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Weekly Wrap-Up 12/3/2011: GOOG, IBM, GLD, AAPL, V, GS

|Includes: AAPL, GLD, Alphabet Inc. (GOOG), GS, IBM, V

What a week it was for the market!  It was a "1-2-punch-and-a-light-uppercut' kind of week!  On Monday, encouraging news came out of Europe as Germany and France discussed new policies to keep the Eurozone together.  On Wednesday, global central banks sent a loud, cohesive, and positive message to the global markets by increasing liquidity.  On Friday, the US employment rate fell below 9%, to 8.6%.  Although 8.6% unemployment rate is nothing to brag about, it sure beats seeing the unemployment rate staying above 9% month after month!

US stock market had its best week since 2009!  We were perhaps a little too cautious in our plays, but, still came away with another perfect week and 100% of the trades being profittable.  Here are the closed trades:

  • December 01, 2011
  • 11:49 | HappyTrading IBM ($189.94) Sold to Close 12C190 Dec 190 calls, at $3.30 +74%
  • 11:44 | HappyTrading SNDK ($49.75) Sold to Close 12C48 Dec 48 calls, at $2.88 +29%
  • November 30, 2011
  • 10:32 | HappyTrading GLD ($170.00) Sold to Close 12C168 Dec 168 calls, at $4.20 +42%
  • November 29, 2011
  • 07:21 | HappyTrading AAPL ($378.50) Sold to Close 1202C375 Dec 375 calls, at $6.20 +32%
  • November 28, 2011
  • 12:18 | HappyTrading V ($92.89) Sold to Close 1202C92.5 Dec 93 calls, at $1.43 +19%
  • 12:17 | HappyTrading AAPL ($374.20) Sold to Close 1202C370 Dec 370 calls, at $7.40 +7%
  • November 23, 2011
  • 08:39 | HappyTrading GS ($87.70) Sold to Close 1125P90 Nov 90 put, at $2.80 +12%

In our Ecstatic Plays, we scored an overnight +157% trade on GOOG weekly calls:

  • December 01, 2011
  • 06:45 | Ecstatic Plays GOOG ($605.00) Sold to Close 1202C600 Dec 600 calls, at $7.20 +157%

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I'll be back on Sunday evening to discuss the market's outllok for next week in my weekly Market Forecast.  Perhaps, we are going to have a holiday rally after all?

Have a wonderful weekend and HappyTrading! ™

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