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Strategies & Market Trends : Calls and Puts for Income

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To: dealmakr who wrote (4624)	9/25/2010 6:29:22 AM
From: dealmakr	Read Replies (1) of 5891

Opening position WFR updated 09/24/10 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 09/22/10 Sold 15 Nov 12 Call .33 09/22/10 Sold 15 Oct 11 Put .54 09/23/10 Sold 15 Nov 12 Call .30 09/23/10 Sold 30 Nov 12 Call .45 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 09/22/10 Bot Close 30 WFR Oct 12 Call .10 420 09/23/10 Bot Close 30 WFR Oct 11 Call .56 (285) 09/24/10 Bot Close 15 WFR Oct 11 Put .18 540 Total return P/L on closed trades 15110 Total position Cost / Premium received Long 6000 WFR avg 12.66 (75950) Short 60 Nov 12 Call 2295 Net position exposure Covered calls 6000 shares Stock closed at 11.79 so position bot now back to avg cost of 12.66 is underwater by .87/share. No further stock trades will be listed unless as a result of exercise or assignment or hedging. Sometimes things happen quickly in the market and adjustments can be made hopefully to improve the position. The overall market showed a nice upward bias last week and WFR participated. When the short Oct 12 calls could be bot back having lost better than 60% of the valuation in less than a week, decided to take the profit and see if there was the opportunity for more gains in the stock. Also sold a few Oct 11 Puts that decayed better than 60% over 2 days so the meat of the move there had been made and were repurchased. With the stock showing strength, I bot back in the short Oct 11 Calls for a small loss and wrote the Nov 12 call strike. Timing could have been better on the writing of the Nov 12's, but thats how it goes. If called away in Nov @ 12 would now have an average loss/share of about .28 in closing the trade. With all premium received from options the loss is easily absorbed. Will see what Mr. Market has in store from here and maybe more adjustments depending upon conditions are a possibility. Good Trading dealmakr

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