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August 13, 2011 Weekly Wrap-Up: IDCC, GLD, YOKU

|Includes:GLD, InterDigital, Inc. (IDCC), YOKU

The market had a wild week, swinging wildly from day to day, many times, hour to hour.  Although some buyers came back in, it certainly had not been easy to overturn the downward momentum just yet.  Nevertheless, we had a good week, trading on both sides.  We had some puts on YOKU, calls on GLD, which returned +87% and 94%, respectively.  We also added some longside plays on IDCC when the market started to bounce, and already locked a profit of +69%.  Here are the closed trades for the week:

11:17 | HappyTrading IDCC ($75.30) Sold to Close 08C65 Aug 65 calls, at $11.00 +69%
10:42 | HappyTrading ESI ($72.80) Sold to Close 08P75 Aug 75 puts, at $4.01 -11%
12:53 | HappyTrading BIDU ($149.60) Sold to Close 08C150 Aug 150 calls, at $4.50 +18%
12:11 | HappyTrading GLD ($172.30) Sold to Close 0812C170 Aug 170 calls, at $3.90 +11%
11:22 | HappyTrading GOOG ($557.00) Sold to Close 08C580 Aug 580 calls, at $6.90 -23%
11:04 | HappyTrading GLD ($167.40) Sold to Close 08C162 Aug 162 calls, at $6.80 +94%
08:51 | HappyTrading GLD ($166.30) Sold to Close 08C162 Aug 162 calls, at $5.60 +60%
07:17 | HappyTrading YOKU ($25.60) Sold to Close 08P30 Aug 30 puts, at $5.80 +87%

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Have a great weekend everyone, and, we'll look ahead to next week's market in my Market Forecast on Sunday!

Good night and HappyTrading! ™

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