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Strategies & Market Trends : Calls and Puts for Income
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To: dealmakr who wrote (5881)10/31/2014 5:08:09 PM
From: dealmakr   Read Replies (1) of 5891
 
FMER Update 10/31/14

Thought that I would update after earnings. FMER met expectations of .37 for the quarter and overall the report looked fairly decent on the metrics. Added a few more shares and will look to adjust the position before the Nov expiration as I have a few naked calls out there. Dividend should be announced soon with the ex dividend date coming after the Nov expiration. They haven't bumped the divvy in a while, but have the room here for a small increase IMHO.

Volatility is back and the bank stocks are no exception to what is going on with the market.

Quite a few intraday swings in price with this one and other banks that I trade can maybe provide some opportunities for scalping or swing trading without using options, but in taking the position in the first place, I still am willing to trade this longer term using options for an income producing strategy to augment dividend income received.

08/04/14 Bot 3000 FMER 17.16 (51480)*
08/05/14 Bot 3000 FMER 17.17 (51510) (1000 exercised 09/20 17170) Bal (34340)
08/05/14 Sold 30 Aug 17.5 Call .20*
08/05/14 Sold 30 Dec 17.5 Call .70
08/19/14 Sold 30 Oct 17.5 Call .505 avg.*.
08/20/14 Bot 4000 FMER 17.34 (69360)
08/20/14 Sold 40 Sep 17.5 Call .25*
08/20/14 Sold 10 Dec 17.5 Call .70
08/21/14 Sold 10 Oct 17.5 Put .60*
08/22/14 Sold 10 Dec 17.5 Call .80
08/25/14 Sold 15 Mar 15 Put .45
08/27/14 Sold 10 Dec 17.5 Call .70
09/03/14 Sold 10 Oct 17.5 Put .55*
09/04/14 Sold 10 Mar 17.5 Put 1.1
09/12/14 Bot 2000 FMER 18.33 (36660)
09/24/14 Sold 10 Nov 17.5 Call .70
09/30/14 Sold 10 Nov 17.5 Put .55
10/01/14 Sold 10 Oct 17.5 Put .35*
10/01/14 Sold 10 Nov 17.5 Put .55
10/01/14 Sold 10 Nov 17.5 Call .60
10/02/14 Sold 10 Nov 17.5 Call .55
10/03/14 Bot 2000 FMER 17.71 (35420)
10/07/14 Bot 1000 FMER 16.95 (16950)
10/14/14 Sold 20 Nov 17.5 Call avg. .375
10/15/14 Sold 40 Nov 17.5 Call .20
10/18/14 Bot 3000 FMER 17.5 exercise (52500)

10/27/14 Sold 10 Nov 17.5 Call .30
10/28/14 Bot 2000 FMER 17 (34000)
10/28/14 Sold 20 Mar 15 Put .35
10/28/14 Sold 10 Mar 17.5 Call .75
10/28/14 Sold 10 Dec 17.5 Call .42

Closed trades Profit/Loss

08/16/14 Expired 30 Aug 17.5 Call 600
08/28/14 Dividend .16 on 10000 shares 1600
09/20/14 Exercised 40 Sep 17.5 Call 1000
09/20/14 Sold 4000 FMER 17.5 1350 (3000 @ 17.16 08/04 / 1000 @ 17.17 08/05)
10/18/14 Exercised 30 Oct 17.5 Put 1500
10/18/14 Expired 30 Oct 17.5 Call 1515

Total return on closed trades 7565

Long 16000 FMER (279230) avg. 17.45 / share

Short 20 Nov 17.5 Put 1100
Short 100 Nov 17.5 Call 3700
Short 70 Dec 17.5 Call 4720
Short 35 Mar 15 Put 1375
Short 10 Mar 17.5 Put 1100
Short 10 Mar 17.5 Call 750

Stock closed 10/31/14 18.35

Good Trading

dealmakr
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