Well, the market struggled to find a clear direction this week. However, there are still plenty of good trading opportunities. The market basically ended flat for the week, but, we traded on both sides and captured another nice week!
We started with a +92% winner on FFIV calls that we held over the weekend. Then, we continued with PCLN calls, although we were a bit too cautious and cashed them out a day early. Puts on GLD (gold) got us an overnight +96% profit. Finally, we made some good trades on AAPL with both puts and calls to wrap up the week:
On Friday, the latest jobs data showed that the hiring dropped slightly, although the jobless rate fell to 8.2%. The market was certainly cautious ahead of the report. We’ll take a closer look at how the market is doing in my weekly Market Forecast on Sunday evening.
Happy Easter, everyone!
Good night and HappyTrading! ™