It was another volatile week with a tight trading range. AAPL had $40-$50 swings 3 times during one week trading, up-and-down quickly between $570 and $620. We traded on both sides with mixed results, but, had two triple-digit gainers: FFIV calls and PCLN puts, for +122% and +121% profit, respectively. Here are the closed trades for the week:
- 11:28 | HappyTrading WLT ($65.80) Sold to Close 0427C65 Apr 65 calls, at $2.65 -12%
- 11:13 | HappyTrading MA ($433.90) Sold to Close 04C440 Apr 440 calls, at $0.70 -81%
- 08:56 | HappyTrading IOC ($53.00) Sold to Close 05P50 May 50 put, at $3.30 +12%
- 07:15 | Ecstatic Plays UNH ($58.00) Sold to Close 04P57.5 Apr 58 put, at $0.20 -75%
- 06:50 | Ecstatic Plays VMW ($116.50) Sold to Close 04P110 Apr 110 put, at $0.15 -94%
- 06:45 | Ecstatic Plays FFIV ($136.70) Sold to Close 04C125 Apr 125 calls, at $11.75 +122%
- 07:06 | Ecstatic Plays NFLX ($107.50) Sold to Close 04C105 Apr 105 calls, at $3.50 +43%
- 12:49 | HappyTrading IBM ($207.10) Sold to Close 04C205 Apr 205 calls, at $4.10 +30%
- 12:32 | HappyTrading IBM ($207.00) Sold to Close 04C205 Apr 205 calls, at $4.05 +29%
- 06:52 | HappyTrading WYNN ($123.75) Sold to Close 04P125 Apr 125 put, at $2.70 -18%
- 06:45 | Ecstatic Plays AMZN ($187.50) Sold to Close 04P185 Apr 185 put, at $1.65 -50%
- 10:29 | HappyTrading GS ($116.20) Sold to Close 04P115 Apr 115 put, at $1.85 -26%
- 07:12 | Ecstatic Plays APC ($75.00) Sold to Close 04C75 Apr 75 calls, at $1.15 -54%
- 07:04 | HappyTrading PCLN ($715.00) Sold to Close 04P720 Apr 720 put, at $15.50 +121%
The market has been stuck in a range for 2 weeks now, and could either break down or break out next week. Earnings are heating up and could help finally determine a direction for the market. Commodity stocks are still weak and semiconductors took a big hit last week. We’ll have to take a much closer look tomorrow in my weekly Market Forecast.
We have been trading small in the volatile market. But, we may slow down our trades as well, if the market keeps trading in a tight range.
Good night and HappyTrading! ™ 
