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  • Weekly Wrap-Up 9/24/2011: GR, YOKU, SINA, V, GLD, BIDU, AMZN, IOC 0 comments
    Sep 24, 2011 3:12 PM | about stocks: GR, YOKU, SINA, V, GLD, BIDU, AMZN, IOC

    The market struggled this week hold its ground with rising concerns over the financial crisis in Europe.  But, after hearing Fed's comments, which showed increased caution, the market finally buckled.  The selloff came fast, and the market plummeted more than 3% on Wednesday.   We navigated the violent waves carefully and came away another good week!  Here are the closed trades for the week:

    • 09:43 | HappyTrading GR ($122.02) Sold to Close 10C120 Oct 120 calls, at $2.15 +65%
    • 07:24 | HappyTrading YOKU ($14.60) Sold to Close 10P17 Oct 17 put, at $3.30 +69%
    • 06:52 | HappyTrading YOKU ($14.00) Sold to Close 10P17 Oct 17 put, at $3.70 +90%
    • 10:30 | HappyTrading SINA ($97.30) Sold to Close 0923P100 Sep 100 put, at $5.30 +165%
    • 10:21 | HappyTrading SINA ($96.70) Sold to Close 0923P39 Sep 39 put, at $5.50 +175%
    • 10:20 | HappyTrading V ($94.25) Sold to Close 10C92.5 Oct 93 calls, at $4.80 +57%
    • 08:21 | HappyTrading BIDU ($146.80) Sold to Close 10C150 Oct 150 calls, at $7.25 -9%
    • 08:14 | HappyTrading V ($93.15) Sold to Close 10C92.5 Oct 93 calls, at $3.95 +30%
    • 08:05 | HappyTrading BIDU ($144.00) Sold to Close 10C150 Oct 150 calls, at $6.10 -20%
    • 07:06 | HappyTrading SLV ($38.80) Sold to Close 0923P39 Sep 39 put, at $0.78 -31%
    • 12:36 | HappyTrading UPS ($65.96) Sold to Close 10P65 Oct 65 put, at $1.80 -21%

    Besides the +175% intraday profit on SINA puts and the overnight $90% win on YOKU puts, we also traded fast trades on BIDU, AMZN, and IOC in the Trading Room.  On Friday, as gold and silver tumbled, we added puts on GLD and SLV and scored more intraday doubles:

    HappyTrading September 23, 2011 6:58 AM
    GLD/SLV
    plummeting


    HappyTrading September 23, 2011 7:15 AM
    If you're trading, look at GLD/SLV puts... I'll check in a little later...

    HappyTrading September 23, 2011 9:19 AM
    GLD/SLV
    did anyone get in on the puts? I just got back. picked some next weekly puts this morning and they are up 50%.


    jjvoit September 23, 2011 9:42 AM
    I took some GLD puts on the recommendation, looking for an exit, in at 3.3, now 4.8

    HappyTrading September 23, 2011 9:48 AM
    GLD
    should test $160

    HappyTrading September 23, 2011 10:07 AM
    GLD
    plummeting!! my weekly puts doubled. taking some profits.


    HappyTrading September 23, 2011 10:08 AM
    GLD
    weekly 165 puts from $3.9 to $8 in less than 3 hours...

    jjvoit September 23, 2011 10:16 AM
    out my GLD puts at 6.80 for a nice double

    (to subscribe to our Premium Services, please visit our Services Page or CLICK HERE to watch a step-by-step instructional video)

    I'll be back tomorrow with next week's Market Forecast, in which we'll look at how the individual sectors stand to map out the terrain for the present market.

     

    Enjoy your weekend and HappyTrading! ™

    Sign up for FREE membership!

    Stocks: GR, YOKU, SINA, V, GLD, BIDU, AMZN, IOC
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