Another Super Week! SLW, MCP, SOHU

Apr. 08, 2011 7:35 PM ETSOHU

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We had another really good week this week. The market was range-bound, as discussed in the Market Forecast, which we will review on Sunday. We continued to trade MCP and roll up to higher strikes. This week, we doubled on the 60 calls and then doubled again on the 65 calls! SLW finally broke out and SOHU provided some good returns as well. Here are the closed trades for the week:

08:03 | HappyTrading SLW ($46.90) Sold to Close 04C44 Apr 44 calls, at $3.15 +70%
07:36 | HappyTrading MCP ($69.20) Sold to Close 04C65 Apr 65 calls, at $5.30 +89%
12:44 | HappyTrading NFLX ($234.20) Sold to Close 04P235 Apr 235 put, at $6.40 -15%
12:21 | HappyTrading MCP ($68.68) Sold to Close 04C65 Apr 65 calls, at $5.10 +82%
12:06 | HappyTrading CRM ($131.90) Sold to Close 04P130 Apr 130 put, at $2.18 -18%
08:12 | HappyTrading YOKU ($51.70) Sold to Close 04C50 Apr 50 calls, at $3.00 +15%
07:22 | HappyTrading SLW ($46.50) Sold to Close 04C44 Apr 44 calls, at $3.00 +62%
07:12 | HappyTrading GLD ($142.50) Sold to Close 04C140 Apr 140 calls, at $3.00 +36%
2:47 | HappyTrading AMZN ($185.70) Sold to Close 04C185 Apr 185 calls, at $3.80 +1%
12:12 | HappyTrading CLF ($101.10) Sold to Close 04C100 Apr 100 calls, at $3.00 +25%
07:25 | HappyTrading DECK ($89.20) Sold to Close 04C85 Apr 85 calls, at $5.20 +30%
12:04 | HappyTrading MCP ($66.30) Sold to Close 04C60 Apr 60 calls, at $7.30 +135%
07:40 | HappyTrading SOHU ($96.40) Sold to Close 04C90 Apr 90 calls, at $7.60 +69%
07:21 | HappyTrading SOHU ($95.00) Sold to Close 04C90 Apr 90 calls, at $6.50 +44%
07:04 | HappyTrading MCP ($64.50) Sold to Close 04C60 Apr 60 calls, at $5.80 +93%

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The market was very tentative today, although it tried once again to break out in the morning. With oil prices soaring and the federal government shutdown looming, we are back into mostly cash. I'll be back on Sunday with next week's Market Forecast.

Have a wonderful weekend!

Good night and HappyTrading! ™

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