Wang's Happy Trading

The market experienced a nice change in the sentiment this week, pretty much in accordance with my forecast, which we’ll review tomorrow.  Tuesday’s weekness gave the market a quick headfake.  Nevertheless, we had another very nice week, with only 1 trade in the red.  We used puts on V as a hedge against our long positions.  Here are the closed trades (trades with +50% or higher profit are highlighted):

September 03, 2010
11:59 | HappyTrading AAPL ($257.80) Sold to Close 0910C260 Sep 260 calls, at $2.20 +17%
10:49 | HappyTrading GLD ($121.98) Sold to Close 09C120 Sep 120 calls, at $2.58 +8%
09:43 | HappyTrading AKAM ($49.90) Sold to Close 09C48 Sep 48 calls, at $2.75 +25%
09:03 | HappyTrading GLD ($122.16) Sold to Close 09C120 Sep 120 calls, at $2.75 +16%

September 02, 2010
11:22 | HappyTrading CLF ($65.50) Sold to Close 09C60 Sep 60 calls, at $6.30 +68%
10:47 | HappyTrading FSLR ($134.00) Sold to Close 09C130 Sep 130 calls, at $6.55 +60%
09:27 | HappyTrading FSLR ($134.99) Sold to Close 09C130 Sep 130 calls, at $7.00 +71%
08:32 | HappyTrading FSLR ($133.70) Sold to Close 09C130 Sep 130 calls, at $6.10 +49%

September 01, 2010
07:00 | HappyTrading V ($69.80) Sold to Close 09P70 Sep 70 put, at $1.74 -36%
06:55 | HappyTrading CLF ($64.90) Sold to Close 09C60 Sep 60 calls, at $6.00 +60%

August 31, 2010
07:07 | HappyTrading V ($69.60) Sold to Close 09C70 Sep 70 put, at $2.00 +5%

August 30, 2010
07:53 | HappyTrading CF ($91.15) Sold to Close 09C90 Sep 90 calls, at $4.00 +13%

I hope you’re enjoying a nice long weekend for Labor Day.  I’ll be back tomorrow with this week’s Market Forecast.

Good night and HappyTrading! ™ (click to see our Facebook Page)