This has been another awesome week for our "happy traders"! We are again 100% GR$$N on our published trades! Yesterday, in our Trading Room, I cautioned our members on chasing GOOG July calls, and, thought that IBM would be a better earnings play:
July 16, 2009 10:03 AM
techs/GOOG/IBM
have gone up so much; GOOG will have to report an absolute blowout earnings to push things higher right away. GOOG july calls actually have pretty high premiums given that they expire in 1 day. "manipulation" will likely keep the reaction muted to kill the july options. unless, of course, it’s an blowout. then, we see somewhere between $450 to $500.
This goes for IBM as well. Although since IBM option premiums are more reasonable, I can see it go up more if it reports just reasonable well with positive forecast.
GOOG ended down $12.35 today, and IBM was up $4.78, or +4.32%!
I didn’t want our members to take these high risk trades. Instead, we bought NTES Aug 37 calls to be on the safe side. The thinking is that NTES has low preimums and is in the Internet space. We scored an overnight +46% trade:
07:05 | HappyTrading NTES ($39.34) Sold to Close NGHHA Aug 37 calls, at $3.80 +46%
Here are the rest of the trades for the week:
July 17, 2009
07:05 | HappyTrading NTES ($39.34) Sold to Close NGHHA Aug 37 calls, at $3.80 +46%
07:01 | HappyTrading MOS ($49.60) Sold to Close MOSHJ Aug 50 calls, at $4.00 +14%
06:51 | HappyTrading GS ($157.40) Sold to Close GPYHJ Aug 150 calls, at $11.55 +38%
06:40 | HappyTrading AAPL ($149.10) Sold to Close APVHI Aug 145 calls, at $9.00 +35%
06:34 | HappyTrading NTES ($39.38) Sold to Close NGHGA Jul 37 calls, at $2.20 +13%
July 16, 2009
10:59 | HappyTrading GS ($156.30) Sold to Close GPYHJ Aug 150 calls, at $10.85 +29%
06:56 | HappyTrading SNDK ($17.25) Sold to Close SWQGC Jul 15 calls, at $2.25 +5%
July 15, 2009
12:46 | HappyTrading LFC ($60.76) Sold to Close LFCHL Aug 60 calls, at $3.40 +19%
12:40 | HappyTrading AAPL ($146.70) Sold to Close APVHI Aug 145 calls, at $7.85 +18%
12:34 | HappyTrading GS ($155.20) Sold to Close GPYHJ Aug 150 calls, at $10.35 +23%
12:23 | HappyTrading NFLX ($44.28) Sold to Close QNQHV Aug 43 calls, at $4.00 +25%
08:31 | HappyTrading LFC ($60.29) Sold to Close LFCHL Aug 60 calls, at $3.20 +12%
July 14, 2009
09:02 | HappyTrading STT ($46.00) Sold to Close SPJGR Jul 44 calls, at $2.45 +29%
06:58 | HappyTrading BIDU ($295.00) Sold to Close BDUGY Jul 290 calls, at $9.00 +120%
July 13, 2009
12:52 | HappyTrading STT ($46.45) Sold to Close SPJGR Jul 44 calls, at $2.80 +47%
08:23 | HappyTrading BIDU ($287.65) Sold to Close BDUGY Jul 290 calls, at $5.50 +34%
To find out more about our services, or, to get access to our published trades, please visit our Services page. Thank you!
Have a great weekend!
Good night and HappyTrading! ™
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