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May 2011 Monthly Wrap-Up: IBM, PCP, MOS, WYNN

|Includes: International Business Machines Corporation (IBM), MOS, PCP, WYNN

Happy Memorial Day! 

May was not an easy trading month as commodity sectors took a quick and sharp fall, but, the broader market bounced violently around in a tight trading range.  We traded much less than April as the market was very volatile.  Here are the closed trades for the month:

10:54 | HappyTrading APA ($123.90) Sold to Close 06C125 Jun 125 calls, at $2.60 -7%
10:53 | HappyTrading FFIV ($105.50) Sold to Close 06C105 Jun 105 calls, at $3.90 +3%
12:13 | HappyTrading GLD ($148.85) Sold to Close 06C147 Jun 147 calls, at $3.30 +27%
12:12 | HappyTrading NEM ($56.00) Sold to Close 06C55 Jun 55 calls, at $2.04 +28%
11:10 | HappyTrading LVS ($39.80) Sold to Close 06P40 Jun 40 put, at $1.56 +26%
07:10 | HappyTrading VMW ($96.00) Sold to Close 05C95 May 95 calls, at $1.25 -69%
11:38 | HappyTrading VECO ($55.65) Sold to Close 06C55 Jun 55 calls, at $3.20 +28%
10:19 | HappyTrading AAPL ($340.00) Sold to Close 06C345 Jun 345 calls, at $6.30 +20%
08:44 | HappyTrading GLD ($146.03) Sold to Close 06P143 Jun 143 put, at $1.52 -39%
12:23 | HappyTrading IBM ($171.20) Sold to Close 05C170 May 170 calls, at $1.88 +71%
12:08 | HappyTrading IBM ($171.00) Sold to Close 05P170 May 170 calls, at $1.71 +55%
10:15 | HappyTrading PCP ($152.10) Sold to Close 05P155 May 155 put, at $3.30 +74%
09:05 | HappyTrading PCP ($152.40) Sold to Close 05P155 May 155 put, at $3.10 +63%
07:36 | HappyTrading SPY ($133.28) Sold to Close 05P135 May 135 calls, at $2.05 +21%
08:46 | HappyTrading IBM ($170.25) Sold to Close 05C170 May 170 calls, at $1.60 -31%
07:13 | HappyTrading MOS ($66.30) Sold to Close 05P70 May 70 put, at $4.30 +103%
11:48 | HappyTrading BIDU ($139.00) Sold to Close 05P140 May 140 put, at $3.90 +7%
11:36 | HappyTrading BIDU ($138.50) Sold to Close 05P140 May 140 put, at $4.20 +15%
09:13 | HappyTrading IBM ($168.95) Sold to Close 05C170 May 170 calls, at $1.11 -46%
09:03 | HappyTrading APA ($124.30) Sold to Close 05C130 May 130 calls, at $2.15 -50%
07:28 | HappyTrading WYNN ($150.95) Sold to Close 05C150 May 150 calls, at $3.70 +61%
12:42 | HappyTrading WYNN ($149.85) Sold to Close 05C150 May 150 calls, at $3.10 +35%
07:37 | HappyTrading GLD ($146.60) Sold to Close 05P148 May 148 put, at $2.86 +48%
11:41 | HappyTrading AAPL ($249.80) Bought to Open 05C360 May 360 calls, at $2.25 (EXPIRED)
11:10 | HappyTrading GLD ($147.35) Sold to Close 05P148 May 148 put, at $2.50 +30%
09:02 | HappyTrading LVS ($42.65) Sold to Close 05C45 May 45 calls, at $0.50 -83%
07:38 | HappyTrading MCP ($71.30) Sold to Close 05C80 May 80 calls, at $1.60 -57%
07:06 | HappyTrading NFLX ($226.20) Sold to Close 05P225 May 225 put, at $6.80 +24%
07:44 | HappyTrading AMZN ($199.90) Sold to Close 05C195 May 195 calls, at $7.90 +36%
10:32 | HappyTrading AAPL ($350.60) Bought to Open 05C360 May 360 calls, at $3.40 (EXPIRED)
10:04 | HappyTrading QIHU ($34.00) Bought to Open 05C35 May 35 calls, at $3.00 (EXPIRED)

We also have some leftover buyout speculative trades from April that did not turn out:
April 15, 2011
09:52 | HappyTrading BSCI ($28.60) Bought to Open 05C29 May 29 calls, at $1.25 (EXPIRED)
09:49 | HappyTrading BCSI ($28.50) Bought to Open 05C30 May 30 calls, at $0.78 (EXPIRED)
April 13, 2011
07:35 | HappyTrading HGSI ($29.90) Bought to Open 05C30 May 30 calls, at $1.85 (EXPIRED)

Global markets are still very jittery, watching over Greek debt problems.  We'll take a closer look at how things are for the US market.  I'll be back later this evening with next week's Market Forecast.

Hope you're enjoying a long weekend!

HappyTrading! ™

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