Calls and Puts for Income Message Board

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Strategies & Market Trends : Calls and Puts for Income

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To: dealmakr who wrote (4785)	1/30/2011 7:15:03 AM
From: dealmakr	Read Replies (2) of 5891

Updated position XRX 01/28/11 11/30/10 Sold 50 Dec 11 Put .16* 11/30/10 Sold 30 Dec 11 Put .15* 12/06/10 Bot 3000 XRX 11.74 12/06/10 Sold 30 Apr 12 Call .82* 12/31/10 Sold 25 Jul 9 Put .30 01/21/11 Sold 30 Feb 12 Call .12 01/27/11 Sold 30 Feb 11 Call .16 Closed Trades Profit/Loss 12/18/10 Expired 80 XRX Dec 11 Put 1250 12/29/10 Dividend .043 on 3000 shares 129 01/21/11 Bot close 30 Apr 12 Call .28 1620 Total Return P/L on closed trades 2999 Long 3000 XRX 11.74 (35220) Short 30 Feb 11 Call 480 Short 30 Feb 12 Call 360 Short 25 Jul 9 Put 750 Net Position Exposure Naked Calls 3000 shares Covered Calls 3000 shares Naked Puts 2500 shares XRX after earnings acted like quite a few others and sold off. Opened a round of closer to the money short calls with the premise that there won't be any rapid bounce in this stock until things settle out a bit. By reducing the call strike to 11 there is a possibility of losing the stock for less than the price of purchase, but they can be bot back rolled out or closed depending upon price action. Good Trading dealmakr

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