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Strategies & Market Trends : Calls and Puts for Income
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To: dealmakr who wrote (4909)6/11/2011 6:40:25 AM
From: dealmakr   Read Replies (2) of 5891
 
Trading Position CSCO 06/10/11

The stock just couldn't hold up along with the rest of the market and should have covered the short Jun puts early in the week. Took exercise on 2500 shares @ 16 to get DCA lower, but still under water by a significant amount. Market looking very weak and under pressure.

The trades posted here are used specifically in an options trading position and are not reflective of what also may take place overall in swing & daytrading CSCO where the profits / losses won't be applied here and the size of the position much larger and the timeframe much shorter, but every type of trade has its own parameters for risk/reward.

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*
04/12/11 Bot 1500 CSCO 17.58 (26370)
04/12/11 Sold 10 May 18 Call .45*
04/13/11 Bot 1000 CSCO 17.28 (17280)
04/25/11 Sold 25 04/29 17 Put .14*
05/09/11 Sold 50 05/13/11 16 Put .05*
05/09/11 Sold 25 05/13/11 17 Put .25*
05/16/11 Sold 10 Jun 17 Put .58*
05/16/11 Sold 25 Jul 17.5 Call .31
05/17/11 Sold 15 Jun 17 Put .63*
05/17/11 Sold 10 Aug 16 Put .61
05/18/11 Sold 15 Aug 16 Put .65
05/23/11 Sold 50 05/27/11 16 put .06*
06/03/11 Sold 75 06/10/11 16 put .15*
06/10/11 Bot 2500 CSCO 16 exercise (40000)

Closed trades Profit/Loss

04/13/11 Bot close 25 Apr 18 Put .76 (850)
04/29/11 Expired 25 04/29/11 17 Put 350
05/13/11 Expired 50 05/13/11 16 put 250
05/13/11 Bot close 25 05/13/11 17 put .15 250
05/21/11 Expired 25 May 18 Call 1200
05/27/11 Expired 50 05/27/11 16 Put 300
06/10/11 Bot close 50 06/10/11 16 Put .71 (2800)
06/10/11 Bot close 25 Jun 17 Put 1.93 (3300)
06/10/11 Exercised 25 06/10/11 put 375

Total return on closed trades (4225)

Short 25 Jul 16 Put 1125
Short 25 Jul 17.5 Call 775
Short 25 Aug 16 Put 1585

Net Position Exposure

Long 5000 CSCO avg/share 16.73 (83650)

Stock closed 06/10 15.12

Covered Calls 2500 shares
Naked Puts 5000 shares

Short puts will be adjusted and traded depending upon market conditions. Stock is oversold, but when a bounce occurs is anyones guess.

Good Trading
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