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Strategies & Market Trends : Calls and Puts for Income

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To: dealmakr who wrote (5177)7/6/2012 3:25:35 PM
From: dealmakr   Read Replies (3) of 5891
 
07/06/12 Updated Position ETFC

06/19/12 Bot 3000 ETFC 7.91 (23730)
06/19/12 Sold 30 Jul 8 Call .37
06/19/12 Sold 30 Jul 7 Put .12
06/21/12 Bot 2000 ETFC 7.83 (15660)
06/21/12 Sold 20 Jul 8 Call .32
06/22/12 Bot 2500 ETFC 7.78 (19450)
06/22/12 Sold 25 Jul 8 Call .30
06/22/12 Sold 30 Jul 7 Put .12
06/26/12 Sold 20 Oct 7 Put .56
07/02/12 Sold 10 Oct 8 Call .71
07/06/12 Sold 10 Oct 8 Call .72

Long 7500 ETFC avg/share 7.85 (58840)

Short 60 Jul 7 Put 720
Short 75 Jul 8 Call 2500
Short 20 Oct 7 Put 1120
Short 20 Oct 8 Call 1430

Net Position Exposure

Covered Calls 7500 Shares
Naked Calls 2000 Shares
Naked Puts 8000 Shares

Added a few more trades to the position and earnings out on 07/19/12 before options expiration so I figured to update here. Expectations are for .12 / 2Q on earnings and the loan book will have shrunk a bit more. Naked calls were opened with the expectation that stock can be bot to set up a CC or Jul 8 calls can be bot back in for same result. Still fairly good call premium for this stock, but won't look to add before earnings week.

Good trading

dealmakr
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