Happy Easter! Weekly Wrap-Up 4/24/2011: YOKU, SOHU, DANG, SLV

Apr. 24, 2011 2:04 PM ETYOKU, SOHU, DANG, SLV

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Happy Easter!

So far, earnings reports have been strong and have helped to push the markets higher. Silver and gold continue to make new highs, closing the week with gold above $1500 and silver closing in on $47!

We had another good week with most trades in the GR$$N. We scored big on the Chinese internet plays. We were late on the silver play as it kept on rising with no pullbacks. Still, we walked away with a +72% gain:

10:48 | HappyTrading EDU ($117.80) Sold to Close 05C120 May 120 calls, at $4.30 +5%
07:39 | HappyTrading SLV ($44.75) Sold to Close 05C43 May 43 calls, at $3.05 +72%
08:35 | HappyTrading SLV ($44.00) Sold to Close 05C43 May 43 calls, at $2.44 +38%
10:37 | HappyTrading FCX ($51.25) Sold to Close 0421P50 Apr 50 put, at $0.62 -27%
10:08 | HappyTrading ESI ($65.60) Sold to Close 05P65 May 65 calls, at $3.60 +3%
09:19 | HappyTrading GS ($150.15) Sold to Close 05P150 May 150 put, at $4.00 +14%
07:34 | HappyTrading DANG ($23.40) Sold to Close 05C20 May 20 calls, at $4.00 +105%
07:31 | HappyTrading YOKU ($68.00) Sold to Close 05C65 May 65 calls, at $6.20 +38%
07:28 | HappyTrading SOHU ($100.70) Sold to Close 05C100 May 100 calls, at $7.40 +76%
07:18 | HappyTrading DANG ($23.10) Sold to Close 05C20 May 20 calls, at $3.60 +85%
07:15 | HappyTrading YOKU ($68.70) Sold to Close 05C65 May 65 calls, at $6.50 +44%
07:14 | HappyTrading SOHU ($101.70) Sold to Close 05C100 May 100 calls, at $7.80 +86%

Hope you're enjoying a nice Easter weekend, perhaps catching a little NBA Playoff action? I was in Topanga, California for Earth Day 2011 yesterday. Lots of festivities to celebrate, honor the planet that we live on, and to bring higher awareness of greener living. If you're in Los Angeles, stop by and check it out!

I'll be back this evening with my Market Forecast for the coming week. Stay tuned...

Happy Easter Sunday and HappyTrading! ™

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