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Another Solid Week! PCLN, GOLD

|Includes: BKNG, Randgold Resources Limited (GOLD)

It was a volatile week.  But, in the end, the market closed on a weak note.  We were very cautious about chasing longs after Monday's big jump.  We did catch some good trades on gold/gold miners.  Then, we waited to play puts, which produced a nice +111% profit in PCLN.  Here are the closed trades for the week:

May 14, 2010
12:59 | HappyTrading PCLN ($208.00) Sold to Close 05P210 May 210 put, at $6.50 +71%
12:52 | HappyTrading PCLN ($207.80) Sold to Close 05P210 May 210 put, at $6.70 +76%
12:30 | HappyTrading PCLN ($206.20) Sold to Close 05P210 May 210 put, at $8.00 +111%

May 13, 2010
12:53 | HappyTrading RIG ($67.00) Sold to Close 05P65 May 65 calls, at $1.58 +13%
12:18 | HappyTrading RIG ($66.89) Sold to Close 05P65 May 65 put, at $1.60 +14%

May 12, 2010
09:16 | HappyTrading CME ($330.50) Sold to Close 05C330 May 330 calls, at $6.30 -21%

May 11, 2010
12:44 | HappyTrading ICE ($120.70) Sold to Close 05C120 May 120 calls, at $3.50 -35%
10:17 | HappyTrading GOLD ($88.20) Sold to Close 05C85 May 85 calls, at $4.40 +38%
09:25 | HappyTrading GOLD ($88.40) Sold to Close 05C85 May 85 calls, at $4.50 +41%

May 10, 2010
12:56 | HappyTrading CME ($332.00) Sold to Close 05C330 May 330 calls, at $9.00 +6%

I'll be back on Sunday with my weekly Market Forecast.  Have a wonderful weekend, everyone!

Good night and HappyTrading! ™