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7/16/10 Weekly Wrap: BP, GOOG, ISRG

|Includes: BP p.l.c. (BP), GOOG, ISRG

It was another range-bound and, yet, volatile week.  We didn't publish a whole lot of trades, but, traded actively in the Trading Room.  Two, in particular, gave us really nice returns.  One is GOOG from early in the week, with gains as high as +189%.  The other is ISRG with a +233% profit. (see ISRG case study)  BP offered us some good opportunities.  Here are the closed trades:

July 16, 2010
07:08 | HappyTrading MLM ($83.70) Sold to Close 07P85 Jul 85 put, at $1.50 -40%
06:49 | HappyTrading BP ($38.20) Sold to Close 07C36 Jul 36 calls, at $2.20 +47%

July 15, 2010
12:56 | HappyTrading BP ($39.40) Sold to Close 07C36 Jul 36 calls, at $3.50 +133%
12:42 | HappyTrading POT ($98.10) Sold to Close 07C95 Jul 95 calls, at $3.30 +22%
12:34 | HappyTrading POT ($97.90) Sold to Close 07C95 Jul 95 calls, at $3.10 +15%
08:07 | HappyTrading AIG ($36.55) Sold to Close 07C37 Jul 37 calls, at $0.40 -60%

July 13, 2010
08:48 | HappyTrading BP ($36.70) Sold to Close 07C35 Jul 35 calls, at $2.20 +29%

Our trades on CLF, FSLR, and AMLN expired and will be included in the Monthly Wrap for July.

I'll be back later on this evening with my weekly Market Forecast.

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