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Strategies & Market Trends : Calls and Puts for Income

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To: dealmakr who wrote (4834)3/23/2011 12:44:29 PM
From: dealmakr 1 Recommendation  Read Replies (3) of 5891
 
New Position SVU 03/23/11

03/23/11 Bot 4000 SVU 8.38 (33520)
03/23/11 Sold 40 Apr 7 put .05
03/23/11 Sold 40 Jul 9 call .60

Closed trades Profit/Loss

Total return on closed trades

Short 40 Apr 7 Put 200
Short 40 Jul 9 Call 2400

Net Position Exposure

Naked puts 4000 shares
covered calls 4000 shares

Have been watching this one for a while and decided to dip my toe in the water. Barron's story last week and jump there made waiting for a bit of a pullback for entry. Wrote the Apr 7 puts only because earnings are out on 4/18 after options expiration.

Good Trading

dealmakr
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