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Strategies & Market Trends : Calls and Puts for Income

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To: dealmakr who wrote (4935)	8/20/2011 8:55:27 AM
From: dealmakr	Read Replies (1) of 5891

Updated position XRX 08/19/11 11/30/10 Sold 50 Dec 11 Put .16* 11/30/10 Sold 30 Dec 11 Put .15* 12/06/10 Bot 3000 XRX 11.74 12/06/10 Sold 30 Apr 12 Call .82* 12/31/10 Sold 25 Jul 9 Put .30* 01/21/11 Sold 30 Feb 12 Call .12* 01/27/11 Sold 30 Feb 11 Call .16* 02/09/11 Sold open 30 Jul 12 Call .32* 02/22/11 Bot 1500 XRX 11 02/22/11 Sold 15 Apr 11 Call .46* 02/23/11 Sold 25 Oct 9 Put .52* 03/14/11 Sold 15 Oct 12 Call .40* 03/16/11 Sold 15 Jul 11 Call .30* 03/16/11 Sold 25 Oct 12 Call .30* 03/22/11 Sold 15 May 11 Call .16* 03/25/11 Bot 1500 XRX 10.68 (16020) 04/11/11 Sold 20 Oct 12 Call .47* 04/12/11 Sold 30 May 10 Put .14* 05/06/11 Bot 1500 XRX 10.35 (15525) 05/06/11 Sold 20 Jun 10 Put .23* 05/23/11 Sold 30 Jul 11 Call .11* 05/25/11 Sold 25 Jul 9 Put .16* 06/08/11 Bot 1500 XRX 9.47 (14205) 06/08/11 Sold 35 Oct 11 Call .17 06/29/11 Sold 25 Aug 9 Put .12* 06/29/11 Sold 25 Jan 9 Put .52 07/22/11 Sold 40 Sep 9 put .11 07/22/11 Sold 55 Sep 11 call .12* 07/29/11 Sold 25 Oct 9 Put .40 07/29/11 Sold 25 Oct 10 Call .30 08/01/11 Sold 25 Oct 10 Call .21 08/02/11 Sold 20 Sep 9 put .40 08/05/11 Sold 25 Aug 8 Put .18* 08/17/11 Sold 25 Sep 8 Put .24 08/17/11 Sold 25 Oct 8 Put .44 08/19/11 Sold 25 Oct 7 put .43 08/19/11 Bot 1500 XRX 7.51 (11265) Closed Trades Profit/Loss 12/18/10 Expired 80 Dec 11 Put 1250 12/29/10 Dividend .0425 on 3000 shares 127.5 01/21/11 Bot close 30 Apr 12 Call .28 1620 02/13/11 Bot close 30 Feb 11 Call .13 90 02/19/11 Expired 30 Feb 12 Call 360 03/25/11 Bot close 15 Apr 11 Call .05 615 03/25/11 Bot close 30 Jul 12 Call .14 540 03/29/11 Dividend .0425 on 6000 shares 255 04/11/11 Bot close 25 Jul 9 Put .13 425 05/21/11 Expired 30 May 10 Put 420 05/21/11 Expired 15 May 11 Call 240 06/08/11 Bot close 45 Jul 11 call .03 645 06/08/11 Bot close 20 Jun 10 Put .59 (900) 06/28/11 Dividend .0425 on 9000 shares 382.5 07/01/11 Bot close 25 Oct 9 Put .18 850 07/15/11 Expired 25 Jul 9 Put 400 07/22/11 Bot close 60 Oct 12 Call .07 1870 08/02/11 Bot close 55 Sep 11 call .03 495 08/05/11 Bot close 25 Aug 9 Put .70 (1450) 08/19/11 Bot close 25 Aug 8 Put .53 (875) Total Return P/L on closed trades 7360 Long 10500 XRX avg/share 10.36 (108735) Stock closed 08/19 7.32 Short 25 Sep 8 Put 600 Short 60 Sep 9 Put 1240 Short 25 Oct 7 Put 1075 Short 25 Oct 8 Put 1100 Short 25 Oct 9 Put 1000 Short 50 Oct 10 Call 1275 Short 35 Oct 11 Call 595 Short 25 Jan 9 Put 1300 Net Position Exposure Covered Calls 8500 shares Naked Puts 18500 shares This stock has been beaten down even more than most others in the current selloff. Rolled the Aug strikes for NP's down twice and had to buy them back in while opening lower NP's in Sep & Oct for lower strikes. Decided to take in an additional 1500 shares rather than having an exercise at 8 and dropped the DCA by .47/share on the total position. Doesn't seem to matter at this time however and find myself overleveraged in the NP side as opposed to the call side. Will be looking to roll down and out the Sep 9 puts and will also add another 1500 shares at 7 if it gets there reducing further the DCA to under 10. This trade has been a loser and using naked put options has increased the losses when it broke down from 9. Forward PE now down under 6 and will stay around for a while looking to work through it. Good Trading dealmakr

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