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February 2011 Monthly Wrap-Up: BIDU, POT, MCP, SNDK, LULU

|Includes: Baidu, Inc. (BIDU), LULU, WDC

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February went by fast!  We had a pretty good month.  Besides a handful of exceptions, most trades were in GR$$N.  Notable ones (highlighted) were BIDU, POT, MCP, SNDK, and LULU.  We also traded on both sides as volatility picked up.  I got rid of all the dates for the wrap-up report as it is easier to read and to see the % numbers as a whole.  You can always visit my Trade Records Page to see the entering and closing dates.  Here are the closed trades for the month:

12:48 | HappyTrading CF ($140.80) Sold to Close 03C140 Mar 140 calls, at $5.80 +18%
08:27 | HappyTrading CF ($141.00) Sold to Close 03C140 Mar 140 calls, at $6.05 +23%
07:12 | HappyTrading APKT ($75.30) Sold to Close 03C75 Mar 75 calls, at $4.00 +29%
07:49 | HappyTrading APKT ($76.30) Sold to Close 03C75 Mar 75 calls, at $4.50 +45%
11:26 | HappyTrading RIG ($79.10) Sold to Close 03P80 Mar 80 put, at $3.10 -13%
07:50 | HappyTrading HES ($84.50) Sold to Close 03C85 Mar 85 calls, at $2.70 +4%
08:34 | HappyTrading LULU ($76.00) Sold to Close 03P80 Mar 80 put, at $5.90 +59%
08:29 | HappyTrading LULU ($76.45) Sold to Close 03P80 Mar 80 put, at $5.50 +49%
12:05 | HappyTrading BIDU ($121.70) Sold to Close 0225P125 Feb 125 put, at $4.20 +24%
10:17 | HappyTrading BIDU ($120.15) Sold to Close 0225P125 Feb 125 put, at $5.55 +63%
07:13 | HappyTrading POT ($177.00) Sold to Close 0225P185 Feb 185 put, at $9.00 +68%
10:38 | HappyTrading NEM ($59.63) Sold to Close 03C60 Mar 60 calls, at $1.57 +21%
10:37 | HappyTrading WYNN ($128.00) Sold to Close 03C130 Mar 130 calls, at $3.65 -19%
10:27 | HappyTrading PAAS ($37.30) Sold to Close 03C37 Mar 37 calls, at $2.10 +17%
07:29 | HappyTrading PCX ($24.60) Sold to Close 02P25 Feb 25 put, at $0.36 -76%
09:11 | HappyTrading RIMM ($69.66) Sold to Close 03C67.5 Mar 68 calls, at $3.90 +50%
07:25 | HappyTrading RIMM ($69.50) Sold to Close 03C67.5 Mar 68 calls, at $3.80 +46%
08:23 | HappyTrading AAPL ($364.60) Sold to Close 02C360 Feb 360 calls, at $5.45 +27%
08:08 | HappyTrading AAPL ($364.30) Sold to Close 02C360 Feb 360 calls, at $5.20 +21%
06:47 | HappyTrading MOS ($85.50) Sold to Close 02P85 Feb 85 calls, at $0.94 +11%
06:56 | HappyTrading CLF ($93.00) Sold to Close 02C90 Feb 90 calls, at $4.10 +55%
06:55 | HappyTrading GOOG ($629.50) Sold to Close 02C625 Feb 625 calls, at $7.50 +29%
12:17 | HappyTrading V ($75.85) Sold to Close 02C75 Feb 75 calls, at $1.55 +35%
11:54 | HappyTrading V ($76.50) Sold to Close 02C75 Feb 75 calls, at $2.00 +74%
11:52 | HappyTrading CLF ($92.45) Sold to Close 02C90 Feb 90 calls, at $3.80 +43%
07:36 | HappyTrading UPS ($75.00) Sold to Close 02C72.5 Feb 73 calls, at $2.60 +14%
12:36 | HappyTrading POT ($189.00) Sold to Close 02C185 Feb 185 calls, at $5.60 +87%
07:10 | HappyTrading POT ($188.25) Sold to Close 02C185 Feb 185 calls, at $5.10 +70%
08:20 | HappyTrading MCP ($54.10) Sold to Close 02C55 Feb 55 calls, at $1.90 +27%
07:29 | HappyTrading BIDU ($123.85) Sold to Close 0211C120 Feb 120 calls, at $4.10 +111%
07:03 | HappyTrading CTRP ($42.00) Sold to Close 02P40 Feb 40 put, at $1.00 -41%
07:02 | HappyTrading BIDU ($123.15) Sold to Close 0211C120 Feb 120 calls, at $3.45 +78%
03:57 | HappyTrading MCP ($55.90) Sold to Close 02C55 Feb 55 calls, at $2.55 +70%
12:49 | HappyTrading MCP ($55.90) Sold to Close 02C55 Feb 55 calls, at $2.55 +50%
11:59 | HappyTrading GLD ($133.00) Sold to Close 0211C131 Feb 131 calls, at $2.25 +25%
07:25 | HappyTrading LULU ($80.60) Sold to Close 02C75 Feb 75 calls, at $6.20 +68%
07:10 | HappyTrading LULU ($80.40) Sold to Close 02C75 Feb 75 calls, at $6.00 +62%
06:59 | HappyTrading FCX ($55.20) Sold to Close 02C57 Feb 57 calls, at $0.79 -52%
08:11 | HappyTrading APC ($78.95) Sold to Close 02C80 Feb 80 calls, at $1.89 +5%
06:58 | HappyTrading V ($72.40) Sold to Close 02C70 Feb 70 calls, at $2.80 +7%
12:10 | HappyTrading APC ($80.35) Sold to Close 02C80 Feb 80 calls, at $2.60 +44%
11:38 | HappyTrading AAPL ($245.35) Sold to Close 0204C345 Feb 345 calls, at $2.58 +5%
07:46 | HappyTrading SNDK ($47.00) Sold to Close 02P50 Feb 50 put, at $3.65 +39%
07:11 | HappyTrading RIMM ($58.94) Sold to Close 02P60 Feb 60 put, at $2.25 +32%
07:21 | HappyTrading POT ($177.30) Sold to Close 02C170 Feb 170 calls, at $9.90 +106%
06:40 | HappyTrading SNDK ($46.13) Sold to Close 02P50 Feb 50 put, at $4.50 +72%
08:55 | HappyTrading IOC ($70.65) Bought to Open 02P70 Feb 70 put, at $1.40 EXPIRED
09:14 | HappyTrading MOTR ($22.20) Bought to Open 02C22.5 Feb 23 calls, at $1.20 EXPIRED

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The market was volatile today, as discussed in my Market Forecast last night, and mentioned in the Trading Room on Friday.  As always, trade ideas continue to flow in our Trading Room throughout the day.  The market is very interesting right now, as our published trades are hitting winners on on both sides while the market consolidates and sorts out its next direction.  An advantage of having trades on both sides in a volatile environment is that you can stay fairly market neutral and still profit from the volatility.

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