 20, 2007 at 7:13 am | Permalink (Edit)
GOOG
I think we can see $690 soon; breaking $690, it can go test $720

BillBigD
Posted December 20, 2007 at 7:41 am | Permalink (Edit)
DO-ATH

Makemoney
Posted December 20, 2007 at 7:47 am | Permalink (Edit)
Congrats BBD! Profits are good.

optiondragon
Posted December 20, 2007 at 7:59 am | Permalink (Edit)
took profits on POT at the top with the DEC, still hold the jan, RIMM looking good from 2.60s

vinaydh
Posted December 20, 2007 at 8:03 am | Permalink (Edit)
RIMM wants to go up!

Luck -o- the Irish
Posted December 20, 2007 at 8:39 am | Permalink (Edit)
my current RIMM setup:
Long Dec 105 straddle / short 2x Dec 90p/Dec 120c strangle

HappyTrading
Posted December 20, 2007 at 8:53 am | Permalink (Edit)
HOLX
has been doing very well the past few days; I think this was also added to S&P

dlbnext
Posted December 20, 2007 at 9:56 am | Permalink (Edit)
Happy
Do you think BIDU is getting ready to set up for an early afternoon jump?

HappyTrading
Posted December 20, 2007 at 10:05 am | Permalink (Edit)
BIDU/Market
possibly; I think the whole market is just waiting to make the turn. Let’s see if it can push through.

HappyTrading
Posted December 20, 2007 at 10:21 am | Permalink (Edit)
GRMN
jumped!

richardA
Posted December 20, 2007 at 10:23 am | Permalink (Edit)
AAPL wanting to go above 185

Mr_Sparkle
Posted December 20, 2007 at 10:23 am | Permalink (Edit)
Everything just woke up. GS/XLF are pushing up. I knew I should have picked up more GS 210s when it was down at 201 and 6.20. Oh well.

sakebomz
Posted December 20, 2007 at 10:36 am | Permalink (Edit)
happy, can you give us a target again for POT?

HappyTrading
Posted December 20, 2007 at 10:37 am | Permalink (Edit)
POT
I’m looking for $135+ for those jan 130s.

HappyTrading
Posted December 20, 2007 at 10:53 am | Permalink (Edit)
LEAP
took some profits; +104% from yesterday’s buy; will let the rest ride on house money! Sweet trade!

HappyTrading
Posted December 20, 2007 at 10:56 am | Permalink (Edit)
HOLX
they are buying it!

HappyTrading
Posted December 20, 2007 at 11:22 am | Permalink (Edit)
LEAP
$48+!! Can we get $60 to fill the gap?

HappyTrading
Posted December 20, 2007 at 11:45 am | Permalink (Edit)
LEAP
$50 printed! WOW!!

HappyTrading
Posted December 20, 2007 at 11:47 am | Permalink (Edit)
DO
up $4+; hasn’t found a top yet! amazing!

CapitainAl
Posted December 20, 2007 at 11:48 am | Permalink (Edit)
guys thanks for leap – up 250% on my LEAP Jan 50 Calls

Luck -o- the Irish
Posted December 20, 2007 at 12:30 pm | Permalink (Edit)
i would consider one of the two plays if you are bullish on RIMM (one is complex, but bare with me)
simpler play
1×3×2 skp strike butterfly +1 Dec 105/ -3 Dec 115c/ +2 Dec 120
prices are all over, so too difficult to post but probable cost around 2.25 to 2.35

there is some risk in the 109 to 114 range, but you get a free look above that and have downside protection if you get a credit

coolkid
Posted December 20, 2007 at 12:49 pm | Permalink (Edit)
MOS at 90… wow

HappyTrading
Posted December 20, 2007 at 12:50 pm | Permalink (Edit)
STLD/HOLX
both of these just keep on going up!

HappyTrading
Posted December 20, 2007 at 12:51 pm | Permalink (Edit)
GME
might be ready for a true breakout tomorrow.

james
Posted December 20, 2007 at 1:05 pm | Permalink (Edit)
Happy Day! Even I made a profit today. Thank you, Happy, for POT and CMI, as well as the inspiration to take some profits on my GOOG Jan 720’s. I must say, no matter how little, taking a profit sure feels good.

Googler
Posted December 20, 2007 at 1:06 pm | Permalink (Edit)
Congrats to those who played RIMM

Great job, everyone!
HappyTrading! ™