After yesterday’s late selling, the market dropped again.  Even gold took a beating, down to $1715/ounce.  We had already cashed out all of the longside trades earlier in the week and picked up trades for the downside.  Yesterday, we picked up puts on FAS and WYNN; WYNN puts gave us an overnight +103% gain.  Today, we jumped into AAPL puts and cashed out +164% profit in just 80 minutes!

• November 17, 2011
• 09:47 | HappyTrading FAS ($58.80) Sold to Close 11060 Nov 60 put, at $2.63 +35%
• 09:46 | HappyTrading WYNN ($119.30) Sold to Close 11P125 Nov 125 put, at $5.70 +103%

The AAPL puts were played through our new service Ecstatic Plays (if you’re unfamiliar with Ecstatic Plays, click HERE):

• November 17, 2011
• 09:42 | Ecstatic Plays AAPL ($375.80) Sold to Close 11P380 Nov 380 put, at $5.85 +164%
• 08:22 | Ecstatic Plays AAPL ($381.30) Bought to Open 11P380 Nov 380 put, at $2.22

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In the Trading Room, we’ve been play puts for the past couple of days.  Here are just some of the plays:  CME, CMG, AMZN, SHLD, GOOG, MOS:

Wednesday
November 16, 2011 7:22 AM
CME
breaking down…

November 16, 2011 9:54 AM
CMG
slipping…

November 16, 2011 9:54 AM

CME
down 4%

To read the rest of this article for FREE, please click HERE:  Profitting From The Downside, Again!