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Strategies & Market Trends : Calls and Puts for Income
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To: dealmakr who wrote (4877)4/28/2011 12:22:49 PM
From: dealmakr   Read Replies (1) of 5891
 
Updated Position HBAN 04/22/11

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*
03/07/11 Bot 2500 HBAN 6.68 (16700)
03/07/11 Sold 25 Jul 6 Put .33
03/07/11 Sold 25 Jul 7 call .45
03/09/11 Bot 5000 HBAN 6.77 (33850)
03/14/11 Sold 50 Jul 8 call .16
03/18/11 Sold 50 Oct 6 Put .48
03/23/11 Sold 30 May 7 Call .17
03/28/11 Bot 3000 HBAN 6.67 (20010)
04/21/11 Sold 40 Oct 6 Put .36
04/21/11 Sold 40 Oct 8 Call .15
04/21/11 Bot 4000 HBAN 6.57 (26280)
04/28/11 Sold 80 May 7 Call .07
04/28/11 Sold 25 Oct 7 Call .68

Closed trades Profit/Loss

03/16/11 Dividend .01 on 15500 shares 155
04/16/11 Expired 80 Apr 6 Put 960
04/16/11 Expired 80 Apr 7 Call 1040

Total return on closed trades 2155

Long 22500 HBAN avg/share 6.63 (149080)

Short 110 May 7 Call 1070
Short 25 Jul 6 Put 825
Short 25 Jul 7 Call 1125
Short 50 Jul 8 Call 800
Short 90 Oct 6 Put 3840
Short 25 Oct 7 Put 1700
Short 40 Oct 8 Call 600

Net Position Exposure

Naked puts 14000 shares
covered calls 22500 shares

Decided to open up some short term calls for May @ 7 and sell some ITM Oct 7 Puts. Stock looks fairly strong here today and the question is will it crack over 7 prior to expiration or fade back.

Good Trading

dealmakr
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