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Strategies & Market Trends : Calls and Puts for Income
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To: dealmakr who wrote (4588)9/19/2010 4:07:31 AM
From: dealmakr   Read Replies (2) of 5891
 
Opening position WFR updated 09/17/10

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
06/15/10 Bot 1000 WFR 11.50
06/15/10 Sold 25 Oct 13 Call .85
06/15/10 Sold 15 Oct 9 Put .50
06/24/10 Sold 25 Aug 9 Put .39
06/24/10 Sold 25 Aug 12 Call .45
07/01/10 Sold 25 Jul 9 Put .27
07/01/10 Sold 15 Oct 9 Put 1
07/07/10 Sold 25 Jul 11 Call .07
07/07/10 Sold 25 Aug 8 Put .20
07/08/10 Sold 10 Aug 11 Call .58
07/09/10 Sold 25 Aug 12 Call .30
07/14/10 Sold 25 Aug 12 Call .31
07/19/10 Sold 10 Sep 11 Call .60
07/19/10 Sold 10 Sep 9 Put .45
07/21/10 Sold 20 Oct 12 Call .66
07/22/10 Sold 25 Sep 13 Call .28
07/22/10 Sold 10 Aug 11 Put .56
07/30/10 Sold 15 Sep 11 Call .20
08/06/10 Sold 25 Sep 9 Put .32
08/10/10 Sold 25 Aug 11 Call .09
08/12/10 Sold 35 Sep 11 Call .31
09/02/10 Sold 60 Sep 12 Call .06
09/10/10 Sold 15 Oct 11 Call .40
09/13/10 Sold 15 Oct 11 Call .53
09/17/10 Sold 30 Oct 12 Call .24

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
06/14/10 Bot Close 50 WFR Jun 9 Put .01 725
06/15/10 Bot Close 50 WFR Jun 12 Call .09 (100)
06/15/10 Bot Close 25 WFR Jun 11 Put .13 450
06/15/10 Bot Close 50 WFR Jul 10 Put .23 1150
06/15/10 Bot Close 25 WFR Oct 6 Put .10 250
07/02/10 Bot Close 25 WFR Jul 12 Call .03 725
07/07/10 Bot Close 35 WFR Oct 13 Call .30 1625
07/16/10 Bot Close 25 WFR Jul 12 Put 1.80 (2600)
07/16/10 Bot Close 25 WFR Aug 8 Put .15 125
07/17/10 Expired 25 WFR Jul 9 Put 675
07/17/10 Expired 25 WFR Jul 11 Call 175
07/21/10 Bot Close 75 WFR Aug 12 Call .29 475
07/22/10 Bot Close 25 WFR Aug 9 Put .10 725
07/23/10 Bot Close 30 WFR Oct 9 Put .29 1380
07/23/10 Bot Close 10 WFR Sep 9 Put .18 270
08/02/10 Bot Close 25 WFR Sep 13 Call .03 625
08/06/10 Bot Close 20 WFR Oct 12 Call .18 960
08/18/10 Bot Close 10 WFR Aug 11 Put .47 90
08/18/10 Bot Close 25 WFR Sep 9 Put .11 525
08/18/10 Bot Close 35 WFR Aug 11 Call .06 655
09/02/10 Bot Close 60 WFR Sep 11 Call .36 (175)
09/17/10 Expired 60 WFR Sep 12 Call 360

Total return P/L on closed trades 14435

Total position Cost / Premium received

Long 6000 WFR avg 12.66 (75950)

Short 30 Oct 11 Call 1395
Short 30 Oct 12 Call 720

Net position exposure

Covered calls 6000 shares

Stock closed at 11.30 so position bot now back to avg cost of 12.66 is underwater by 1.36/share. No further stock trades will be listed unless as a result of exercise or assignment or hedging. I am only updating this now monthly as I am not looking to be aggressive here on taking on too much exposure until the market settles out a bit one way or another. Even with all of the option premium received, the position is about even. I wrote the Sep 11 Calls with the market being weak overall and am willing to go out at this level and look for a better play.

Well took a chance and rolled out from Sep to Oct when WFR neared the 11 strike and the short calls could be bot back for a small loss and Sep 12's written for small gain. By spreading the Oct strikes from 11-12 now have an average of 11.50 sale if called out plus premium received of additional .35/share to bring sales basis to 11.85 or a loss of .81/share on the position. With all options premium received over the course of the trade, would now show a decent profit if stock was called away. Will be looking maybe to adjust positions again this month if WFR can hold up and possibly write a few puts if enough premium can be gained with associated risk.

Good Trading

dealmakr
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