Wang’s Happy Trading

It’s been a very nice week as the market breaks higher.  We’re 100% green on the closed trades, yet again (trades above +50% gain are highlighted):

December 24, 2009
08:14 | HappyTrading GOOG ($617.50) Sold to Close GOPAA Jan 600 calls, at $24.00 +61%
07:27 | HappyTrading GOOG ($615.80) Sold to Close GOPAA Jan 600 calls, at $22.80 +53%

December 23, 2009
01:02 | HappyTrading AMZN ($139.00) Sold to Close QZNAG Jan 7 calls, at $7.30 +55%
11:42 | HappyTrading AMZN ($138.80) Sold to Close QZNAG Jan 135 calls, at $7.10 +51%
08:50 | HappyTrading AMZN ($137.40) Sold to Close QZNAG Jan 135 calls, at $6.50 +38%
08:21 | HappyTrading APA ($104.20) Sold to Close APAAT Jan 100 calls, at $5.40 +35%

We actually bought the GOOG Jan 600 calls at $11, so members who got in as a new trade have more than doubled on this trade:
December 11, 2009
09:04 | HappyTrading GOOG ($588.50) Bought to Open GOPAA Jan 600 calls, at $11.00 

We are recording the average cost of this trade at $14.9 because of a roll from December 600 calls, which we were behind by $3.9/contract.

This weekend, in my Market Forecast, I said:
"Nasdaq looks really strong. Its daily upper BB has opened up. Normally, I’d say that Nasdaq is setting up for a breakout. But, with this "undecided" market environment, we’ll have to wait until Nasdaq has caught up with the daily upper BB and is riding it higher to know for sure."

Check out Nasdaq’s daily chart this week; it’s so pretty:

Have a safe and nice Christmas!  Hope there are nice gifts waiting for you, or, perhaps you’ve already gotten them by taking profits on the market this week!? 

Merry Christmas & Happy Holidays!
HappyTrading! ™