May 2012 Monthly Wrap-Up: VRTX, GLD, NEM, CREE, LNKD, P, CF, GOOG, AAPL, RIG, NFLX

Posted on June 02, 2012 at 11:46 AM EDT

Friday’s jobs report torpedoed the market. Fewer jobs were created and the unemployment rate rose, albeit a little, for the first time in almost a year. Nasdaq tumbled 2.82% and SPX dropped 2.46%. We had a pretty good week though with most closing trades in the GR$$N, and catching some nice intraday trades on GLD [...]

Friday’s jobs report torpedoed the market. Fewer jobs were created and the unemployment rate rose, albeit a little, for the first time in almost a year. Nasdaq tumbled 2.82% and SPX dropped 2.46%. We had a pretty good week though with most closing trades in the GR$$N, and catching some nice intraday trades on GLD and NEM on Friday as gold popped $66. Our downside plays on LNKD and CREE also worked out well:

11:10 | Ecstatic Plays GLD ($158.10) Sold to Close 0608C155 Jun 155 calls, at $4.10 +86%
10:26 | Ecstatic Plays GLD ($157.50) Sold to Close 0608C155 Jun 155 calls, at $3.50 +56%
09:09 | HappyTrading NEM ($51.00) Sold to Close 0608C50 Jun 50 calls, at $1.75 +94%
08:34 | Ecstatic Plays FB ($27.00) Sold to Close 0608P28 Jun 28 put, at $1.75 +9%
08:10 | HappyTrading CREE ($24.45) Sold to Close 06P27 Jun 27 put, at $2.99 +76%
07:16 | Ecstatic Plays LNKD ($93.70) Sold to Close 0601P95 Jun 95 put, at $2.50 +61%
07:06 | Ecstatic Plays LNKD ($94.00) Sold to Close 0601P95 Jun 95 put, at $2.45 +58%
10:59 | Ecstatic Plays AAPL ($576.60) Sold to Close 06C690 Jun 590 calls, at $8.60 +8%
07:18 | HappyTrading WYNN ($105.50) Sold to Close 06C105 Jun 105 calls, at $4.00 +7%
06:37 | Ecstatic Plays AMZN ($212.80) Sold to Close 0601P215 May 215 put, at $4.45 -2%

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For the rest of the month, things worked out pretty well. Downside plays on NFLX, CMI, LNKD, GS, RIG, and SLV all reaped handsome rewards. We also traded on the longside, catch a +1185% win on VRTX and some quick trades on AAPL, GOOG, and CF:

06:45 | Ecstatic Plays P ($11.94) Sold to Close 06C10 Jun 10 calls, at $2.00 +82%
06:44 | Ecstatic Plays AAPL ($571.50) Sold to Close 0525C565 May 565 calls, at $9.00 +13%
06:40 | HappyTrading CF ($168.00) Sold to Close 0525C165 May 165 calls, at $4.40 +65%
07:07 | Ecstatic Plays NFLX ($70.30) Sold to Close 0525P70 May 70 put, at $1.93 -29%
12:08 | HappyTrading SHLD ($57.00) Sold to Close 06C55 Jun 55 calls, at $4.50 +29%
10:19 | Ecstatic Plays CRM ($151.00) Sold to Close 0525C145 May 145 calls, at $6.85 +29%
10:17 | HappyTrading APA ($82.70) Sold to Close 06C82.5 Jun 83 calls, at $2.90 -17%
09:55 | HappyTrading SHLD ($57.20) Sold to Close 06C55 Jun 55 calls, at $4.50 +29%
08:04 | Ecstatic Plays CRM ($151.30) Sold to Close 0525C145 May 125 calls, at $7.10 +34%
09:22 | HappyTrading AAPL ($552.80) Sold to Close 0525C545 May 545 calls, at $12.20 +44%
07:45 | HappyTrading AAPL ($549.00) Sold to Close 0525C545 May 545 calls, at $10.00 +18%
12:57 | Ecstatic Plays AMZN ($213.50) Sold to Close 0525P215 May 215 put, at $5.35 +10%
12:56 | HappyTrading LNKD ($98.20) Sold to Close 0525P100 May 100 put, at $4.60 +21%
08:56 | HappyTrading AAPL ($532.50) Sold to Close 0525C545 May 545 calls, at $5.00 -33%
06:55 | HappyTrading VMW ($99.85) Sold to Close 05P100 May 100 put, at $0.90 -49%
12:42 | Ecstatic Plays LNKD ($105.50) Sold to Close 05C115 May 115 calls, at $0.25 -87%
06:51 | HappyTrading NFLX ($73.00) Sold to Close 05P75 May 75 put, at $2.72 +39%
06:38 | HappyTrading GOOG ($637.30) Sold to Close 05C630 May 630 calls, at $10.20 +67%
11:31 | Ecstatic Plays AAPL ($546.00) Sold to Close 05P550 May 550 put, at $7.40 +31%
11:15 | Ecstatic Plays AAPL ($546.30) Sold to Close 05P550 May 550 put, at $7.10 +26%
09:27 | Ecstatic Plays BIDU ($123.50) Sold to Close 05C125 May 125 calls, at $0.83 -50%
07:25 | HappyTrading LULU ($71.00) Sold to Close 05P70 May 70 put, at $0.82 -18%
12:55 | Ecstatic Plays AAPL ($551.80) Sold to Close 05P555 May 555 put, at $7.30 +64%
12:38 | Ecstatic Plays AAPL ($553.70) Sold to Close 05P555 May 555 put, at $7.00 +57%
12:35 | HappyTrading AAPL ($553.40) Sold to Close 05P555 May 555 put, at $6.35 +43%
11:07 | HappyTrading GILD ($52.10) Sold to Close 05C52.5 May 53 calls, at $0.38 -58%
10:21 | Ecstatic Plays SOHU ($44.50) Sold to Close 05P45 May 45 put, at $1.30 0%
07:00 | Ecstatic Plays RIG ($44.20) Sold to Close 05P47.5 May 48 put, at $3.35 +68%
06:53 | HappyTrading ESRX ($54.40) Sold to Close 05P52.5 May 53 put, at $0.17 -80%
06:51 | HappyTrading MA ($415.30) Sold to Close 05P420 May 420 put, at $7.50 +21%
06:42 | Ecstatic Plays AAPL ($557.60) Sold to Close 05P560 May 560 put, at $7.65 +15%
12:56 | HappyTrading MA ($415.10) Sold to Close 05P420 May 420 put, at $8.00 +29%
12:51 | Ecstatic Plays AAPL ($558.30) Sold to Close 05P560 May 560 put, at $7.75 +17%
12:50 | Ecstatic Plays RIG ($44.20) Sold to Close 05P47.5 May 48 put, at $3.40 +71%
12:15 | Ecstatic Plays RIG ($44.40) Sold to Close 05P47.5 May 48 put, at $3.25 +63%
07:43 | HappyTrading GS ($100.00) Sold to Close 05P105 May 105 put, at $5.35 +78%
07:36 | HappyTrading GS ($100.00) Sold to Close 05P105 May 105 put, at $5.40 +80%
12:43 | Ecstatic Plays GOOG ($608.00) Sold to Close 05C620 May 620 calls, at $3.00 -48%
10:26 | HappyTrading AAPL ($569.30) Sold to Close 05C580 May 580 calls, at $3.30 -49%
12:42 | Ecstatic Plays FFIV ($124.00) Sold to Close 0511P125 May 125 put, at $1.80 +16%
09:47 | Ecstatic Plays VMW ($101.10) Sold to Close 05P100 May 100 put, at $1.95 +5%
09:45 | HappyTrading CTXS ($79.00) Sold to Close 05P80 May 80 put, at $2.55 +28%
07:32 | HappyTrading GOOG ($611.00) Sold to Close 05C620 May 620 calls, at $4.80 -29%
07:31 | HappyTrading GOOG ($610.95) Sold to Close 05C620 May 620 calls, at $5.80 -13%
07:14 | HappyTrading AAPL ($572.70) Sold to Close 05C580 May 580 calls, at $6.50 -10%
09:32 | HappyTrading AAPL ($570.00) Sold to Close 05C580 May 580 calls, at $6.20 -9%
09:16 | HappyTrading FAS ($94.00) Sold to Close 0511P95 May 95 put, at $2.60 -20%
08:51 | Ecstatic Plays BIDU ($125.20) Sold to Close 0511P125 May 125 put, at $1.50 -29%
07:30 | HappyTrading SLV ($28.03) Sold to Close 05P29.5 May 30 put, at $1.56 +111%
12:50 | HappyTrading VRTX ($63.80) Sold to Close 05C38 May 38 calls, at $25.70 +1185%
12:49 | HappyTrading GOOG ($614.80) Sold to Close 0511C610 May 610 calls, at $8.70 +47%
12:36 | HappyTrading GOOG ($615.50) Sold to Close 0511C610 May 610 calls, at $9.10 +54%
12:23 | HappyTrading GOOG ($612.70) Sold to Close 0511C610 May 610 calls, at $7.50 +27%
11:19 | HappyTrading AAPL ($562.80) Sold to Close 0511P555 May 555 put, at $3.80 -21%
11:01 | HappyTrading AAPL ($562.80) Sold to Close 0511P555 May 555 put, at $4.80 +26%
10:19 | Ecstatic Plays CMG ($397.90) Sold to Close 0511P400 May 400 calls, at $6.10 +17%
08:28 | HappyTrading AMZN ($219.00) Sold to Close 0511P220 May 220 put, at $3.50 +3%
07:39 | HappyTrading LNKD ($102.90) Sold to Close 0511P105 May 105 put, at $4.60 +156%
07:35 | HappyTrading LNKD ($103.70) Sold to Close 0511P105 May 105 put, at $3.70 +106%
11:22 | HappyTrading VRTX ($56.30) Sold to Close 05C38 May 38 calls, at $18.40 +820%
11:08 | Ecstatic Plays CMI ($105.40) Sold to Close 05P110 May 110 put, at $5.85 +102%
09:23 | HappyTrading VRTX ($54.60) Sold to Close 05C38 May 38 calls, at $16.50 +725%
09:06 | HappyTrading CMI ($105.60) Sold to Close 05P110 May 110 put, at $5.70 +97%
07:28 | Ecstatic Plays NFLX ($72.80) Sold to Close 0511P75 May 75 put, at $3.60 +101%
07:27 | HappyTrading GS ($109.65) Sold to Close 05P110 May 110 put, at $2.35 +42%
07:17 | Ecstatic Plays NFLX ($73.40) Sold to Close 0511P75 May 75 put, at $3.25 +82%
07:09 | HappyTrading GS ($109.90) Sold to Close 05P110 May 110 put, at $2.20 +33%
09:03 | Ecstatic Plays AAPL ($585.00) Sold to Close 05C620 May 620 calls, at $2.25 -73%
09:01 | Ecstatic Plays SWKS ($26.65) Sold to Close 05C25 May 25 calls, at $2.05 +14%
06:34 | Ecstatic Plays WYNN ($137.70) Sold to Close 0504C135 May 135 calls, at $3.90 +42%
06:32 | Ecstatic Plays WYNN ($137.60) Sold to Close 0504C135 May 135 calls, at $3.90 +42%
11:47 | HappyTrading OPEN ($45.15) Sold to Close 05C45 May 45 calls, at $3.20 +10%
09:46 | HappyTrading OPEN ($45.75) Sold to Close 05C45 May 45 calls, at $3.60 +24%
07:41 | HappyTrading NOV ($76.70) Sold to Close 05P75 May 75 put, at $1.16 -51%
07:09 | HappyTrading GLD ($161.40) Sold to Close 0504C161 May 161 calls, at $1.17 -13%
08:21 | HappyTrading AIG ($34.60) Bought to Open 05C35 May 35 calls, at $0.96 EXPIRED
09:42 | HappyTrading CRUS ($27.75) Bought to Open 05C27 May 27 calls, at $1.60 EXPIRED
12:05 | Ecstatic Plays DNDN ($11.80) Bought to Open 05C12 May 12 calls, at $1.05 EXPIRED
12:20 | Ecstatic Plays CRM ($134.50) Bought to Open 05P125 May 125 put, at $3.25 EXPIRED

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The world financial markets continue to be troubled by the crisis in Europe. Now, it seems both the US and China are also slowing down. Next week, we’ll hear from the Fed. Talks about QE3 is once again alive. I’ll be back tomorrow evening to take a closer look at the broader market and individual sectors in my weekly Market Forecast.

Have a wonderful weekend and HappyTrading! ™

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