Wang's Happy Trading

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The market finished strongly on Friday.  Looking past the unemployment report, and anticipating more Fed help.  The market was quite volatile this week and we caught some nice trades on both sides.  On Tuesday, we scored an intrady double (entering and exiting the trade on the same day, only a few hours) on GOOG, with profit as high as +119%.  On Wednesday, we jumped in on the VMW puts when the "cloud computing" stocks were getting hammered.  That trade brought us an overnight +67% gain, which we cashed out on Thursday morning near the day high.  Here are the closed trades for the week:

October 08, 2010
07:45 | HappyTrading MOS ($65.94) Sold to Close 10C60 Oct 60 calls, at $6.10 +11%

October 07, 2010
07:10 | HappyTrading NFLX ($151.50) Sold to Close 1008P150 Oct 150 put, at $2.00 -26%
07:02 | HappyTrading VMW ($73.55) Sold to Close 10P80 Oct 80 calls, at $7.00 +67%

October 06, 2010
09:27 | HappyTrading AAPL ($287.90) Sold to Close 10C290 Oct 290 calls, at $4.40 +22%

October 05, 2010
10:44 | HappyTrading GOOG ($538.30) Sold to Close 1008C530 Oct 530 calls, at $10.50 +119%
08:51 | HappyTrading GOOG ($535.50) Sold to Close 1008C530 Oct 530 calls, at $8.00 +67%
08:41 | HappyTrading GOOG ($535.70) Sold to Close 1008C530 Oct 530 calls, at $8.50 +77%

October 04, 2010
09:06 | HappyTrading MA ($220.00) Sold to Close 10C230 Oct 230 calls, at $1.20 -58%

I’ll be back on Sunday with my weekly Market Forecast.  Have a great weekend, everyone!

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