Short-termSelling Puts (Covered Calls by another name) Message Board

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Strategies & Market Trends : Short-termSelling Puts (Covered Calls by another name)

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From: Robohogs	3/18/2006 11:39:10 PM
	of 66

Thanks Rocky. That Broadwing trade was awesome!! Well, I made about 99% of my maximum theoretical for March as I got worried at around 1-2 EST and paid 5 cents to buy in my SEPR puts (which closed slightly in the money so good thing I paid that 5 cents to avoid any hassle of partial/full exercises and the cost therein). I enter April short Momenta 20s, Valeant 15s and some ENCY just out of the moneys. Also have some Momenta Junes, some PFE Jan 2007 and some CD Jan 2007 (the latter two in the money by 5-10%). Also have some ENCY ITM Aprils as I think approval is foregone and stock should bounce some. And if stock sits still, I still come out ok. Jon PS If I had gone short VPHM when I talked about not doing so on moral grounds, it would have been best trade of year! The $12.50 puts went up 15x from the time of that post.

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