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Strategies & Market Trends : Calls and Puts for Income

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To: dealmakr who wrote (5142)6/17/2012 9:11:20 AM
From: CommanderCricket1 Recommendation  Read Replies (1) of 5891
 
dealmkr,

I'll post a few option trades as the Aug option opens up. SI needs a good option thread for us option traders and I'm willing to contribute what I can.

Current open positions are. All positions are naked unless noted.

Larger positions

IOC short Jul/Sep 55 puts
IOC short Jul 65 calls (covered 1/4 of common) . Plant to straddle these with short Jul 65 puts if IOC continues moving higher.
IOC long Sep 60 calls
SD short Jul 6 puts, Sep 6 puts
CIE short Sep 22.5 puts, short Oct 17.5 puts
CIE short Jul 25 calls (covered)
WLT short Jul 40 puts
UAL short Jul 25 calls

Michael
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