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MyHappyTradingTM is a social network site with a focus on the global financial markets. It is an online community where you can share your thoughts and your investment/trade ideas with the community and the network that you build. Our Basic Membership is FREE. MyHappyTradingTM provides you the... More
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  • Weekly Wrap-Up 12/3/2011: GOOG, IBM, GLD, AAPL, V, GS  0 comments
    Dec 3, 2011 1:31 PM | about stocks: GOOG, IBM, GLD, AAPL, V, GS

    What a week it was for the market!  It was a "1-2-punch-and-a-light-uppercut' kind of week!  On Monday, encouraging news came out of Europe as Germany and France discussed new policies to keep the Eurozone together.  On Wednesday, global central banks sent a loud, cohesive, and positive message to the global markets by increasing liquidity.  On Friday, the US employment rate fell below 9%, to 8.6%.  Although 8.6% unemployment rate is nothing to brag about, it sure beats seeing the unemployment rate staying above 9% month after month!

    US stock market had its best week since 2009!  We were perhaps a little too cautious in our plays, but, still came away with another perfect week and 100% of the trades being profittable.  Here are the closed trades:

    • December 01, 2011
    • 11:49 | HappyTrading IBM ($189.94) Sold to Close 12C190 Dec 190 calls, at $3.30 +74%
    • 11:44 | HappyTrading SNDK ($49.75) Sold to Close 12C48 Dec 48 calls, at $2.88 +29%
    • November 30, 2011
    • 10:32 | HappyTrading GLD ($170.00) Sold to Close 12C168 Dec 168 calls, at $4.20 +42%
    • November 29, 2011
    • 07:21 | HappyTrading AAPL ($378.50) Sold to Close 1202C375 Dec 375 calls, at $6.20 +32%
    • November 28, 2011
    • 12:18 | HappyTrading V ($92.89) Sold to Close 1202C92.5 Dec 93 calls, at $1.43 +19%
    • 12:17 | HappyTrading AAPL ($374.20) Sold to Close 1202C370 Dec 370 calls, at $7.40 +7%
    • November 23, 2011
    • 08:39 | HappyTrading GS ($87.70) Sold to Close 1125P90 Nov 90 put, at $2.80 +12%

    In our Ecstatic Plays, we scored an overnight +157% trade on GOOG weekly calls:

    • December 01, 2011
    • 06:45 | Ecstatic Plays GOOG ($605.00) Sold to Close 1202C600 Dec 600 calls, at $7.20 +157%

    (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 on Sunday evening to discuss the market's outllok for next week in my weekly Market Forecast.  Perhaps, we are going to have a holiday rally after all?

    Have a wonderful weekend and HappyTrading! ™

    Sign up for FREE membership!

    Stocks: GOOG, IBM, GLD, AAPL, V, GS
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