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Strategies & Market Trends : Calls and Puts for Income
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To: dealmakr who wrote (5008)2/18/2012 6:04:09 AM
From: dealmakr   Read Replies (2) of 5891
 
Position updated SVU 02/18/12

Earnings were a disappointment and the stock sold way off from the 8+ level it was trading at. Still the same story here about the market being worried over the large amount of debt. Short interest keeps on rising and any good news that comes out will bring some relief. Sold the Apr 8 calls and even though they are below the cost basis on the 4000 piece at 8.70, the new cost basis of 8.30 and the upcoming dividend and premium received makes this kind of a flat trade. Will look to add some more CC's on any rally, hopefully for a shorter term duration.

Added a few more Apr 8 CC's and will see how things look before adding any short puts.

07/27/11 Bot 4000 SVU 8.70 (34800)
07/27/11 Sold 40 Aug 9 Call .30*
08/01/11 Sold 25 Aug 8 Put .25*
08/10/11 Sold 25 Aug 7 Put .40*
08/10/11 Sold 25 Aug 7 Put .46*
08/10/11 Sold 20 Oct 9 Call .2*
08/12/11 Sold 20 Oct 9 Call .31*
08/12/11 Sold 50 Aug 6 Put .06*
08/19/11 Bot 2500 SVU 8 (20000) exercise*
08/26/11 Sold 20 Sep 7 Put .46*
08/31/11 Sold 25 Sep 8 Call .35*
09/29/11 Sold 25 Oct 8 Call .10*
10/24/11 Sold 20 Nov 8 Put .36*
10/26/11 Sold 40 Nov 9 Call .15*
11/04/11 Sold 20 Jan 7.5 Put .75*
11/10/11 Sold 20 Dec 8 Put .50*
11/17/11 Sold 40 Jan 9 Call .35*
01/09/12 Sold 20 Jan 7.5 Put .16*
01/20/12 Sold 40 Apr 8 Call .20
01/21/12 Bot 2000 SVU 7.50 (15000) exercise
01/31/12 Sold 20 Apr 8 Call .20

Closed trades Profit/Loss

08/19/11 Expired 50 Aug 6 put 300
08/19/11 Expired 40 Aug 9 Call 1200
08/19/11 Exercise 25 Aug 8 Put 625
08/19/11 Bot close 50 Aug 7 Put .05 1900
08/30/11 Dividend on 6500 SVU 568.75
09/17/11 Expired 20 Sep 7 Puts 920
09/17/11 Expired 25 Sep 8 Calls 875
10/22/11 Expired 25 Oct 8 Call 250
10/22/11 Expired 40 Oct 9 Call 1020
10/24/11 Sold 2500 SVU 8.10 250 (bot 08/19/11 @ 8)
11/19/11 Expired 20 Nov 8 Put 720
11/19/11 Expired 40 Nov 9 Call 600
11/29/11 Dividend on 4000 SVU 350
12/16/11 Bot close 20 Dec 8 Put .50 (0)
12.16.11 Bot close 20 Jan 7.5 Put .50 500
01/21/12 Exercised 20 Jan 7.5 Put 320
01/21/12 Expired 40 Jan 9 Call 1400

Total return P/L on closed trades 11798.75

Long 6000 SVU avg/share 8.3 (49800)

Stock closed 02/18/12 7.06

Short 60 Apr 8 Call 1200

Net position Exposure

Covered Calls 6000 shares

Good Trading

dealmakr
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