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Strategies & Market Trends : Calls and Puts for Income
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To: dealmakr who wrote (5112)5/18/2012 6:03:17 PM
From: dealmakr   Read Replies (1) of 5891
 
Updated position 05/18/12 SOHU

03/23/12 Bot 1000 SOHU 55.2
03/23/12 Sold 10 Apr 57.5 Call 2.00*
03/23/12 Sold 20 Apr 47.5 Put .60*
03/26/12 Sold 10 Sep 47.5 Put 3.90
03/30/12 Sold 10 May 47.5 Put 1.40*
04/04/12 Sold 10 Apr 47.5 Put .60*
04/04/12 Sold 10 Sep 47.5 Put 5.00
04/10/12 Sold 5 Apr 47.5 Put .91*
04/10/12 Sold 10 Sep 47.5 Put 6.10
04/10/12 Sold 10 Apr 55 Call .35*
04/20/12 Sold 10 May 57.5 Call 1.20*
05/17/12 Sold 10 Sep 40 Put 3.90

Closed Trades Profit/Loss

04/10/12 Bot close 10 Apr 57.5 Call .20 1800
04/21/12 Expired 35 Apr 47.5 Put 2255
04/21/12 Expired 10 Apr 55 Call 350
05/17/12 Bot close 10 May 47.5 Put 3.2 (1800)
05/19/12 Expired 10 May 57.5 Call 1200

Total return P/L on closed trades 3805

Long 1000 SOHU (55200)

Stock closed 05/18/12 41.95

Short 10 Sep 40 Put 3900
Short 30 Sep 47.5 Put 15000

Net position exposure

Naked Puts 4000 shares

Earnings beat by .05 @ .53 , but that didn't stop the stock from dropping 20% last month. Took the opportunity to roll out and down my May 47.5 puts to the Sep 40 strike for a small credit to get out of the way for a while. Now about 23 / share in cash and still a profitable company. Will open another round of CC's and maybe some Jun puts in the 35-37.5 area.

dealmakr
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