SPX Ends the Month at Record Closing High! (March 2013 Monthly Wrap-up) AAPL, NFLX, HES, SODA, GLD, GS, BIIB, CELG, AMGN, BMRN, MA, V
The US markets ended the month of March with SPX at record closing high at 1569.19, just shy of 1570!  The Dow pushed further into record territory.  Techs still lagged, with AAPL, AMZN and GOOG having a losing month.  Software stocks were mostly down with ORCL suffering a big drop after its earnings.  Still the [...]

The US markets ended the month of March with SPX at record closing high at 1569.19, just shy of 1570!  The Dow pushed further into record territory.  Techs still lagged, with AAPL, AMZN and GOOG having a losing month.  Software stocks were mostly down with ORCL suffering a big drop after its earnings.  Still the broader market kept its strength.

We had a pretty good month with most of our trades ending in the green.  We traded AAPL calls quite a bit and came away with good profits.  FAS also provided us with a good win at the beginning of the month.  Here are the closed trades for the month:

  • 07:40 | HappyTrading STX ($36.90) Sold to Close 04C35 Apr 35 calls, at $2.50 +34%
  • 07:39 | HappyTrading CSTR ($58.70) Sold to Close 04C57.5 Apr 58 calls, at $2.24 +24%
  • 07:46 | Ecstatic Plays NFLX ($188.80) Sold to Close 0328C185 Mar 185 calls, at $5.30 +77%
  • 07:16 | Ecstatic Plays NFLX ($187.50) Sold to Close 0328C185 Mar 185 calls, at $4.60 +53%
  • 07:04 | HappyTrading KORS ($54.50) Sold to Close 04P55 Apr 55 put, at $2.50 +27%
  • 06:37 | Ecstatic Plays NFLX ($185.30) Sold to Close 0328P180 Mar 180 put, at $1.13 -61%
  • 07:43 | HappyTrading GOOG ($816.30) Sold to Close 0405C830 Apr 830 calls, at $2.90 -22%
  • 07:42 | Ecstatic Plays GOOG ($816.30) Sold to Close 0328C820 Mar 820 calls, at $3.40 -23%
  • 12:53 | Ecstatic Plays AAPL ($461.50) Sold to Close 0328C460 Mar 460 calls, at $7.00 +52%
  • 12:47 | Ecstatic Plays AAPL ($462.00) Sold to Close 0328C460 Mar 460 calls, at $7.20 +57%
  • 06:44 | HappyTrading GS ($145.80) Sold to Close 04P145 Apr 145 put, at $3.75 +21%
  • 06:39 | Ecstatic Plays GS ($145.70) Sold to Close 0328P150 Mar 150 put, at $4.90 +32%
  • 12:56 | Ecstatic Plays LVS ($53.86) Sold to Close 04C52.5 Apr 53 calls, at $2.46 -2%
  • 12:45 | Ecstatic Plays GS ($145.50) Sold to Close 0328P150 Mar 150 put, at $5.10 +38%
  • 12:41 | HappyTrading GS ($145.80) Sold to Close 04P145 Apr 145 put, at $3.90 +24%
  • 10:43 | Ecstatic Plays AAPL ($456.40) Sold to Close 0328C460 Mar 460 calls, at $5.45 +36%
  • 09:50 | Ecstatic Plays AAPL ($457.30) Sold to Close 0328C460 Mar 460 calls, at $6.20 +55%
  • 08:45 | Ecstatic Plays LNKD ($174.00) Bought to Open 0322P170 Mar 170 put, at $0.55 EXPIRED
  • 07:29 | HappyTrading NFLX ($183.30) Sold to Close 0328P175 Mar 175 put, at $1.85 -26%
  • 11:00 | Ecstatic Plays FAS ($160.20) Sold to Close 0322P163 Mar 163 puts, at $4.60 +39%
  • 10:56 | Ecstatic Plays FAS ($160.10) Sold to Close 0322P163 Mar 163 puts, at $4.66 +41%
  • 08:53 | HappyTrading MNST ($50.10) Sold to Close 04C50 Apr 50 calls, at $2.00 +29%
  • 08:17 | Ecstatic Plays CF ($198.50) Sold to Close 0322P200 Mar 200 put, at $2.72 +16%
  • 11:39 | Ecstatic Plays AAPL ($455.25) Sold to Close 0328C460 Mar 460 calls, at $7.60 +38%
  • 11:12 | Ecstatic Plays LNKD ($173.40) Sold to Close 0322P175 Mar 175 calls, at $3.20 +2%
  • 10:28 | Ecstatic Plays AAPL ($453.70) Sold to Close 0328C460 Mar 460 calls, at $6.50 +18%
  • 09:32 | HappyTrading AAP ($80.30) Sold to Close 04C80 Apr 80 calls, at $2.40 +30%
  • 11:14 | HappyTrading MNST ($48.20) Sold to Close 04C47.5 Apr 48 calls, at $2.30 +7%
  • 10:18 | Ecstatic Plays AAPL ($443.90) Sold to Close 0322C450 Mar 450 calls, at $5.00 +100%
  • 07:13 | Ecstatic Plays AAPL ($440.40) Sold to Close 0322C450 Mar 450 calls, at $3.80 +52%
  • 07:40 | HappyTrading VHC ($35.50) Sold to Close 03C35 Mar 35 calls, at $1.55 -48%
  • 07:25 | HappyTrading BBRY ($15.65) Sold to Close 0322C14.5 Mar 15 calls, at $1.55 +25%
  • 08:23 | Ecstatic Plays FB ($27.80) Sold to Close 03C27 Mar 27 calls, at $0.85 -45%
  • 08:10 | Ecstatic Plays MA ($525.50) Sold to Close 03P525 Mar 525 put, at $2.85 +46%
  • 12:18 | Ecstatic Plays AAPL ($436.80) Sold to Close 03C435 Mar 435 calls, at $6.75 +30%
  • 07:12 | HappyTrading FB ($28.10) Sold to Close 03C27 Mar 27 calls, at $1.20 -19%
  • 07:11 | Ecstatic Plays GS ($153.00) Sold to Close 03C155 Mar 155 calls, at $1.30 -58%
  • 06:53 | HappyTrading AAPL ($435.60) Sold to Close 03C435 Mar 435 calls, at $7.60 +65%
  • 12:12 | HappyTrading AAPL ($430.00) Sold to Close 03C435 Mar 435 calls, at $5.60 +22%
  • 12:01 | HappyTrading KORS ($58.70) Sold to Close 03P60 Mar 60 put, at $2.15 +8%
  • 10:41 | HappyTrading AAPL ($428.10) Sold to Close 03C435 Mar 435 calls, at $5.10 +6%
  • 06:51 | HappyTrading GS ($155.40) Sold to Close 03C155 Mar 155 calls, at $2.57 +24%
  • 12:11 | HappyTrading BA ($79.05) Sold to Close 03C77.5 Mar 78 calls, at $1.96 +20%
  • 09:45 | HappyTrading ONXX ($79.50) Sold to Close 03C77.5 Mar 78 calls, at $2.60 +33%
  • 07:26 | Ecstatic Plays AAPL ($429.00) Sold to Close 03C440 Mar 440 calls, at $4.50 -5%
  • 12:57 | HappyTrading BA ($78.65) Sold to Close 03C77.5 Mar 78 calls, at $1.69 +4%
  • 08:50 | Ecstatic Plays AAPL ($434.00) Sold to Close 03C440 Mar 440 calls, at $7.00 +47%
  • 08:46 | HappyTrading AMZN ($275.20) Sold to Close 03C270 Mar 270 calls, at $8.05 +44%
  • 08:42 | Ecstatic Plays FAS ($157.20) Sold to Close 0308C150 Mar 150 calls, at $7.60 +117%
  • 07:10 | Ecstatic Plays FAS ($165.50) Sold to Close 0308C12 Mar 150 calls, at $5.35 +53%
  • 12:51 | HappyTrading AMZN ($273.25) Sold to Close 03C270 Mar 270 calls, at $6.80 +21%
  • 10:21 | HappyTrading QCOM ($66.43) Sold to Close 03C65 Mar 65 calls, at $1.65 -10%
  • 09:12 | HappyTrading QCOM ($66.43) Sold to Close 03C65 Mar 55 calls, at $1.83 +8%
  • 09:08 | HappyTrading HES ($69.20) Sold to Close 03C65 Mar 65 calls, at $4.50 +57%
  • 08:10 | HappyTrading HES ($68.95) Sold to Close 03C65 Mar 65 calls, at $4.40 +53%
  • 10:48 | Ecstatic Plays SODA ($48.70) Sold to Close 03C47.5 Mar 48 calls, at $2.05 +14%
  • 10:16 | Ecstatic Plays GLD ($152.30) Sold to Close 0308P153 Mar 153 put, at $1.70 +15%
  • 10:14 | HappyTrading SHLD ($44.20) Sold to Close 03P45.42 Mar 45 put, at $2.50 +25%
  • 10:12 | HappyTrading SINA ($51.20) Sold to Close 03P52.5 Mar 53 put, at $2.45 -14%
  • 09:13 | HappyTrading BIDU ($92.50) Sold to Close 0308C90 Mar 90 calls, at $3.30 +22%
  • 06:50 | Ecstatic Plays NFLX ($189.80) Sold to Close 0308C190 Mar 190 put, at $6.05 -7%
  • 07:47 | HappyTrading FSLR ($36.50) Bought to Open 03C36 Mar 36 calls, at $3.35 EXPIRED
  • 06:50 | Ecstatic Plays AKAM ($41.40) Bought to Open 03C42 Mar 42 calls, at $2.30 EXPIRED

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Biotechs ended the quarter with a big pop.  BIIB, CELG, AMGN, and BMRN continued to push into new heights.  Financials took a respite, but, MA and V ended the month strongly.  After a strong quarter, we could see more retail investors come back into the markets, but, traditionally April and May have not been strong months.  China, Hong Kong, and Taiwan have turned bearish, and Japan has started to draw a top, after a parabolic rise since November of 2012!  The focus is going to shift towards earnings as April starts.  Already, we can see big players jostling for position in major sectors and market leaders. 

We have been trading much slower as intraday volatility makes quick trades much more difficult.  The computer trading from the big firms are definitely changing the market landscape on day trades.  Unless there are events that drive the broader market, or individual stocks, we will, in general, go into trades with a longer timeframes in mind.  This will make following trades much easier, as you won’t need to be watching the market constantly and hurry to make the trades when you receive the alerts.  The intraday volatility will likely allow you to catch the trade within hours, or even within days, of the published alerts!

I think April and May will be very interesting months.  We may soon find out whether the recent weakness in the Asian markets is a leading indicator for the US or perhaps it just means that more money is rolling into the US because it is the best place to be!

Please stay tuned for my Market Forecast and Sector Watch on Sunday evening!

Good night and HappyTrading! ™

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