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Weekly Wrap-Up 3/23/2013: AAPL, GS, FAS, ORCL, FDX, UPS, DSW

It’s "March Madness"!!  The markets were very volatile this week!  On one hand, stocks needed to consolidate after strong advances since the beginning of the year.  On the other hand, markets were mulling over the prospect of taxing bank deposits in arriving at a bailout agreement for Cyprus.  For us, we had a great trading week!  We traded on both sides.  On the long side, we traded AAPL calls more than a few times.  On the downside, we found winners in puts on FAS and GS.  Here are the closed trades for the week:

  • 12:53 | Ecstatic Plays AAPL ($461.50) Sold to Close 0328C460 Mar 460 calls, at $7.00 +52%
  • 12:47 | Ecstatic Plays AAPL ($462.00) Sold to Close 0328C460 Mar 460 calls, at $7.20 +57%
  • 06:44 | HappyTrading GS ($145.80) Sold to Close 04P145 Apr 145 put, at $3.75 +21%
  • 06:39 | Ecstatic Plays GS ($145.70) Sold to Close 0328P150 Mar 150 put, at $4.90 +32%
  • 12:56 | Ecstatic Plays LVS ($53.86) Sold to Close 04C52.5 Apr 53 calls, at $2.46 -2%
  • 12:45 | Ecstatic Plays GS ($145.50) Sold to Close 0328P150 Mar 150 put, at $5.10 +38%
  • 12:41 | HappyTrading GS ($145.80) Sold to Close 04P145 Apr 145 put, at $3.90 +24%
  • 10:43 | Ecstatic Plays AAPL ($456.40) Sold to Close 0328C460 Mar 460 calls, at $5.45 +36%
  • 09:50 | Ecstatic Plays AAPL ($457.30) Sold to Close 0328C460 Mar 460 calls, at $6.20 +55%
  • 08:45 | Ecstatic Plays LNKD ($174.00) Bought to Open 0322P170 Mar 170 put, at $0.55 EXPIRED
  • 07:29 | HappyTrading NFLX ($183.30) Sold to Close 0328P175 Mar 175 put, at $1.85 -26%
  • 11:00 | Ecstatic Plays FAS ($160.20) Sold to Close 0322P163 Mar 163 put, at $4.60 +39%
  • 10:56 | Ecstatic Plays FAS ($160.10) Sold to Close 0322P163 Mar 163 put, at $4.66 +41%
  • 08:53 | HappyTrading MNST ($50.10) Sold to Close 04C50 Apr 50 calls, at $2.00 +29%
  • 08:17 | Ecstatic Plays CF ($198.50) Sold to Close 0322P200 Mar 200 put, at $2.72 +16%
  • 11:39 | Ecstatic Plays AAPL ($455.25) Sold to Close 0328C460 Mar 460 calls, at $7.60 +38%
  • 11:12 | Ecstatic Plays LNKD ($173.40) Sold to Close 0322P175 Mar 175 calls, at $3.20 +2%
  • 10:28 | Ecstatic Plays AAPL ($453.70) Sold to Close 0328C460 Mar 460 calls, at $6.50 +18%
  • 09:32 | HappyTrading AAP ($80.30) Sold to Close 04C80 Apr 80 calls, at $2.40 +30%

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Investors were cautious with the financials last week, as the discussions went on over the bailout on Cyprus.  FDX and ORCL both took sharp falls after their earnings reports, which pressured the broader market.  However, surprisingly, dip-buyers were still buying.  DSW is almost all the way back to its level before its Q4 miss.  On Friday, FDX and UPS both bounced as well.

The broader market closed out the week only slightly lower.  We’ll take a closer look at things tomorrow night in my weekly Market Forecast.

Happy Saturday and HappyTrading! ™

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