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Weekly Wrap 11/19/10: CRM, BIDU, NFLX

|Includes: BIDU, Salesforce.com, Inc. (CRM), NFLX

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It was a very volatile week!  But, we came away with winners on both sides (long and short).  Besides one minor loss, all of our closed trades were in the GR$$N, including a big triple (+241%) profit on CRM:

November 19, 2010
11:39 | HappyTrading NFLX ($172.60) Sold to Close 1126C170 Nov 170 calls, at $5.25 +24%
07:04 | HappyTrading CRM ($132.50) Sold to Close 11C120 Nov 120 calls, at $12.55 +241%

November 18, 2010
12:37 | HappyTrading AAPL ($308.60) Sold to Close 1126C310 Nov 310 calls, at $3.30 +6%

November 17, 2010
12:29 | HappyTrading SINA ($60.20) Sold to Close 11C60 Nov 60 calls, at $0.95 -21%

November 16, 2010
08:37 | HappyTrading BIDU ($103.90) Sold to Close 11P105 Nov 105 put, at $2.70 +46%
08:33 | HappyTrading BIDU ($104.10) Sold to Close 11P260 Nov 260 put, at $2.60 +41%
08:28 | HappyTrading NFLX ($164.50) Sold to Close 11P170 Nov 170 put, at $7.10 +29%
08:14 | HappyTrading BIDU ($103.30) Sold to Close 11P105 Nov 105 put, at $3.00 +62%

November 15, 2010
12:36 | HappyTrading MEE ($47.70) Sold to Close 11C45 Nov 45 calls, at $3.00 +3%

The market bounced back as discussed in our Market Forecast for the week, although it is still a bit shaky.  We'll take a closer look this Sunday and discuss how the market could move from here.  Next week is Thanksgiving week and the market is closed on Friday.

Good night and HappyTrading! ™ (click to see our Facebook Page)