Wang’s Happy Trading

It was a very good week in the Happy Community! Once a again, we have 100% GR$$N on the closed trades:

DO ($140.7)
DOFG, June 135 calls, at $10, +85.2% (all out)

BTU ($76.9)
BTUFO, June 75 calls, at $5.9, +18% (all out)

BTU ($76.66)
BTUFO, June 75 calls, at $5.6, +12% (partially out)

DO ($134.95)
DOFG, June 135 calls, at $6.3, +16.7% (partially out)

STP ($83.85)
STPFI, June 45 calls, $6.8, +94.2% (all out)

APA ($137.6)
APAFX, June 135 calls, at $8.3, +6.4% (all out)

STP ($47.9)
STPFI, June 45 calls, at $6, +71.4% (partially out)

CSIQ ($41)
GQAFF, June 30 calls, at $11.3, +182.5% (all out)

BIDU ($271)
BPJFP, took profits at $22.8, +42.5%

AAPL ($189.5)
APVFQ, June 185 calls, at $12, +18.2% (partially out)

AAPL ($190.5)
APVFQ, June 185 calls, at $12.5, +23.1% (all out)

APA ($139.3)
APAFX, June 135 calls, at $9.3, +19.2% (partially out)

CSIQ ($33.2)
GQAFF, June 30 calls, at $5.5, +37.5% (partially out)

If you are not familiar with our track record, you really should check it out on our Happy Trades!! page. On the member site, this page is updated daily and these trades are published as soon as the trade orders have been filled. We also have been discussing charting techniques more and more, and, our members have been finding the “Case Studies” very useful, as expressed by member rishi:
rishi
Posted May 16, 2008 at 11:22 am | Permalink (Edit)
HAPPY:

Thanks a lot and I look forward to learning from you TA in the coming months.

In our community, our goal is to foster an enviornment where the members can “create wealth, together”. So, naturally, we aim to help our members learn more trading/investing techniques so that we can all help each other.

The trades still open are:
UPL ($88.67)
UPLFQ, June 85 calls, at $6.2 (open)
Friday close: $6.24; unrealized gain/loss: +0.6%

MOS ($128.7)
MTJFF, June 130 calls, at $7.9 (open)
Friday close: $7.8; unrealized gain/loss: -1.2%

AEM ($65.8)
AEMFM, June 65 calls, at $5 (open)
Friday close: $6.6; unrealized gain/loss: +32%

It was the expiration week, and we have 2 trades that expired:
OSIP ($38.56)
GHUEH, May 40 calls, at $2.05 (EXPIRED, bought 4/10/08)

LVS ($81.68)
LVSEQ, May 85 calls, at $5.1 (EXPIRED, bought 4/2/08)

Last weekend, in my Market Forecast, I said,
“For the new week, the beginning of the week could be very important in shaping how the market moves. VIX came off of the support at $18 last week, but, was not really able to make a move up. If the VIX gets driven below $19, it could easily test $18 again. Breaking below $18 will be good for the market. The XLF was weak last week. We’ll need to see some strength back into the financials. Energy sectors still look strong, as oil prices are at new all-time highs. The techs don’t look too bad either. This week is options expiration week. So, last week’s weakness could be a head-fake to killed off some premiums in the March calls. Then, they might get driven up again to maximize profits. I will be looking at VIX and financials for some indications in the beginning of the week.”

We did get a strong opening and the market just took off from there. VIX closed below $18 on Monday and continued to slide throughout the week. Energy and metals continued to make new highs, as techs charged up higher. Even XLF managed to make some gains!

So, what comes next? I’ll be back tomorrow with my weekly Market Forecast. Hope you’re enjoying your weekend!

Happy Saturday!
HappyTrading! ™