Wang’s Happy Trading

Another stellar day of BOOKED gains for us!  We hit a BIG triple, and with more to come!  $$$$

• April 20, 2010
• 10:03 | Bagger Vance FWLT ($31.50) Sold to Close UFB 05222010 30 C May 30 calls, at $2.15 +115%
• 08:12 | Bagger Vance RIG ($92.50) Sold to Close RIG 05222010 90 C May 90 calls, at $4.65 +100%
• 06:52 | Bagger Vance POT ($109.40) Sold to Close PYP 052210 110 C May 110 calls, at $4.55 +57%

Markets seemed to be resting once again, and with Goldman’s earnings hitting it out of the park the powder was still dry….that’ll be the case until Wednesday when the market decides to reward Apple and others.  The earnings season is that one time that is unparalleled.  While you can try and duplicate the action it just never happens, so we take it one step at a time.  Breadth was outstanding as volume picked up the pace, too.  Bonds were higher as were gold and oil, as I mentioned in the chat room I thought commodities would be higher during this session.  If the dollar turns weak Wed we could see a plethora of trade ideas in these groups.  Tech and finanicials will surely be on the front burner.

Hit ‘em straight!

by Bagger Vance