Wang’s Happy Trading

Not an easy week on the market. We started out with so-called “tax selling“. Then, we ran into record-high commodities ($100 oil and $860 gold), although they did present some profittable opportunities! Today, the market had to deal with bad jobs numbers.

We exited most of our open call positions in the morning today and slowly jumped into puts. At the end of the day, I’m over 96% cash. Here are the closed trades:

FSLR Jan 250 puts, HJQMX, at $14, +21.7%
FSLR Jan 250 puts, HJQMX, at $10.5, -7.1%
GOOG Jan 650 puts, GOOMJ, at $13.2 +10%
GOOG Jan 650 puts, GOOMJ, at $14, +3.7%
POT Jan 140 calls, PYPAH, at $8.1, -30.2%
GOOG Jan 720 calls, GOQAD, at $3.5, -70.83%
BIDU Jan 400 calls, BPJAT, at $6.8, -69.8%
FLR Feb 155 calls, FLRBK, at $9.7, +5.4%
JASO Jan 70 calls, QJPAN, at $5.3, -38.2%
SPWR Jan 145 calls, BPNAI, at $1.8, -85%
MA Jan 210 calls, MALAB, at $6.6, -45.5%
CMI Jan 125 calls, CDMAE, at $3.6 (split-adjusted), -58.6%
NOV Jan 70 calls, NOVAN, at $7.5, +38.9%
CMED Jan 45 calls, QCYAI, at $3.4, +9.7% (all out)
POT Jan 140 calls, PYPAH, at $13, +12% (partially out)
MA Jan 210 calls, MALAB, at $14, +15.7% (more out)
AMZN Jan 90 calls, ZQNAR, at $8.4, +31.2% (partially out)
AMZN Jan 90 calls, ZQNAR, at $7, +9.3% (all out)
AMZN Jan 90 calls, ZQNAR, at $8, +6.8%
MA Jan 210 calls, MALAB, at $12.6, +4.1% (partially out)
***12/31: I’m closing some losing positions for tax purposes:
BIIB Jan 75 calls, IHDAO, at $0.1, -98.3%
FCX Jan 120 calls, FCXAY, at $0.35, -95.3%
CEPH Jan 80 calls, CQEAP, at $0.2, -95.7%
GRMN Jan 105 calls, RZJAA, at $2.2, (will look to roll to Feb later)

All trades opened this week were closed.

We’ll look at the market charts closely to see where the market stands after todays big slide. For now, it’s Friday and I’m going to see a movie!!

Good night and HappyTrading! ™