On Tuesday, I wrote that we might see the market take a breather. Friday’s jobs report gave the market that "excuse". The market ran up fast this week and came down fast. We logged in some nice winners early and cut our small losses late in the week. The +181% trade on NFLX on Thursday was a nice addition to the AAPL and GOOG trades earlier, although we cashed out those trades too early. Here are the closed trades for the week:
- 12:44 | HappyTrading NAV ($24.30) Sold to Close 07P25 Jul 25 put, at $1.70 -6%
- 07:06 | HappyTrading MCP ($21.45) Sold to Close 07C21 Jul 21 calls, at $1.05 -50%
- 07:04 | HappyTrading RIG ($44.70) Sold to Close 07C45 Jul 45 calls, at $1.13 -23%
- 12:17 | Ecstatic Plays FFIV ($101.90) Sold to Close 0713C105 Jul 105 calls, at $1.00 -13%
- 12:11 | Ecstatic Plays GLD ($156.00) Sold to Close 07C158 Jul 158 calls, at $1.37 -33%
- 12:00 | HappyTrading BIDU ($117.55) Sold to Close 07C115 Jul 115 calls, at $4.70 +21%
- 07:02 | HappyTrading NLFX ($77.30) Sold to Close 07C70 Jul 70 calls, at $8.00 +181%
- 09:59 | HappyTrading NFLX ($72.50) Sold to Close 07C70 Jul 70 calls, at $4.30 +51%
- 08:14 | HappyTrading V ($124.70) Sold to Close 07C125 Jul 125 calls, at $2.05 -8%
- 07:32 | HappyTrading APA ($86.75) Sold to Close 07C87.5 Jul 88 calls, at $2.00 -9%
- 06:56 | Ecstatic Plays GOOG ($582.30) Sold to Close 0706C580 Jul 580 calls, at $6.00 +50%
- 06:42 | Ecstatic Plays AAPL ($589.30) Sold to Close 0706C580 Jul 580 calls, at $11.50 +180%
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Friday’s quick pullback may present new buying opportunities. Earnings season will kick in starting next week. We’ll have to see if the latest quarterly reports can support this rally. Software stocks got hammered on Friday after INFA warned its 2nd quarter results would miss expectations. We’ll take a closer look at the sector, plus more, tomorrow in my weekly Market Forecast/Sector Watch.
Happy weekend and HappyTrading! ™ 
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