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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To: Rocky9 who wrote (29)	4/1/2006 11:09:07 AM
From: Rocky9	Read Replies (1) of 66

Back in town and recovered from the flu. Still not recovered from VPHM losses. Have to find a way to hedge the disaster issue. Finally, took the time to figure March results. Not quite as bad as I thought. But I had already started doing April Puts with heavy emphasis on VPHM, so I know that April results will also be terrible, but it looks like I will still be positive since start of "game." Oh well. March results: Regular account: VPHM 20.00 at 2.15 - lost 7.00/sh - put VPHM 22.50 at 2.25 - lost 9.40/sh - put MNTA 20.00 at 1.90 - win GRMN 65.00 at 3.20 - win GRMN 70.00 at 2.90 - win TRLG 22.50 at 2.50 - partial win .49/sh - put AMLN 35.00 at 1.95 - win MDCO 17.50 at 1.60 - win MDCO 17.50 at 1.20 - win BWNG 7.50 at .35 - win CHS 45.00C at 4.30 - win, but credited with only 1.10 VLTR 17.50C at .95 - win VLTR 17.50C at .90 - win IRA MDCO 15.00 at .90 - win VPHM 20.00 at 1.50 - loss 7.65/sh BWNG 7.50 at .35 - win BWNG 7.50 at .40 - win VLTR 17.50c at .60 - win Since I don't really count the CHS and VLTR calls, I was 12 out of 15, but I lost .6x of goal (adding my losses from a prior put exercise of VPHM that I had not written a call on). That wiped out the Jan income and started to hit the Feb income. April will hit it again, and, depending how VPHM does for the final 3 weeks, may wipe it out. I have become a little gun shy on adding to the MNTA and TRLG positions that look attractive at these prices. But I may still do some SEPR next week. I will probably list my current April positions later.

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