MyHappyTrading.com's  Instablog

We had another great week, with 100% GR$$N on our published trades, again:

August 07, 2009
12:36 | HappyTrading GOOG ($458.60) Sold to Close GOPHJ Aug 450 calls, at $13.20 +17%
12:21 | HappyTrading HIG ($19.25) Sold to Close HIGHQ Aug 17 calls, at $2.60 +24%

August 06, 2009
12:47 | HappyTrading HIG ($17.85) Sold to Close HIGHQ Aug 17 calls, at $1.70 +17%
07:01 | HappyTrading GS ($168.90) Sold to Close GPYHM Aug 165 calls, at $6.50 +57%

August 05, 2009
12:29 | HappyTrading GS ($168.80) Sold to Close GPYHM Aug 165 calls, at $6.20 +49%
12:02 | HappyTrading PNC ($41.55) Sold to Close PZHIB Sep 39 calls, at $4.00 +48%
11:51 | HappyTrading GS ($167.40) Sold to Close GPYHM Aug 165 calls, at $5.30 +28%

August 04, 2009
12:12 | HappyTrading PCP ($82.15) Sold to Close PCPHP Aug 80 calls, at $3.70 +9%
11:32 | HappyTrading PCP ($82.34) Sold to Close PCPHP Aug 80 calls, at $3.80 +12%

We've taken partial profits on most of the above positions with GS and PCP completely closed.  The PNC Sept calls, which was purchased at $2.7, is already now sitting on a +125% profit with more than 1 month to go.

Last weekend, in my Sector Watch, we discussed the financials being ready to break higher.  We traded accordingly and raked in nice profits.  I'll be back later this evening with this weeks Market Forecast and Sector Watch.

Hope you're having a wonderful Sunday afternoon!

Happy Sunday and HappyTrading! ™