Wang’s Happy Trading

Another rough and volatile week on the market and it still could not find any solid footing. On Friday, the market slid again, with the Dow down 246.79 points, SPX losing 19.31 points, and the Nasdaq dropping 48.58 points.

Here are the closed trades for the week:
CFC Feb 115 calls, CFBC, at $10, +7.5%
GOOG Feb 730 calls, GOQBF, at $5.4, +12.5% (all out)
GDX Feb 40 calls, GDXBV,, at $6, +71.4% (all out)
CHL Feb 90 calls, CHLBR, at $2.65, -48%
APOL Feb 80 calls, OQABP, at $5.4, +25.6% (partialy out)
GDX Feb 40 calls, GDXBV, $5.2, +48.6% (more out)
GOOG Feb 730 calls, GOQBF, at $6, +25% (partially out)
GOOG Feb 730 calls, GOQBF, at $7.2, +50% (more out)
GOOG Jan 620 puts, GOOMD, at $8.6, -24.6%
BIDU Feb 430 calls, BPJBF, at $8, -5.9%
BIDU Feb 430 calls, BPJBF, at $9.1 +7.1%
GDX Feb 40 calls, GDXBV, $4.8, +37.1%
GDX Feb 40 calls, GDXBV, $4.6, +31.4%
SLB Feb 100 calls, SDBBT, at $4, -20%
ONXX Jan 55 calls, OIQAK, at $1.55, -72.8%
GOOG Feb 730 calls, GOQBF, $10, +5.2%
BIDU Feb 430 calls, BPJBF, $7.3, -16.1%

And, here are the open ones:
POT Feb 140 calls, PYPBH, at $11.2, $10.5 (open, basis $10.85)
Friday close: $10.5; unrealized gain/loss: -3.3%

APOL Feb 80 calls, OAQBP, at $4.3 (open, partially out)
Friday close: $7.2; unrealized gain/loss: -23.3%

CME Feb 700 calls, CWOBT, at $4.7 (open)
Friday close: $3.7; unrealized gain/loss: -27%

JASO Feb 75 calls, QJPBO, at $6.5 (open, nibbling)
Friday close: $6.8; unrealized gain/loss: +4.6%

We’ll review the market actions in more detail and see where things stand this weekend. Happy Friday, everyone!

Good night and HappyTrading! ™