The market was extremely volatile this week, with sharp moves in both directions. The market fell sharply in the beginning of the week, then, proceeded with an abrupt bounce during mid-week; only to end on a weak note on Friday. We had some mixed results:
- 12:16 | HappyTrading AMZN ($189.30) Sold to Close 04P185 Apr 184 put, at $1.54 -40%
- 12:02 | HappyTrading WLT ($64.45) Sold to Close 04C62.5 Apr 63 calls, at $3.00 +20%
- 07:31 | HappyTrading PII ($72.20) Sold to Close 04C72.5 Apr 73 calls, at $2.40 -11%
- 07:12 | Ecstatic Plays AAPL ($615.70) Sold to Close 0413P625 Apr 620 put, at $5.20 +49%
- 07:10 | Ecstatic Plays AAPL ($616.00) Sold to Close 0413P620 Apr 620 put, at $5.10 +46%
- 10:36 | Ecstatic Plays AAPL ($621.70) Sold to Close 0413P625 Apr 625 put, at $6.25 +39%
- 10:30 | Ecstatic Plays AAPL ($622.20) Sold to Close 0413P625 Apr 625 put, at $5.80 +29%
- 09:57 | HappyTrading CF ($190.10) Sold to Close 04C190 Apr 190 calls, at $4.00 +33%
- 09:46 | Ecstatic Plays AAPL ($625.80) Sold to Close 0413O625 Apr 625 put, at $3.65 +1%
- 12:38 | HappyTrading AAPL ($626.30) Sold to Close 0413P625 Apr 625 put, at $5.50 -15%
- 07:03 | HappyTrading WYNN ($124.40) Sold to Close 04P120 Apr 120 put, at $1.70 -30%
- 08:08 | HappyTrading WYNN ($125.85) Sold to Close 0413P125 Apr 125 put, at $1.35 -36%
- 08:00 | Ecstatic Plays CF ($181.00) Sold to Close 0413P180 Apr 180 put, at $2.50 +13%
- 07:12 | Ecstatic Plays MCP ($35.00) Sold to Close 0413C34 Apr 34 calls, at $1.38 +25%
- 07:05 | HappyTrading V ($119.10) Sold to Close 0413C120 Apr 120 calls, at $0.77 -43%
- 07:55 | Ecstatic Plays AAPL ($634.80) Sold to Close 0413P620 Apr 620 put, at $4.20 -32%
- 06:47 | Ecstatic Plays BIDU ($146.70) Sold to Close 0415C145 Apr 145 calls, at $3.40 -17%
GOOG reported solid earnings on Thursday, although its attempt to overly control the company may have left a bad taste in the investor’s mouth. Its stock dropped 4% today. Both JPM and WFC also reported solid earnings, beating the estimates. However, both stocks traded lower today, pressuring the financials. On the other hand, MA and V bucked the trend and pushed to new heights, with MA gaining almost $10 intraday! AXP reports next Wednesday. CMG recorded a new all-time today, reaching above $442/share! CMG reports next Thursday. INFY fell more than 13% after delivering a disappointing quarter report. CTSH dropped almost 4% in sympathy.
This was the first meaningful pullback since the market rallied in the beginning of the year. Both SPX and Nasdaq managed to close above some key levels this week, which we’ll take a closer look on Sunday in my weekly Market Forecast. Earnings season is about to kick into full action next week. It should be another fun and busy week. I’ll be looking at some trading ideas on Sunday in the Sector Watch.
Have a wonderful weekend and HappyTrading! ™ 
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