Wang’s Happy Trading

I’ll do a quick Weekly Wrap this week, as I’m going on vacation for 2 weeks. I’ll be back on the 28th.

What horrible market actions today, as GE’s bad earnings shocked the market!

A member did some quick calculations of my published trades in 2008, and here’s what he/she found:
dlbnext
Posted April 11, 2008 at 8:11 am | Permalink (Edit)

I did some math on our Happy Trades for the 1st quarter and also April to date.
They are based on $3000 per buy and sell (total if sold in parts)
Good selections Happy.

First QTR 2008
Jan - $4881
Feb + $6411
Mar + $4081
_________
Totals profit + $5606, + $65 per trade average , + 2.2% per trade average , 86 trades

For April thus far:
April profit +$11,644 , + $895 per trade average, + 29.8% per trade average, 13 trades
**********************************************************************

Thanks, dlbnext! Of course, the above does not reflect the actual dollar amount, nor the percentage. I must say that my published trades really do show consistency. The record goes back to Apr 2007.

Here are the closed trades for the week:
GS ($179.5)
GPYEQ, May 185 calls, at $6.8, +4.6% (partially out)

ACI ($52.55)
ACIEJ, May 50 calls, at $5.5, +14.5% (partially out)

ACI ($53)
ACIEJ, May 50 calls, at $6, +25% (more out)

ACI ($53.8)
ACIEJ, May 50 calls, at $6.5, +35.4% (all out)

ICE ($151.7)
IHHEK, May 155 calls, at $8.5, +3.6%

SPWR ($90.14)
QSUER, May 90 calls, at $8.4, +3.7%

100% GR$$N on the closed trades again, although today’s market did some damage to the existing positions.

Here are the trades left open:
GS ($178.4)
GPYEQ, May 185 calls, at $6.5 (open, partially out)
Friday close: $3.11; unrealized gain/loss: -52.1%

OSIP ($38.56)
GHUEH, May 40 calls, at $2.05 (open)
Friday close: $1.55; unrealized gain/loss: -24.4%

DO ($126.57)
DOEE, May 125 calls, at $6.9 (open)
Friday close: $5.6; unrealized gain/loss: -18.8%

Since I’ll be gone for 2 weeks, I’m closing the membership to new members while I’m away. Next week is the expirations week for options. Given the volatility of the recent market, be very careful.

I’ll probably pop in here and there during the next 2 weeks. There will still be daily posts made by OptionDragon and Luck-o-the-Irish. Enjoy your weekend and happy vacation for me!

HappyTrading! ™