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Strategies & Market Trends : Calls and Puts for Income

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To: dealmakr who wrote (4183)5/6/2010 12:48:38 PM
From: dealmakr 1 Recommendation  Read Replies (1) of 5891
 
Opening position WFR

05/03/10 Bot 2500 WFR 13.19
05/03/10 Sold 25 May 13 Call .73 corrected
05/03/10 Sold 25 May 12 Put .23
05/03/10 Sold 25 Jul 12 Put .76
05/04/10 Sold 25 Jun 13 Call .80
05/04/10 Sold 15 May 12 Put .43
05/05/10 Bot 2500 WFR 12.60
05/05/10 Sold 25 Jul 15 Call .31
05/05/10 Sold 25 May 11 Put .15
05/05/10 Sold 25 Jul 10 Put .33
05/06/10 Sold 30 Jun 13 Call avg .675
05/06/10 Sold 15 Oct 9 Put .60

Total position

Long 5000 WFR avg 12.89 (64457.34)
Short 25 May 13 Call 1825
Short 40 May 12 Put 1220
Short 25 May 11 Put 375
Short 55 Jun 13 Call 4020
Short 25 Jun 15 Call 775
Short 25 Jul 12 Put 1900
Short 25 Jul 10 Put 825
Short 15 Oct 9 Put 900

Net position exposure

Covered calls 5000 shares
Naked calls 5500 shares
Naked Puts 10500 shares

WFR along with the rest of the market looks down here, will update position weekly and see how things work out. Premium recieved doesn't include commish expense for sake of simplicity. Positions may be added or closed prior to expiration.

dealmakr
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