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MA Trade: "a full mortgage payment on the farm for August!"

|Includes: MasterCard Incorporated (MA)

Here are some comments made in our Trading Room, when we played MA 170 calls since yesterday.  My first entry was $1.7.  Those calls traded as high as $10.5 and ended at $8.6.

HappyTrading July 15, 2009 9:17 AM
just cashed out on jul 170 calls for a quick +50% (1/2 hour); still seems too early... things just keep going higher and higher...

HappyTrading July 15, 2009 11:35 AM
moving up; i think it's going to break out.

HappyTrading July 15, 2009 11:42 AM
those jul 170 calls are now at $3.

HappyTrading July 15, 2009 11:59 AM
jul 170 calls at $3.5

Today, MA just kept on going higher...

HappyTrading July 16, 2009 6:58 AM
good morning!

breaking out...

HappyTrading July 16, 2009 8:09 AM
$180 is a possibility now...

Quarryman July 16, 2009 12:14 PM
I tip my hat to Happy.

162% gain on the MA trade. In at 3.40 and out at $8.90 just now!!

[It was a FULL position, too--i.e. a full mortgage payment on the farm for August!]

Thanks, Quarryman

HappyTrading July 16, 2009 12:19 PM
$180; those 170 calls from yesterday were 5-baggers!!

Quarryman July 16, 2009 12:24 PM
Hey, I still have 2 -MAGLs left, thought I'd sold them all at 8.90 they're now 10.50!

Happy, can we see 182 before expiry?

HappyTrading July 16, 2009 12:26 PM
can't be greedy; $180 was the target for this trade.

MA went as high as $180.76 today and retreated back to close at $178.27. 

Good night and HappyTrading! ™