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Strategies & Market Trends : Calls and Puts for Income

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To: dealmakr who wrote (4869)4/12/2011 7:47:22 AM
From: dealmakr   Read Replies (1) of 5891
 
Trading Position CSCO 04/12/11

One of my favorite day & swing trading stocks and usually have some options exposure in NP's for a bit of income. Decided to post the open options position for comment. The May 18 calls were opened as it looks like the Apr 18 puts will be exercised. Lots going on with this company in terms of execution and will see if Chambers can pull things together. The dividend at .06 was a non starter to many, should have been double. With CSCO on the weekly series there are more opportunities available also.

12/31/10 Sold 25 Apr 18 Put .42
02/23/11 Sold 25 Jul 16 Put .45
04/11/11 Sold 15 May 18 Call .50

Closed trades Profit/Loss

Total return on closed trades

Short 25 Apr 18 Put 1050
Short 15 May 18 Call 750
Short 25 jul 16 Put 1125

Net Position Exposure

Naked puts 5000 shares
Naked calls 1500 share

Good Trading

dealmakr
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