Calls and Puts for Income Message Board

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Strategies & Market Trends : Calls and Puts for Income

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To: dealmakr who wrote (4913)	7/15/2011 4:07:08 PM
From: dealmakr	1 Recommendation Read Replies (1) of 5891

Trading Position CSCO 07/15/11 CSCO still can't seem to get legs. After a huge layoff announcement and the stock trading up near the 16 strike and not taking it out, decided to reduce put exposure at that level. The Jul 16 puts were bot back in about flat and the Aug 16 puts at a small loss. Aug Calls were opened and short term weekly puts may be opened depending upon market conditions. Still underwater on this setup, but have had better success in short term trading the stock as opposed to writing options. Lots going on worldwide and have reduced open NP's all around until the tea leaves become a bit more readable. 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) 07/13/11 Sold 25 Aug 16 Call .44 07/13/11 Sold 25 Aug 17 Call .16 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 07/05/11 Dividend .06 on 5000 shares 300 07/13/11 Bot close 25 Jul 16 Put .42 75 07/14/11 Bot close 25 Aug 16 put .75 (290) 07/15/11 Expired 25 Jul 17.5 Call 775 Total return on closed trades (3365) Short 25 Aug 16 Call 1100 Short 25 Aug 17 Call 400 Net Position Exposure Long 5000 CSCO avg/share 16.73 (83650) Stock closed 07/15 15.59 Covered Calls 5000 shares Stock is oversold, but when a bounce occurs is anyones guess. Value Trap? Good Trading dealmakr

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