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Weekly Wrap 12/10/10: NFLX, GLD

|Includes: GLD, Netflix, Inc. (NFLX)

The market fought with November highs all week and was finally able to break through on Friday.  We traded on both sides this week as the market bounced around at the recent resistance level.  No huge gains, but still pretty good results.  Here are the closed trades:
December 09, 2010
10:48 | HappyTrading QCOM ($49.02) Sold to Close 12C47 Dec 47 calls, at $2.11 +15%
08:33 | HappyTrading CRM ($149.65) Sold to Close 12C150 Dec 150 calls, at $3.70 -8%
08:03 | HappyTrading AAPL ($319.80) Sold to Close 12C320 Dec 320 calls, at $4.50 -4%

December 08, 2010
11:42 | HappyTrading WYNN ($101.50) Sold to Close 12P102 Dec 102 put, at $2.70 +4%
06:43 | HappyTrading NFLX ($184.60) Sold to Close 12P190 Dec 190 put, at $9.50 +48%
06:36 | HappyTrading NFLX ($183.30) Sold to Close 12P190 Dec 190 put, at $10.20 +59%

December 07, 2010
12:55 | HappyTrading CTXS ($70.95) Sold to Close 12C70 Dec 70 calls, at $2.30 -18%
12:26 | HappyTrading GMCR ($37.30) Sold to Close 12C36.67 Dec 37 calls, at $2.37 +25%
12:25 | HappyTrading AAPL ($319.50) Sold to Close 12C320 Dec 320 calls, at $5.00 -15%
08:24 | HappyTrading WDC ($35.24) Sold to Close 12C34 Dec 34 calls, at $1.58 +22%
08:23 | HappyTrading GLD ($138.10) Sold to Close 12C136 Dec 136 calls, at $3.15 +37%
08:22 | HappyTrading AAPL ($322.00) Sold to Close 12C620 Dec 620 calls, at $6.25 +7%

The market finally broke above November highs, but, are we getting toppy?  Still, there seem to be buyers chasing this market.  We'll take a closer look tomorrow at the markets in my Market Forecast for next week.

Hope you're enjoying your weekend!

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

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