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Strategies & Market Trends : Short-termSelling Puts (Covered Calls by another name)
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To: Rocky9 who wrote (2)2/17/2006 10:03:34 PM
From: Rocky9  Read Replies (1) of 66
 
Results from Feb options (all puts unless indicated) - all basically winners:

In regular account:

VPHM 20.00s at 1.55
VPHM 22.50s calls at .75 plus .34 increase in underlying
SEPR 55.00s at 4.30
SEPR 50.00s at 2.45
BWNG 7.50s at .35
BWNG 7.50s at .40
MNTA 20.00s at .90
MNTA 22.50s at 1.90
NKTR 17.50S at 1.10
SEPR from put exercise - 50.00s calls at 4.80 less .65 price at put last month
MOGN from put exercise - 15.00s calls at 1.80 less 1.02 price at put last month

In IRA:

VPHM 20.00s at 1.65
SEPR 50.00s at 1.40 less .05 repurchase price
BWNG 7.50s at .35
MNTA 20.00s at .90
NKTR 17.50s at 1.00 less .05 repurchase price

Overall 93.056% of goal, which means that I need to shoot for much more than the goal if I really expect to come close. I really doubt that I will have any months as good as this one in terms of percentage success.

I had to buy back a couple of the puts in the IRA in order to free up capacity to start selling March puts.

I also am not counting my sales of calls on long term positions that are meant as protection rather than short-term plays. It is too hard to determine the real gain/loss - in one case I don't want them called and in the other, I won't mind. I extended my CHS 45s for 1.10, plus 1/2 of my VLTR position for .75. My VLTR IRA calls and the other 1/2 in the regular account are too close to call. The underlying is .01 over the strike price. It will be interesting to see if the calls are exercised.
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