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 Strategies & Market Trends : Calls and Puts for Income -- Ignore unavailable to you. Want to Upgrade?



To: dealmakr who wrote (4821)2/20/2011 10:38:52 AM
From: RobohogsRead Replies (2) | Respond to of 5881
 
It seems you like some of the down and outers. Have you considered using SKX or MMI as vehicles. Nice vol but tight range in MMI. MMR has also been good to me as has MIPS.

Jon



To: dealmakr who wrote (4821)3/4/2011 2:10:18 PM
From: dealmakr Read Replies (2) | Respond to of 5881
 
New Position HBAN 03/04/11

03/04/11 Bot 8000 HBAN 6.53 (52240)
03/04/11 Sold 80 Apr 6 put .12
03/04/11 Sold 80 Apr 7 call .13

Closed trades Profit/Loss

Total return on closed trades

Short 80 Apr 6 Put 960
Short 80 Apr 7 Call 1040

Net Position Exposure

Naked puts 8000 shares
covered calls 8000 shares

Opened a position here and will add if it breaks down near 6. A regional bank that may be on the comeback trail. Have been scalping this one intraday, earning out in Apr and will see how things look from there.

Good Trading

dealmakr



To: dealmakr who wrote (4821)3/4/2011 2:15:37 PM
From: dealmakr Read Replies (1) | Respond to of 5881
 
Updated position EK 03/04/11

Opened another round of Mar 3.5 puts, but the stock is still weak and might have to bring them in also. It now remains to be seen as to how to work this position from the standpoint of how to try and work out of the hole or to close it out and take the loss. Comments welcome.

01/05/11 Sold 50 Feb 5 Put .20*
01/05/11 Sold 50 Jul 4 Put .25
01/25/11 Sold 50 Feb 5 Put avg .555*
01/26/11 Sold 50 Jul 4 Put .70
02/07/11 Sold 50 Feb 3.5 Put .06*
02/08/11 Sold 50 Feb 3.5 Put .06*
02/23/11 Sold 50 Mar 3.5 Put .13
02/28/11 Sold 50 Mar 3.5 put .18


Closed trades Profit/Loss

02/16/11 Bot close 100 Feb 5 Put 1.34 (9625)
02/19/11 Expired 100 Feb 3.5 put 600

Total return on closed trades (9025)

Short 100 Mar 3.5 Put 1550
Short 100 Jul 4 put 4775

Net Position Exposure

Naked puts 20000 shares

Good Trading

dealmakr


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