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Weekly Wrap 8/6/10: GOOG, GS, CLF, LVS, FSLR, POT, BP

|Includes: BP, CLF, FSLR, Alphabet Inc. (GOOG), GS, LVS, NTR

The market managed another winning week, through some mixed economic data.  Friday's unemployment report was disappointing, and yet, somehow, the market made it through with a minor slip. 

We traded this week beautifully and ended with 100% of our trades in the GR$$N.  We locked in profits on Monday and Wednesday; stayed light on Thursday, and, cashed out our long positions after see the unemployment report.  We even manged to do some quick scalps on the downside with POT puts on Friday.  Here are the closed trades for the week:

August 06, 2010
11:22 | HappyTrading POT ($112.10) Sold to Close 08P115 Aug 115 puts, at $5.00 +10%
08:02 | HappyTrading POT ($113.50) Sold to Close 08P115 Aug 115 puts, at $4.20 +6%
07:42 | HappyTrading BP ($41.20) Sold to Close 08C40 Aug 40 calls, at $2.03 +22%
07:31 | HappyTrading FSLR ($129.00) Sold to Close 08C130 Aug 130 calls, at $3.60 +9%
07:30 | HappyTrading GS ($155.90) Sold to Close 08C150 Aug 150 calls, at $6.90 +33%
07:19 | HappyTrading GOOG ($503.70) Sold to Close 08C500 Aug 500 calls, at $11.50 +98%

August 04, 2010
12:37 | HappyTrading CLF ($62.40) Sold to Close 08C60 Aug 60 calls, at $3.95 +49%
12:34 | HappyTrading GS ($157.00) Sold to Close 08C150 Aug 150 calls, at $8.05 +55%
12:19 | HappyTrading GOOG ($506.20) Sold to Close 08C500 Aug 500 calls, at $13.50 +133%
12:09 | HappyTrading GS ($156.48) Sold to Close 08C150 Aug 150 calls, at $7.70 +48%
11:25 | HappyTrading FSLR ($131.15) Sold to Close 08C130 Aug 130 calls, at $5.25 +59%
11:03 | HappyTrading GOOG ($504.20) Sold to Close 08C500 Aug 500 calls, at $12.00 +107%
08:00 | HappyTrading GOOG ($449.92) Sold to Close 08C500 Aug 500 calls, at $9.50 +64%
07:05 | HappyTrading LVS ($28.38) Sold to Close 08C25 Aug 25 calls, at $3.60 +31%

August 02, 2010
12:40 | HappyTrading CLF ($60.65) Sold to Close 08C60 Aug 60 calls, at $3.20 +21%
12:38 | HappyTrading LVS ($28.10) Sold to Close 08C25 Aug 25 calls, at $3.35 +22%

This market has certainly made a lot of movements in these past couple of months.  But, still, it is trading within a range.  I'll be back tomorrow with my weekly Market Forecast to take a closer look at the market's latest developments.

Hope you're enjoying your weekend!

Happy Saturday and HappyTrading! ™