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Strategies & Market Trends : Calls and Puts for Income

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To: dealmakr who wrote (4283)	6/11/2010 4:42:11 PM
From: dealmakr	Read Replies (1) of 5891

Opening position WFR updated 06/11/10 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 Jun 15 Call .31 corrected month 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 05/10/10 Sold 25 May 11 Put .15 05/13/10 Sold 25 Jun 11 Put .31 05/14/10 Sold 25 May 11 Put .13 05/14/10 Sold 25 Jun 12 Call .70 05/14/10 Sold 10 Jul 10 Put .50 05/14/10 Sold 25 Jul 13 Call .60 05/18/10 Sold 25 Jun 12 Call .54 05/25/10 Sold 50 Jul 13 Call .28 05/25/10 Sold 25 Jun 9 Put .16 06/07/10 Sold 25 Jul 12 Call .32 06/08/10 Sold 50 Jun 12 Call .07 06/08/10 Sold 25 Jun 9 Put .15 06/08/10 Sold 25 Oct 6 Put .20 06/08/10 Sold 10 Oct 13 Call .55 Closed trades Profit or loss 05/07/10 Bot close 25 May 13 Call .29 1100 05/10/10 Sold 1500 WFR 12.40 1200 05/10/10 Bot close 25 WFR Jul 15 Call .23 200 05/10/10 Bot Close 30 WFR Oct 9 Put .57 320 05/10/10 Bot Close 40 WFR May 12 Put .44 (540) 05/14/10 Bot Close 25 WFR Jun 13 Call .39 1025 05/18/10 Bot Close 15 WFR Jul 14 Call .26 510 05/18/10 Bot Close 30 WFR Jun 13 Call .27 1210 05/20/10 Bot Close 25 WFR Jul 13 Call .52 200 05/20/10 Bot Close 90 WFR May 11 Put .40 (2030) 05/24/10 Bot Close 50 WFR Jun 12 Call .33 1450 06/08/10 Bot Close 50 WFR Jul 13 Call .14 700 Total return P/L on closed trades 5345 Total position Cost / Premium received Long 5000 WFR avg 12.89 (64450) Short 50 Jun 9 Put 775 Short 25 Jun 11 Put 775 Short 50 Jun 12 Call 350 Short 25 Jul 12 Call 800 Short 25 Jul 12 Put 1900 Short 50 Jul 10 Put 2300 Short 25 Oct 6 Put 500 Short 10 Oct 13 Call 550 Net position exposure Covered calls 5000 shares Naked Calls 3500 Naked Puts 17500 shares Stock closed at 10.78 so position bot now back to avg cost of 12.89 is underwater by 2.11/share. No further stock trades will be listed unless as a result of exercise or assignment. Company announced they resumed their stock buyback, but didn't help things much with the stock trading into the 9's last week. A few large options trades of 5k each made it look like someone was hedging possibly company using them for buyback, so decided to add a few more to the position. Will see how expiration goes next week with large OI on the call side near the money. Good Trading dealmakr

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