Happy holidays! I hope everyone enjoyed a nice Christmas!

 

For those of you who were trading (I was), although trading was light markets rallied higher again last week, sending the Dow, and SPX up to new heights.  Nasdaq closed above 4,800, marching closer to the 5,000 mark.  

We had a nice leisurely week, with all but (1) trade in the gr$$n!  We cashed out the our HES calls and jumped on GILD puts for a nice +69% profit.  We made a solid play on BA and garner some nice profits.  Here are the closed trades for the week:

 

Symbology Exit P/L ($) P/L (%) Exit Date BA Jan 17 2015 Call 130.0 $3.15 $1,986.00 26.61% 12/26/2014 BA Jan 17 2015 Call 130.0 $3.15 $662.00 26.61% 12/24/2014 BA Jan 17 2015 Call 130.0 $2.90 $412.00 16.56% 12/24/2014 AMGN Jan 17 2015 Put 160.0 $3.95 $-3,650.00 -48.03% 12/24/2014 HES Jan 17 2015 Call 72.5 $3.70 $385.00 26.28% 12/23/2014 WYNN Jan 17 2015 Call 150.0 $6.15 $350.00 6.03% 12/23/2014 GILD Jan 17 2015 Put 95.0 $7.85 $3,200.00 68.82% 12/23/2014 HES Jan 17 2015 Call 72.5 $3.25 $320.00 10.92% 12/22/2014 HES Jan 17 2015 Call 72.5 $3.15 $330.00 7.51% 12/22/2014

 

Retail stocks performed well.  AMZN went up $6 on Friday, citing 10 million new prime members added!  GPRO gained almost $10 for the week. RL popped to a new all-time high.  High-flyers such as PCLN and CMG also had a big week.  Biotechs were volatile. As mentioned above GILD puts gave us a nice gain, but, we got our hands caught in the cookie jar on AMGN puts. We will definitely look at these more closed tomorrow in my weekly Market Forecast and Sector Watch.