Copyright © 2013 Knight Sac Media. All rights reserved.http://www.siliconinvestor.com/subject.aspx?subjectid=57033This idea is certainly not new. This thread is about creating a monthly income stream from writing covered calls, and puts. This can be from stocks we already own or new positions from available cash. Taxes are not a consideration. Relatively safe stock picking and income generation is the ...http://www.siliconinvestor.com/images/Logo380x132.pnghttp://www.siliconinvestor.com/subject.aspx?subjectid=5703338013210Dale Bakerhttp://www.siliconinvestor.com/readmsg.aspx?msgid=289484856/12/2013 5:07:51 PMKeith Jhttp://www.siliconinvestor.com/readmsg.aspx?msgid=289483976/12/2013 4:27:02 PMdealmakr Updated position VELT 05/17/13 02/04/13 Bot 1500 VELT 3.91 (5865) 02/04/13 Sold 15 Mar 5 Call .20* 02/05/13 Bot 1500 VELT 3.91 (5865) 02/05/13 Sold 15 Mar 5 Call .20* 02/06/13 Bot 2000 VELT 3.90 (7800) 02/06/13 Sold 20 Mar 5 Call .20* 02/06/13 Sold 60 May 2.5 Put avg .205* 03/11/13 Bot 2500 VELT 3.22 (8050) 0...http://www.siliconinvestor.com/readmsg.aspx?msgid=289009655/17/2013 4:13:52 PMdealmakr Updated Position HBAN 05/17/13 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* 03/07/11 Bot 2500 HBAN 6.68 (16700)* 03/07/11 Sold 25 Jul 6 Put .33* 03/07/11 Sold 25 Jul 7 call .45* 03/08/11 Sold 25 Jul 6 Put .30* 03/09/11 Bot 5000 HBAN 6.77 (33850) 03/14/1...http://www.siliconinvestor.com/readmsg.aspx?msgid=289009395/17/2013 4:01:01 PMRobohogsWarning all: ETrade would appear to be in the process of ratcheting margin requirements on certain options. They have always been much worse than Ameritrade and others having 100% margin stocks which became 50% margin options, but with their new upgrades to margin reporting, they have now moved some options to 100% m...http://www.siliconinvestor.com/readmsg.aspx?msgid=288948725/15/2013 12:06:01 AMJim P.Sounds like you understand your needs very well. Good luck with the trade. Jimhttp://www.siliconinvestor.com/readmsg.aspx?msgid=288697605/1/2013 8:39:04 PMBocorNo, you never share too much! My son is in APL, but I only have ATLS, so I am ready to pick it up at $35 if I get put the stock. I sold some lower quality MLP's recently with this burst of market energy, so I could use the yield from a good quality holding.http://www.siliconinvestor.com/readmsg.aspx?msgid=288697185/1/2013 7:53:08 PMJim P.Bocor, Based on the conference call the 2nd quarter will be a good ramp in earnings but the company will use some of the cash to increase the coverage ratio from current zero to something higher. Target ration is about 1.1. Even though I see a November distribution possibly around .65 or higher with an expected yie...http://www.siliconinvestor.com/readmsg.aspx?msgid=288695125/1/2013 5:25:47 PMBocorSold some May 35 puts at the close. I am not as adventurous as you are, but saw it up so big early, and then sell off with the market. At $35, I'll take it:)http://www.siliconinvestor.com/readmsg.aspx?msgid=288693095/1/2013 4:05:08 PMJim P. Bought 300 APL $37 strike January 2014 calls for amounts that averaged just over 64 cents a share. Bought 200 APL $40 strike January 2014 calls for 25 cents a share. $37 calls in 3 lots $5985, 6485, 6985 for $19455 $40 calls one lot $4961 Sold 200 of the $37 strike calls for $29928 or $1.50 1/2 Sold 100 ...http://www.siliconinvestor.com/readmsg.aspx?msgid=288685775/1/2013 11:31:29 AMJim P.dealmkr, I like out of favor also as I think it increases my margin of error. Option premiums are where I would like to play VELT but seems too risky for my limited knowledge of the advertisement market profit potential. The company just issued shares at $1.50 which is another red flag for me on value. Good l...http://www.siliconinvestor.com/readmsg.aspx?msgid=288619664/27/2013 11:39:23 AMdealmakr Hi Jim, VELT is by no means one of the safest plays out there. From where the stock crumbled in teenage wasteland to where it is now has been a disaster. The accounts receivable on the books are where a lot of the problems are as the market doesn't think that they will be able to monetize them along with promises to ...http://www.siliconinvestor.com/readmsg.aspx?msgid=288619294/27/2013 11:20:44 AMJim P.dealmakr, Velt seems a lot higher risk then the other stocks you play. I do not see the value and it looks like you are playing for upside. Where do you see the company going? Jimhttp://www.siliconinvestor.com/readmsg.aspx?msgid=288612134/26/2013 5:48:54 PMdealmakr Updated position VELT 04/26/13 02/04/13 Bot 1500 VELT 3.91 (5865) 02/04/13 Sold 15 Mar 5 Call .20* 02/05/13 Bot 1500 VELT 3.91 (5865) 02/05/13 Sold 15 Mar 5 Call .20* 02/06/13 Bot 2000 VELT 3.90 (7800) 02/06/13 Sold 20 Mar 5 Call .20* 02/06/13 Sold 60 May 2.5 Put avg .205 03/11/13 Bot 2500 VELT 3.22 (8050) 03...http://www.siliconinvestor.com/readmsg.aspx?msgid=288611264/26/2013 4:55:28 PMdealmakr Updated Position HBAN 04/26/13 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* 03/07/11 Bot 2500 HBAN 6.68 (16700) 03/07/11 Sold 25 Jul 6 Put .33* 03/07/11 Sold 25 Jul 7 call .45* 03/08/11 Sold 25 Jul 6 Put .30* 03/09/11 Bot 5000 HBAN 6.77 (33850) 03/14/11 ...http://www.siliconinvestor.com/readmsg.aspx?msgid=288610944/26/2013 4:33:33 PMdealmakr Updated Position XRX 04/26/13 11/30/10 Sold 50 Dec 11 Put .16* 11/30/10 Sold 30 Dec 11 Put .15* 12/06/10 Bot 3000 XRX 11.74* 12/06/10 Sold 30 Apr 12 Call .82* 12/31/10 Sold 25 Jul 9 Put .30* 01/21/11 Sold 30 Feb 12 Call .12* 01/27/11 Sold 30 Feb 11 Call .16* 02/09/11 Sold open 30 Jul 12 Call .32* 02/22/11 Bot...http://www.siliconinvestor.com/readmsg.aspx?msgid=288610484/26/2013 4:02:19 PMBocor It is very difficult to find long opportunities like ATLS Understatement of the year!!http://www.siliconinvestor.com/readmsg.aspx?msgid=288435304/18/2013 11:59:25 AMdealmakr Hi Jim, Looks like a very nice trade and you did outline your thought process from the start. Glad to see it worked out. Am away on walkabout for a few weeks and am now sitting in Colorado Springs watching the snow. Will this winter ever end? Good Trading to all dealmakrhttp://www.siliconinvestor.com/readmsg.aspx?msgid=288418064/17/2013 4:25:26 PMJim P.ATLS very long option trade update: Stock moved a bit further faster then I expected and decided to take profit to wait out this IMO peaking market. Open positions are: Long 70 2014 ATLS 40 calls cost $16,142 current value about $9 ish or $63,000 Closed: Buy 5 calls 12/12 strike 25 at $4.51 and sold 4/1...http://www.siliconinvestor.com/readmsg.aspx?msgid=288412874/17/2013 1:42:19 PMBocorBetter to pay the tax than not to have the money...learned that the hard way in 1999.http://www.siliconinvestor.com/readmsg.aspx?msgid=288398574/16/2013 10:46:57 PMJim P.I am confident $31 is a very safe bet for APL. If you did get that price it would not be below it for very long. Management went out on a limb and gave guidance for 2014. Not like them. Very confident and holding more cards is what is happening. Unless there is a crash in NGL and natural gas prices beyond the las...http://www.siliconinvestor.com/readmsg.aspx?msgid=288396904/16/2013 9:05:59 PMBocorWell my strike price on APL is $31, so I think I am safe no matter what. If it sells off some, all the better. I will go out to May and sell more puts.http://www.siliconinvestor.com/readmsg.aspx?msgid=288395934/16/2013 8:08:06 PMJim P.Not sure if APL will sell down just a little account the shares being sold. ATLS is win win and should march higher in the morning. 3rd Q of this year is when a lot of projects start to pay out for these companies. November is show me the money month. Jimhttp://www.siliconinvestor.com/readmsg.aspx?msgid=288395834/16/2013 8:03:21 PMBocorhttp://www.siliconinvestor.com/readmsg.aspx?msgid=288395464/16/2013 7:38:53 PMJim P.Thanks for heads up. APL should rise in price and yield drop a little as the company is going to be almost 50% fee compared to past 15% fee. Not sure maybe less than 6.3% compared to recent 7%. I hope the market likes it. Still hold all the calls. jimhttp://www.siliconinvestor.com/readmsg.aspx?msgid=288393554/16/2013 5:52:19 PMBocorhttp://www.siliconinvestor.com/readmsg.aspx?msgid=288392944/16/2013 5:21:28 PMKeith JClosed the VRNG April 3 puts today; and opened a slightly smaller amount of June 3s. Net credit before commissions: 50 cents. Have May 3s and Aug. 2.50s open as well. But still small position overall. KJhttp://www.siliconinvestor.com/readmsg.aspx?msgid=288221294/8/2013 11:55:08 AMdealmakr Updated position VELT 03/15/13 02/04/13 Bot 1500 VELT 3.91 (5865) 02/04/13 Sold 15 Mar 5 Call .20 02/05/13 Bot 1500 VELT 3.91 (5865) 02/05/13 Sold 15 Mar 5 Call .20 02/06/13 Bot 2000 VELT 3.90 (7800) 02/06/13 Sold 20 Mar 5 Call .20 02/06/13 Sold 60 May 2.5 Put avg .205 03/11/13 Bot 2500 VELT 3.22 (8050) 03/12/13 Sold...http://www.siliconinvestor.com/readmsg.aspx?msgid=287807743/15/2013 4:24:16 PMdealmakr Updated Position HBAN 03/15/13 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* 03/07/11 Bot 2500 HBAN 6.68 (16700) 03/07/11 Sold 25 Jul 6 Put .33* 03/07/11 Sold 25 Jul 7 call .45* 03/08/11 Sold 25 Jul 6 Put .30* 03/09/11 Bot 5000 HBAN 6.77 (33850) 03/14/11 ...http://www.siliconinvestor.com/readmsg.aspx?msgid=287807243/15/2013 4:01:40 PMJim P.I have not been trading my options for income lately. Just long calls and first option trades in a while. Bought 300 APL $37 strike January 2014 calls for amounts that averaged just over 64 cents a share. Bought 200 APL $40 strike January 2014 calls for 25 cents a share. $37 calls in 3 lots $5985, 6485, 6985...http://www.siliconinvestor.com/readmsg.aspx?msgid=287745013/12/2013 1:23:28 PMGottfried"CBOE And C2 Plan To Launch Mini-Options On March 18 For AAPL, AMZN, GOOG, GLD And SPY" reuters.com  a contract is 10 shareshttp://www.siliconinvestor.com/readmsg.aspx?msgid=287654783/7/2013 12:24:05 PMdealmakr Updated Position XRX 03/04/13 11/30/10 Sold 50 Dec 11 Put .16* 11/30/10 Sold 30 Dec 11 Put .15* 12/06/10 Bot 3000 XRX 11.74* 12/06/10 Sold 30 Apr 12 Call .82* 12/31/10 Sold 25 Jul 9 Put .30* 01/21/11 Sold 30 Feb 12 Call .12* 01/27/11 Sold 30 Feb 11 Call .16* 02/09/11 Sold open 30 Jul 12 Call .32* 02/22/11 Bot...http://www.siliconinvestor.com/readmsg.aspx?msgid=287585533/4/2013 10:31:28 AMJim P.ATLS very long option trade update: So far this is my top or 2nd best option trade. I closed out some of the options that had the spinoff shares. When the bid ask narrowed I closed as they were so thinly traded it left me too locked into the position for my limited capital. I closed out the short $45 calls on...http://www.siliconinvestor.com/readmsg.aspx?msgid=287572433/3/2013 2:14:24 PMdealmakr Updated Position HBAN 02/16/13 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* 03/07/11 Bot 2500 HBAN 6.68 (16700) 03/07/11 Sold 25 Jul 6 Put .33* 03/07/11 Sold 25 Jul 7 call .45* 03/08/11 Sold 25 Jul 6 Put .30* 03/09/11 Bot 5000 HBAN 6.77 (33850) 03/14/11 ...http://www.siliconinvestor.com/readmsg.aspx?msgid=287297772/16/2013 6:21:55 AMdealmakr Updated Position XRX 02/16/13 11/30/10 Sold 50 Dec 11 Put .16* 11/30/10 Sold 30 Dec 11 Put .15* 12/06/10 Bot 3000 XRX 11.74 12/06/10 Sold 30 Apr 12 Call .82* 12/31/10 Sold 25 Jul 9 Put .30* 01/21/11 Sold 30 Feb 12 Call .12* 01/27/11 Sold 30 Feb 11 Call .16* 02/09/11 Sold open 30 Jul 12 Call .32* 02/22/11 Bot ...http://www.siliconinvestor.com/readmsg.aspx?msgid=287297742/16/2013 6:06:10 AMBocorhttp://www.siliconinvestor.com/readmsg.aspx?msgid=287183342/11/2013 8:15:49 AMJim P.Bocor, If you are following closely you might want to listen to the last Pioneer Credit Suisse call from 2/7/2013. It is 20 minutes Link: investors.pxd.com  Even larger ramp up in Permian gas gathering then my optimistic projections. Maybe a new plant every year for a while. PXD stated a new 200 million...http://www.siliconinvestor.com/readmsg.aspx?msgid=287180282/10/2013 11:31:55 PMBocorLooks like my LMT will go expire barring something nuts next week. Sold the March 82.5's for .91 yesterday. Even if I get assigned next week, the premium was good, and I can sell CC on what I own in the meantime. Don't mind owning LMT as long as the yield stays where it is, and as the price drops, the divvy goes up. ...http://www.siliconinvestor.com/readmsg.aspx?msgid=287145392/8/2013 3:35:27 PMBocorhttp://www.siliconinvestor.com/readmsg.aspx?msgid=287145102/8/2013 3:20:40 PMdealmakr Hi Bocor Looks like HPQ won't get above the 17 strike for today so another round for Feb next week will be written. Sold a few JE Apr 7.5 puts @ .20 today on the drop in the divy to .07 / month. Also short Feb 152.5 Spy calls as a small hedge against longs. Was exercised last week @ 151 and covered on Monday for a p...http://www.siliconinvestor.com/readmsg.aspx?msgid=287138722/8/2013 11:08:58 AMBocorSold the March 36's on ATLS. I would love to own more of it lower. Link: SI Message 28605089http://www.siliconinvestor.com/readmsg.aspx?msgid=287137542/8/2013 10:28:19 AMdealmakr Updated position VELT 02/06/13 02/04/13 Bot 1500 VELT 3.91 (5865) 02/04/13 Sold 15 Mar 5 Call .20 02/05/13 Bot 1500 VELT 3.91 (5865) 02/05/13 Sold 15 Mar 5 Call .20 02/06/13 Bot 2000 VELT 3.90 (7800) 02/06/13 Sold 20 Mar 5 Call .20 02/06/13 Sold 60 May 2.5 Put avg .205 Closed trades Profit/Loss Total return on close...http://www.siliconinvestor.com/readmsg.aspx?msgid=287095992/6/2013 11:00:35 AMdealmakr 02/06/13 Bot 2000 HPQ 16.82 Sold 20 02/08 17 Call .12 Lot of chatter last night on this one and if called will make a little less than 2% in 3 days. Will see how it turns out. If not called will open another round next week. Good Trading dealmakrhttp://www.siliconinvestor.com/readmsg.aspx?msgid=287095732/6/2013 10:51:34 AMBocorDoesn't look like a bad pick with that room down to 45 with the stock around 53-54. As BARRY MANILOW would say: "Looks Like We Made It" .....HAIN built enough points since I sold the puts that it's drop won't be close to my strike price unless we have a massive dump. They beat and raised, so I doubt there will be a ...http://www.siliconinvestor.com/readmsg.aspx?msgid=287083412/5/2013 4:14:06 PMdealmakr Looking back at the 1 year short interest stats on NASDAQ for VELT and comparing it to the 1 year chart, looks like this was a nice short from the teens down to the low digits. Just doing a bit of dumpster diving here and haven't looked too deeply at the fundies as of yet so kept the play kind of small. Don't see them...http://www.siliconinvestor.com/readmsg.aspx?msgid=287075822/5/2013 11:03:02 AMsemi_infinite http://www.siliconinvestor.com/readmsg.aspx?msgid=287075462/5/2013 10:47:25 AMRobohogshttp://www.siliconinvestor.com/readmsg.aspx?msgid=287070932/5/2013 2:58:07 AMdealmakr 02/04/13 Bot 1500 VELT 3.91 Sold 15 Mar 5 Calls .20 Also have order in to sell May 2.5 Puts @ .20 Just a very, very small starter position to dip a toe in, will add and adjust going forward. Good Trading dealmakrhttp://www.siliconinvestor.com/readmsg.aspx?msgid=287059932/4/2013 3:36:18 PMBocorTook a shot at selling the Feb 85's on LMT. The yield has more than quadrupled over the past 5 years, and the company plans to continue buybacks. Lockheed Martin has a large economic moat to ward off competition. It's recession-like P/E it seems to have already priced in a lot of the defense cuts, and with the M.E. in ...http://www.siliconinvestor.com/readmsg.aspx?msgid=286977861/31/2013 9:55:37 AMBocorI agree, but what is the catalyst for AMZN being up 14 points? "Good margins"??? Estimates for earnings are lowered, and price targets raised. Insanity. We get a crap GDP and the market sells off for 20 minutes, and we are rallying back up. It will end badly, which is why I try to keep my trading in monthly options, a...http://www.siliconinvestor.com/readmsg.aspx?msgid=286956011/30/2013 11:15:21 AM