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Strategies & Market Trends : Calls and Puts for Income
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To: dealmakr who wrote (5816)11/4/2013 12:18:54 PM
From: dealmakr   Read Replies (2) of 5891
 
Updated Position POT 11/04/13

After writing an additional 20 short 32.5 calls for 11/22 with the idea of them replacing the 11/08 32.5 calls, POT got an upgrade today that pushed the stock back over the 32 area. Opened 20 short 11/08 32 puts to try and rehedge a bit and will see how it works out over the rest of the week. Many different scenarios can come into play depending upon where the stock is trading on Friday expiration. The first round of 32.5 calls were written to force the trade if called out and may have been caught a bit speeding here with the additional write of the 11/22 32.5 calls prior to the expiration or closure of the trade.

10/04/13 Bot 2000 POT 32.52 (65040)
10/04/13 Sold 20 10/11/13 32.5 Call .56*
10/10/13 Sold 20 Oct 32 Call .58*
10/18/13 Sold 20 10/25/13 32 Call .57*
10/24/13 Sold 20 11/08/13 32.5 Call .07
10/24/13 Sold 20 Dec 32 Call .61

10/31/13 Sold 20 11/22/13 32.5 Call .19
11/04/13 Sold 20 11/08/13 32 Put .32

Closed trades Profit/Loss

10/10/13 Dividend .35 on 2000 shares 700
10/10/13 Bot close 20 10/11/13 32.5 call .09 940
10/18/13 Bot close 20 Oct 32 Call .18 800
10/25/13 Expired 20 10/25/13 32 Call 1140

Total return on closed trades 3580

Long 2000 POT 32.52 (65040)

Short 20 11/08/13 32.5 Call 140
Short 20 11/08/13 32 Put 640
Short 20 11/22/13 32.5 Call 380
Short 20 Dec 32 Call .61 1220

Stock Trading 11/04 31.98

Good Trading

dealmakr
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