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Weekly Wrap 1/22/2010

|Includes: F5 Networks, Inc. (FFIV), FSLR, GS

What a crazy week!  With China trying to prevent a bubble in its economy and President Obama's potential bank regulations, investors were in a foul mood!  This morning, our members were look for trades on the long side and discussing whether we'd get a bounce today.  I said, in our Trading Room,

January 22, 2010 7:46 AM
I think we'll go back down today after an intraday bounce... long side trades will have to be quick...

Indeed, the market did bounce, but, then reversed back down to close near the day low!

We didn't trade too much this week, but, still did very well!  Here are the closed trades:
January 22, 2010
11:42 | HappyTrading GS ($155.05) Sold to Close GPYNJ Feb 150 put, at $4.00 +23%

January 21, 2010
12:55 | HappyTrading FFIV ($54.60) Sold to Close FLKBJ Feb 50 calls, at $5.10 +22%
08:52 | HappyTrading FFIV ($54.90) Sold to Close FLKBJ Feb 50 calls, at $5.40 +29%
08:34 | HappyTrading FFIV ($54.50) Sold to Close FLKBJ Feb 50 calls, at $5.10 +22%

January 19, 2010
09:19 | HappyTrading FSLR ($124.00) Sold to Close QHBNE Feb 125 put, at $7.20 -15%

We would have had +100% green again if we didn't get shaken out of our FSLR puts!  I'll be back on Sunday with my weekly Market Forecast.  Have a great weekend!

Good night and HappyTrading! ™



Disclosure: position: none