SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Calls and Puts for Income
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: dealmakr who wrote (4232)5/8/2010 1:16:11 PM
From: dealmakr 1 Recommendation  Read Replies (1) of 5891
 
Opening position WFR updated 05/07/10

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
05/06/10 Sold 15 Oct 9 Put .75
05/06/10 Sold 15 May 11 Put .33
05/07/10 Sold 15 Jul 14 Call .60
05/07/10 Sold 15 Jul 10 Put .65
05/07/10 Bot 1500 WFR 11.60

Closed trades Profit or loss

05/07/10 Bot close 25 May 13 Call .29 1100

Total position

Long 6500 WFR avg 12.60 (81,875)
Short 40 May 12 Put 1220
Short 40 May 11 Put 870
Short 55 Jun 13 Call 4020
Short 25 Jun 15 Call 775
Short 15 Jul 14 Call 900
Short 25 Jul 12 Put 1900
Short 40 Jul 10 Put 1800
Short 30 Oct 9 Put 900

Net position exposure

Covered calls 6500 shares
Naked calls 3000 shares
Naked Puts 17500 shares

Bot additional 1500 WFR looking for a bounce and probably won't hold long or write, but wanted a bit of upside protection in a bounce play or market oversold countertrend rally. A bit overlong exposure on the put side and hoping to bring back in the May 12's near where I wrote them, but who knows, may roll them out or close them, have to be flexible on every trade.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News