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Strategies & Market Trends : Calls and Puts for Income

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To: dealmakr who wrote (4936)	8/20/2011 9:43:58 AM
From: dealmakr	1 Recommendation Read Replies (1) of 5891

Updated Position HBAN 08/19/11 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* 03/08/11 Sold 25 Jul 6 Put .30* 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 Put .68 05/23/11 Sold 50 Oct 7 Call .27 06/01/11 Sold 60 Jul 7 Call .06* 06/06/11 Bot 2500 HBAN 6.04 (15100) 06/06/11 Sold 25 Oct 6 Call .50 06/07/11 Sold 25 Oct 6 Call .60 06/07/11 Sold 25 Oct 7 Call .21 06/08/11 Sold 50 Oct 7 Call .21 06/14/11 Bot 2500 HBAN 6.36 (15900) 06/24/11 Sold 50 Aug 7 Call .06* 07/21/11 Sold 30 Sep 5 put .05 07/21/11 Sold 100 Sep 5 Call .05 07/21/11 Sold 50 Oct 5 Put .07 07/21/11 Sold 50 Jan 5 Put .20 07/26/11 Bot 2500 HBAN 6.03 (15075) 07/26/11 Sold 25 Aug 6 Call .18* 07/27/11 Sold 25 Aug 6 Put .20* 08/04/11 Sold 25 Oct 5 put .20 08/05/11 Sold 40 Aug 5 Put .09* 08/11/11 Sold 10 Aug 5 Put .28* 08/11/11 Sold 40 Sep 4 Put .15 08/11/11 Sold 10 Sep 5 put .47 08/11/11 Sold 25 Oct 6 Call .21 08/19/11 Sold 50 Oct 4 put .26 08/19/11 Bot 2500 HBAN 4.68 (11700) 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 05/21/11 Expired 110 May 7 Call 1070 05/23/11 Bot Close 50 Jul 6 Put .17 725 06/07/11 Bot close 85 Jul 7 call .03 1050 06/15/11 Dividend .01 on 27500 shares 275 07/07/11 Bot Close 90 Oct 6 Put .19 2130 07/15/11 Expired 50 Jul 8 Call 800 08/05/11 Bot close 25 Aug 6 Put .60 (1000) 08/19/11 Expired 25 Aug 6 call 450 08/19/11 Expired 50 Aug 7 call 300 08/19/11 Bot close 50 Aug 5 Put .34 (1060) Total return on closed trades 6895 Long 32500 HBAN avg/share 6.36 (206825) Stock closed 08/19 4.56 Short 40 Sep 4 put 600 Short 40 Sep 5 Put 620 Short 100 Sep 7 Call 500 Short 50 Oct 4 Put 1300 Short 75 Oct 5 Put 850 Short 75 Oct 6 Call 3275 Short 125 Oct 7 Call 2925 Short 25 Oct 7 Put 1700 Short 40 Oct 8 Call 600 Short 50 Jan 5 Put 1000 Net Position Exposure Covered calls 32500 shares Naked Calls 1500 shares Naked puts 28000 shares Rolled down the Aug puts to Sep & Oct to a lower strike, but still somewhat overexposed on the put side. Added a few more to reduce the DCA a bit with all of the financial stocks in market hell. Book value at 5.66/share and forward PE under 7. Still like the story here and will trade around it. Options can be closed early depending upon market conditions. Good Trading dealmakr

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