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June 2010 Monthly Wrap: GOOG, AMZN, CMG, GLD, V, EOG, BHP

|Includes: AMZN, BHP, CMG, EOG, GLD, Alphabet, Inc. Cl C (GOOG), V

This year is going by so fast!  Already, we are into the 3rd quarter!  June was a very volatile month.  We saw the market bounce 2 weeks straight to start out; then, a quick 180-degree downturn for 2 weeks to end the month!  We traded accordingly and played  both sides.  We still came away with some pretty stellar trades.  Here are the closed trades with profits above +50% highlighted:

July 01, 2010
12:11 | HappyTrading CMG ($138.80) Sold to Close 07P140 Jul 140 put, at $5.50 +53%
12:09 | HappyTrading AMZN ($110.80) Sold to Close 07P105 Jul 105 put, at $2.14 +53%
11:44 | HappyTrading AAPL ($247.50) Bought to Open 07P140 Jul 140 put, at $5.55 (closed)
10:34 | HappyTrading AAPL ($248.80) Sold to Close 07P240 Jul 240 put, at $5.25 +14%
08:39 | HappyTrading AAPL ($428.80) Sold to Close 07P240 Jul 240 put, at $5.40 +17%
07:20 | HappyTrading AMZN ($108.60) Bought to Open 07P105 Jul 105 puts, at $2.80 (rolled from 110 puts; effective cost $1.4; closed)

June 30, 2010
12:58 | HappyTrading CMG ($136.80) Sold to Close 07P140 Jul 140 put, at $6.60 +83% 
12:46 | HappyTrading AAPL ($250.80) Bought to Open 07P240 Jul 240 put, at $4.60 (closed)
12:23 | HappyTrading AMZN ($110.30) Sold to Close 07P110 Jul 110 put, at $4.20 (moved to 105 puts; see 7/1)
11:07 | HappyTrading NFLX ($110.90) Bought to Open 07P100 Jul 100 put, at $1.90 (partially out)

June 29, 2010
12:35 | HappyTrading AMZN ($106.80) Sold to Close 07P110 Jul 110 put, at $6.20 +82%
09:02 | HappyTrading AMZN ($112.20) Bought to Open 07P110 Jul 110 put, at $3.40 (closed)
06:40 | HappyTrading MLM ($85.50) Bought to Open 07P85 Jul 85 put, at $2.50 (open)
06:39 | HappyTrading CMG ($143.80) Bought to Open 07P140 Jul 140 put, at $3.60 (closed)

June 28, 2010
10:10 | HappyTrading GOOG ($472.70) Sold to Close 07C510 Jul 510 calls, at $3.20 -65%
08:56 | HappyTrading NEM ($61.25) Sold to Close 07C60 Jul 60 calls, at $2.67 -2%
08:34 | HappyTrading NEM ($61.90) Sold to Close 07C60 Jul 60 calls, at $3.10 +14%
08:30 | HappyTrading GOOG ($475.30) Bought to Open 07C510 Jul 510 calls, at $4.00 (closed)

June 25, 2010
12:18 | HappyTrading GOOG ($474.30) Sold to Close 07C510 Jul 510 calls, at $4.40 (closed; reopened on 6/28)
12:00 | HappyTrading GS ($140.30) Sold to Close 07C140 Jul 140 calls, at $4.55 +17%
11:52 | HappyTrading GOOG ($476.70) Bought to Open 07C510 Jul 510 calls, at $4.80 (closed)
11:32 | HappyTrading GS ($140.00) Sold to Close 07C140 Jul 140 calls, at $4.35 +12%
11:26 | HappyTrading CMG ($147.70) Sold to Close 07P140 Jul 140 put, at $2.75 -29%
10:51 | HappyTrading GS ($139.20) Bought to Open 07C140 Jul 140 calls, at $3.90 (closed)
07:14 | HappyTrading NEM ($60.20) Bought to Open 07C60 Jul 60 calls, at $2.18 (closed)
06:52 | HappyTrading CMG ($143.40) Bought to Open 07P140 Jul 140 put, at $3.90 (closed)

June 24, 2010
12:53 | HappyTrading NEM ($59.10) Sold to Close 07C60 Jul 60 calls, at $1.70 -24%
12:44 | HappyTrading WYNN ($86.25) Sold to Close 07C85 Jul 85 calls, at $4.75 +2% 
08:42 | HappyTrading NEM ($60.00) Bought to Open 07C60 Jul 60 calls, at $2.25 (closed)
07:09 | HappyTrading WYNN ($87.60) Sold to Close 06C85 Jul 85 calls, at $5.50 +18%

June 23, 2010
07:15 | HappyTrading RIG ($52.75) Sold to Close 07C50 Jul 50 calls, at $5.15 +18%

June 22, 2010
07:56 | HappyTrading GOOG ($495.00) Bought to Open 07C510 Jul 510 calls, at $9.80 (closed)

June 21, 2010
10:56 | HappyTrading V ($82.90) Sold to Close 07C80 Jul 80 calls, at $5.10 +104%
10:39 | HappyTrading V ($80.10) Sold to Close 07C80 Jul 80 calls, at $3.30 +25%
10:28 | HappyTrading V ($79.20) Bought to Open 07C80 Jul 80 calls, at $2.65 (closed)
08:34 | HappyTrading RIG ($54.50) Sold to Close 07C50 Jun 50 calls, at $6.50 +49%
08:31 | HappyTrading RIG ($54.50) Sold to Close 06C50 Jun 50 calls, at $5.50 +26%
07:41 | HappyTrading CLF ($59.50) Bought to Open 07C60 Jul 60 calls, at $2.90 (open)

June 18, 2010
11:16 | HappyTrading AMLN ($19.45) Bought to Open 07C19 Jul 19 calls, at $1.35 (open)
10:59 | HappyTrading GLD ($123.00) Sold to Close 06C120 Jul 120 calls, at $3.00 +50%
07:34 | HappyTrading WYNN ($85.60) Bought to Open 07C85 Jul 85 calls, at $4.65 (closed)
07:28 | HappyTrading GLD ($123.05) Sold to Close 06C120 Jun 120 calls, at $3.05 +53%
07:12 | HappyTrading RIG ($51.30) Bought to Open 07C50 Jul 50 calls, at $4.35 (closed)

June 17, 2010
12:13 | HappyTrading CRM ($96.80) Sold to Close 06C95 Jun 95 calls, at $2.25 -10%
11:02 | HappyTrading CRM ($97.00) Bought to Open 06C95 Jun 95 calls, at $2.50 (closed)
10:25 | HappyTrading FDX ($78.00) Sold to Close 06P80 Jun 80 put, at $2.10 +27%
07:14 | HappyTrading GLD ($121.85) Bought to Open 06C120 Jun 120 calls, at $2.00 (closed)

June 16, 2010
12:54 | HappyTrading FDX ($78.00) Sold to Close 06P80 Jun 80 put, at $2.20 +33%
12:19 | HappyTrading GOLD ($91.80) Sold to Close 06C90 Jun 90 calls, at $2.25 +7%
12:18 | HappyTrading FDX ($78.65) Bought to Open 06P80 Jun 80 put, at $1.65 (closed)
12:06 | HappyTrading GOOG ($502.40) Sold to Close 06C500 Jun 500 calls, at $5.80 +129%
09:26 | HappyTrading GOOG ($503.40) Sold to Close 06C500 Jun 500 calls, at $6.50 +157%
08:10 | HappyTrading GOLD ($91.45) Bought to Open 06C90 Jun 90 calls, at $2.10 (closed)

June 15, 2010
11:38 | HappyTrading GOOG ($499.30) Sold to Close 06C500 Jun 500 calls, at $5.00 +98%
11:00 | HappyTrading GOOG ($497.30) Sold to Close 06C500 Jun 500 calls, at $4.20 +66%
07:45 | HappyTrading GOOG ($488.50) Bought to Open 06C500 Jun 500 calls, at $2.10 (added 1x; avg cost; $2.53; closed)
07:15 | HappyTrading GOOG ($487.50) Bought to Open 06C500 Jun 500 calls, at $1.80 (added 1x; closed)
06:57 | HappyTrading GOOG ($487.00) Bought to Open 06C500 Jun 500 calls, at $1.70 (reopened avg cost $3.7; closed)

June 14, 2010
12:30 | HappyTrading EOG ($109.50) Sold to Close 06C105 Jun 105 calls, at $5.20 +79%
08:19 | HappyTrading BP ($31.60) Sold to Close 06P30 Jun 30 put, at $1.38 +7%
07:29 | HappyTrading BP ($31.30) Bought to Open 06P30 Jun 30 put, at $1.29 (closed)
07:18 | HappyTrading GOOG ($492.30) Bought to Open 06C500 Jun 500 calls, at $3.80 (closed; reopened on 5/14)

June 11, 2010
10:59 | HappyTrading AKAM ($43.85) Sold to Close 06C42 Jun 42 calls, at $2.32 +16%
07:42 | HappyTrading BHP ($65.35) Sold to Close 06C60 Jun 60 calls, at $5.70 +97%
06:41 | HappyTrading CLF ($55.10) Sold to Close 06C50 Jun 50 calls, at $5.50 +29%
 
June 10, 2010
12:57 | HappyTrading CLF ($54.80) Sold to Close 06C50 Jun 50 calls, at $5.30 +25%
09:09 | HappyTrading GS ($132.80) Sold to Close 06P135 Jun 135 put, at $5.10 +20%
09:06 | HappyTrading GS ($134.00) Bought to Open 06P135 Jun 135 put, at $4.25 (closed)
07:01 | HappyTrading BHP ($65.68) Sold to Close 06C60 Jun 60 calls, at $6.00 +107%
06:53 | HappyTrading CLF ($43.45) Bought to Open 06C50 Jun 50 calls, at $4.25 (closed)
06:47 | HappyTrading AKAM ($43.00) Bought to Open 06C42 Jun 42 calls, at $2.00 (closed)

June 08, 2010
12:52 | HappyTrading BHP ($61.40) Bought to Open 06C60 Jun 60 calls, at $2.90 (closed)
12:37 | HappyTrading EOG ($104.70) Bought to Open 06C105 Jun 105 calls, at $2.90 (closed)
12:31 | HappyTrading GLD ($120.80) Sold to Close 06C118 Jun 118 calls, at $3.65 +63%
11:55 | HappyTrading RIG ($46.00) Sold to Close 06P45 Jun 45 put, at $2.20 -24%
11:45 | HappyTrading RIG ($46.00) Sold to Close 06P45 Jun 45 put, at $2.90 +32%
08:43 | HappyTrading GLD ($121.72) Sold to Close 06C118 Jun 115 calls, at $4.25 +90%
07:16 | HappyTrading RIG ($44.90) Bought to Open 06P45 Jun 45 put, at $2.90 (closed)
07:12 | HappyTrading GLD ($122.12) Sold to Close 06C118 Jun 118 calls, at $4.60 +105%

June 07, 2010
11:46 | HappyTrading RIMM ($56.75) Bought to Open 06P55 Jun 55 put, at $1.20 (EXPIRED)
10:36 | HappyTrading NFLX ($111.90) Sold to Close 06P105 Jun 105 puts, at $2.70 -29%
07:52 | HappyTrading GS ($141.30) Sold to Close 06C145 Jun 145 calls, at $2.70 -49%

June 04, 2010
11:10 | HappyTrading NFLX ($108.50) Bought to Open 06P105 Jun 105 put, at $3.80 (closed)
09:06 | HappyTrading GLD ($118.80) Bought to Open 06C118 Jun 118 calls, at $2.24 (closed)
09:03 | HappyTrading JOYG ($53.00) Sold to Close 06C50 Jun 50 calls, at $4.40 +19%
08:03 | HappyTrading UAUA ($21.84) Sold to Close 06C21 Jun 21 calls, at $1.60 +25%
07:13 | HappyTrading EOG ($109.20) Sold to Close 06C110 Jun 110 calls, at $3.50 +6%

June 03, 2010
12:38 | HappyTrading APOL ($52.70) Sold to Close 06P50 Jun 50 put, at $1.34 -28%
11:37 | HappyTrading EOG ($108.90) Bought to Open 06C110 Jun 110 calls, at $3.30 (closed)
10:26 | HappyTrading UAUA ($22.00) Sold to Close 06C21 Jun 21 calls, at $1.71 +34%
06:36 | HappyTrading JOYG ($57.30) Sold to Close 06C50 Jun 50 calls, at $8.00 +116%

June 02, 2010
11:51 | HappyTrading JOYG ($51.80) Bought to Open 06C50 Jun 50 calls, at $3.70 (closed)
08:37 | HappyTrading GS ($143.30) Bought to Open 06C145 Jun 145 calls, at $4.20 (closed)
08:28 | HappyTrading UAUA ($21.15) Bought to Open 06C21 Jun 21 calls, at $1.28 (closed)
08:13 | HappyTrading OIH ($93.00) Sold to Close 06P89.1 Jun 89 put, at $2.90 +4%

June 01, 2010
12:55 | HappyTrading APOL ($52.60) Bought to Open 06P50 Jun 50 put, at $1.85 (closed)
12:48 | HappyTrading OIH ($90.00) Sold to Close 06P89.1 Jun 89 put, at $4.30 +54%
12:47 | HappyTrading NEM ($55.20) Sold to Close 05C55 Jun 55 calls, at $1.95 -7%
08:45 | HappyTrading ICE ($116.70) Sold to Close 06C115 Jun 115 calls, at $5.20 -22%
07:50 | HappyTrading NEM ($55.50) Bought to Open 06C55 Jun 55 calls, at $2.10 (closed)
07:46 | HappyTrading OIH ($93.50) Bought to Open 06P89.1 Jun 89 put, at $2.80 (closed)

One thing that I do want to make a note of is that I'm seeing a lot of members buying at the "asking" price, or even with "market orders".  In this volatile environment, things move up and down a lot.  Most likely, if you place a limit order with a bid price, either at my published price or lower, you'll be able to fill your trade.  You can re-adjust your order if things start to run away from you; or, you can just let that trade go.  There are plenty of trades to come.  Chasing trades is very dangerous in a volatile market environment.

Another thing is to really know your own comfort zone.  One way to stay within your comfort zone is to know how many trades you can effectively handle.  Have too many open trades at one time can be hard to handle when things are volatile, and can easily get you off your game.  When you get emotionally off-centered (ie. nervous or stressed), you're more likely to make the wrong decisions.  Especially if you're new to options trading, you should not feel that you have to trade every published trades.  Really learn to know how many open trades you feel comfortable with.  Trading is as much knowing the market as knowing yourself.

Hope you're enjoying your long weekend.  Remember, Monday 7/5 is a market holiday.  I'll be back with my weekly Market Forecast on Monday.

Good night and HappyTrading! ™