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Strategies & Market Trends : Calls and Puts for Income

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To: dealmakr who wrote (4821)3/4/2011 2:15:37 PM
From: dealmakr   Read Replies (1) of 5891
 
Updated position EK 03/04/11

Opened another round of Mar 3.5 puts, but the stock is still weak and might have to bring them in also. It now remains to be seen as to how to work this position from the standpoint of how to try and work out of the hole or to close it out and take the loss. Comments welcome.

01/05/11 Sold 50 Feb 5 Put .20*
01/05/11 Sold 50 Jul 4 Put .25
01/25/11 Sold 50 Feb 5 Put avg .555*
01/26/11 Sold 50 Jul 4 Put .70
02/07/11 Sold 50 Feb 3.5 Put .06*
02/08/11 Sold 50 Feb 3.5 Put .06*
02/23/11 Sold 50 Mar 3.5 Put .13
02/28/11 Sold 50 Mar 3.5 put .18

Closed trades Profit/Loss

02/16/11 Bot close 100 Feb 5 Put 1.34 (9625)
02/19/11 Expired 100 Feb 3.5 put 600

Total return on closed trades (9025)

Short 100 Mar 3.5 Put 1550
Short 100 Jul 4 put 4775

Net Position Exposure

Naked puts 20000 shares

Good Trading

dealmakr
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