Markets continued to make new highs in the short Thanksgiving week. Retails were particularly strong. TGT, RL, TJX, ROST were among some retail stocks that made new all-time highs! Initial reports seem to indicate that for brick-and-mortar stores, consumers seem to be spending about the same amount of money as last year during the Black Friday sales. It will be interesting to see the numbers from the online sales.
Amazingly, even with the big drop in the energy sector, as OPEC kept output unchanged in a meeting on Thursday, the overall market indices held up. The Dow was flat; Nasdaq was up, and SPX was down about 5 points.
We had a pretty good week, with just most closed trade in the green:
Ecstatic Plays
GMCR Options Sell 5.0 of GMCR Nov 28 2014 Put 140.0 at 2.85 | 9.62% ($125.00) Profit |
APA Options Sell 10.0 of APA Dec 20 2014 Call 72.5 at 4.0 | 35.59% ($1050.00) Profit |
LNKD Options Buy 5.0 of LNKD Dec 20 2014 Call 225.0 at 7.4 | 35.59% ($1050.00) Profit |
FSLR Options Sell 10.0 of FSLR Dec 20 2014 Call 50.0 at 3.0 | 50.00% ($1000.00) Profit |
DAL Options Sell 15.0 of DAL Dec 20 2014 Call 47.0 at 1.53 | 53.00% ($795.00) Profit |
DAL Options Sell 15.0 of DAL Dec 20 2014 Call 47.0 at 1.4 | 40.00% ($600.00) Profit |
GILD Options Sell 10.0 of GILD Dec 05 2014 Put 100.0 at 1.05 | -61.82% ($-1700.00) Loss |
LNKD Options Sell 5.0 of LNKD Dec 20 2014 Call 225.0 at 7.7 | 4.05% ($150.00) Profit |
GLD Options Sell 10.0 of GLD Dec 20 2014 Call 114.0 at 1.8 | -47.06% ($-1600.00) Loss |
Happy Trades
BITA Options Sell 10.0 of BITA Dec 20 2014 Call 90.0 at 7.2 | 25.22% ($1450.00) Profit |
BITA Options Sell 10.0 of BITA Dec 20 2014 Call 90.0 at 9.4 | 63.48% ($3650.00) Profit |
EOG Options Sell 10.0 of EOG Dec 20 2014 Call 100.0 at 0.3 | -93.62% ($-4400.00) Loss |
Tech stocks have been really strong, outpacing the broader market. Of course, the broader market has been held back back the energy stocks. Financial stocks are still looking very healthy. We will take a closer look at these with the overall market in my weekly Market Forecast tomorrow.
Enjoy your Thanksgiving weekend, and don't forget, Marketfy is having a Thanksgiving event this weekend! You can try out my services for just $10 for the first month! As of the end of this week, my Ecstatic Plays Portfolio (for active traders) is up +123.3% this year, and my Happy Trades Portfolio (for part-time investors/traders) is up +15.9%!
Good night and HappyTrading! ™