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Strategies & Market Trends : Calls and Puts for Income

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To: dealmakr who wrote (4868)4/16/2011 7:48:45 AM
From: dealmakr   Read Replies (1) of 5891
 
Updated Position SVU 04/16/11

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
03/29/11 Bot 2500 SVU 8.77 (21925)
03/29/11 Sold 25 May 9 Call .55
04/04/11 Bot 2500 SVU 8.99 (22475)*
04/04/11 Sold 25 Apr 9 Call .35*

Closed trades Profit/Loss

04/16/11 Expired 40 Apr 7 Put 200
04/16/11 Exercised 25 Apr 9 Call 875
04/16/11 Sold 2500 SVU 9 25

Total return P/L on closed trades 1100

Long 6500 SVU avg/share 8.53 (55445)

Short 25 May 9 Call 1375
Short 40 Jul 9 Call 2400

Net Position Exposure

covered calls 6500 shares

Earnings were well received by the market with the stock spiking over 10, dividend also declared. Will see how the stock trades at the new level before adding or reducing exposure.

Good Trading

dealmakr
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