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Strategies & Market Trends : Calls and Puts for Income

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To: dealmakr who wrote (4821)3/4/2011 2:10:18 PM
From: dealmakr   Read Replies (2) of 5891
 
New Position HBAN 03/04/11

03/04/11 Bot 8000 HBAN 6.53 (52240)
03/04/11 Sold 80 Apr 6 put .12
03/04/11 Sold 80 Apr 7 call .13

Closed trades Profit/Loss

Total return on closed trades

Short 80 Apr 6 Put 960
Short 80 Apr 7 Call 1040

Net Position Exposure

Naked puts 8000 shares
covered calls 8000 shares

Opened a position here and will add if it breaks down near 6. A regional bank that may be on the comeback trail. Have been scalping this one intraday, earning out in Apr and will see how things look from there.

Good Trading

dealmakr
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