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Strategies & Market Trends : Calls and Puts for Income
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To: dealmakr who wrote (5882)11/23/2014 6:30:06 AM
From: dealmakr   Read Replies (1) of 5891
 
FMER Update 11/22/14

Dividend declared of .16 without a bump. Returns on call writing have been impacted a bit by having to purchase stock well above the 17.5 strike when things looked like they could run away a bit, so the last 10000 exercised showed a loss of 600 due to that factor. The balance of the position at 7500 shares shows a cost basis of 17.56/share, so still a bit above the strike. Stock goes ex dividend this week and will see if any of the Dec calls are exercised early for dividend capture. So far with 4 months into the trade A better return on capital could have been had by not being as aggressive on opening additional short calls. With the Jan cycle opening next week, will look to adjust to have more exposure on the put side, probably after the ex dividend date.

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

08/04/14 Bot 3000 FMER 17.16 (51480)* (exercised 09/20/14)
08/05/14 Bot 3000 FMER 17.17 (51510) (1000 exercised 09/20 17170 / 2000 exercised 11/22/14)*
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)* (exercised 11/22/14)
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)* (exercised 11/22/14)
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)* (exercised 11/22/14)
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

11/03/14 Sold 10 Dec 17.5 Put .30
11/04/14 Sold 10 Dec 17.5 Put .40
11/14/14 Bot 1500 FMER 18.85 (28275)
11/07/14 Sold 10 Mar 17.5 Put .65

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

11/22/14 Expired 20 Nov 17.5 Put 1100
11/22/14 Exercised 100 Nov 17.5 Call 3700
11/22/14 Sold 10000 FMER 17.5 (2000@ 17.17 08/05 / 4000 @ 17.34 08/20 / 2000 @ 18.33 09/12 / 2000 @ 17.71 10/03) -600

Total return on closed trades 11765

Long 7500 FMER (131725) avg. 17.56 / share

Short 20 Dec 17.5 Put 700
Short 70 Dec 17.5 Call 4720
Short 35 Mar 15 Put 1375
Short 20 Mar 17.5 Put 1750
Short 10 Mar 17.5 Call 750

Stock closed 11/21/14 18.16

Good Trading

dealmakr
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