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Strategies & Market Trends : Calls and Puts for Income
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To: dealmakr who wrote (5319)8/17/2012 4:57:30 PM
From: dealmakr   Read Replies (1) of 5891
 
Updated Position XRX 08/17/12

11/30/10 Sold 50 Dec 11 Put .16*
11/30/10 Sold 30 Dec 11 Put .15*
12/06/10 Bot 3000 XRX 11.74
12/06/10 Sold 30 Apr 12 Call .82*
12/31/10 Sold 25 Jul 9 Put .30*
01/21/11 Sold 30 Feb 12 Call .12*
01/27/11 Sold 30 Feb 11 Call .16*
02/09/11 Sold open 30 Jul 12 Call .32*
02/22/11 Bot 1500 XRX 11
02/22/11 Sold 15 Apr 11 Call .46*
02/23/11 Sold 25 Oct 9 Put .52*
03/14/11 Sold 15 Oct 12 Call .40*
03/16/11 Sold 15 Jul 11 Call .30*
03/16/11 Sold 25 Oct 12 Call .30*
03/22/11 Sold 15 May 11 Call .16*
03/25/11 Bot 1500 XRX 10.68 (16020)
04/11/11 Sold 20 Oct 12 Call .47*
04/12/11 Sold 30 May 10 Put .14*
05/06/11 Bot 1500 XRX 10.35 (15525)
05/06/11 Sold 20 Jun 10 Put .23*
05/23/11 Sold 30 Jul 11 Call .11*
05/25/11 Sold 25 Jul 9 Put .16*
06/08/11 Bot 1500 XRX 9.47 (14205)
06/08/11 Sold 35 Oct 11 Call .17*
06/29/11 Sold 25 Aug 9 Put .12*
06/29/11 Sold 25 Jan 9 Put .52*
07/22/11 Sold 40 Sep 9 put .11*
07/22/11 Sold 55 Sep 11 call .12*
07/29/11 Sold 25 Oct 9 Put .40*
07/29/11 Sold 25 Oct 10 Call .30*
08/01/11 Sold 25 Oct 10 Call .21*
08/02/11 Sold 20 Sep 9 put .40*
08/05/11 Sold 25 Aug 8 Put .18*
08/17/11 Sold 25 Sep 8 Put .24*
08/17/11 Sold 25 Oct 8 Put .44*
08/19/11 Sold 25 Oct 7 put .43*
08/19/11 Bot 1500 XRX 7.51 (11265)
10/03/11 Sold 25 Oct 7 Put .43*
10/22/11 Bot 2500 XRX 8 (20000) exercise
10/25/11 Sold 50 Jan 10 Call .12*
10/26/11 Sold 50 Jan 10 Call .12 *
11/28/11 Sold 15 Apr 6 Put .27*
11/28/11 Sold 25 Jan 9 Call .10*
01/25/12 Sold 25 Feb 8 Put .22*
01/25/12 Sold 50 Mar 9 Call .06*
01/25/12 Sold 50 Jul 10 Call .12*
02/14/12 Sold 20 Jul 8 Put .58*
05/29/12 Sold 20 Jul 7 Put .27*
06/19/12 Sold 20 Aug 8 Put .47*
06/19/12 Sold 50 Jul 8 Call .15*
06/20/12 Sold 25 Oct 7 Put .27
06/20/12 Bot 5000 XRX 7.80 (39000)
06/21/12 Bot 10000 XRX 7.80 (78000)
06/22/12 Sold 100 Jul 8 Call .13*
06/25/12 Bot 5000 XRX 7.64 (38200)
06/26/12 Sold 50 Jul 8 Call .08*
06/27/12 Sold 50 Oct 9 Call .11
07/02/12 Sold 20 Aug 8 Put .40*
07/09/12 Sold 40 Aug 8 Call .15*
07/21/12 Bot 2000 XRX 7 (14000) exercise
07/21/12 Bot 2000 XRX 8 (16000) exercise
07/23/12 Sold 100 Sep 8 Call .03
07/23/12 Sold 50 Sep 6 Put .11
07/23/12 Bot 4000 XRX 6.70 (26800)
07/24/12 Sold 50 Aug 6 Put .04*
07/24/12 Bot 4000 XRX 6.69 (26760)
07/26/12 Bot 1800 XRX 8 (14400) exercise
07/31/12 Sold 40 Oct 8 Call .11
08/01/12 Bot 4000 XRX 6.93 (27720)*
08/01/12 Sold 40 Oct 8 Call .11
08/01/12 Sold 40 Aug 7 Call .15*
08/06/12 Sold 60 Sep 7 Put .31

08/13/12 Sold 50 Oct 8 Call .12
08/16/12 Sold 50 Oct 8 Call .14
08/17/12 Sold 50 Oct 8 Call .14
08/18/12 Bot 2200 XRX 8 (17600) exercise

Closed Trades Profit/Loss

12/18/10 Expired 80 Dec 11 Put 1250
12/29/10 Dividend .0425 on 3000 shares 127.5
01/21/11 Bot close 30 Apr 12 Call .28 1620
02/13/11 Bot close 30 Feb 11 Call .13 90
02/19/11 Expired 30 Feb 12 Call 360
03/25/11 Bot close 15 Apr 11 Call .05 615
03/25/11 Bot close 30 Jul 12 Call .14 540
03/29/11 Dividend .0425 on 6000 shares 255
04/11/11 Bot close 25 Jul 9 Put .13 425
05/21/11 Expired 30 May 10 Put 420
05/21/11 Expired 15 May 11 Call 240
06/08/11 Bot close 45 Jul 11 call .03 645
06/08/11 Bot close 20 Jun 10 Put .59 (900)
06/28/11 Dividend .0425 on 9000 shares 382.5
07/01/11 Bot close 25 Oct 9 Put .18 850
07/15/11 Expired 25 Jul 9 Put 400
07/22/11 Bot close 60 Oct 12 Call .07 1870
08/02/11 Bot close 55 Sep 11 call .03 495
08/05/11 Bot close 25 Aug 9 Put .70 (1450)
08/19/11 Bot close 25 Aug 8 Put .53 (875)
09/18/11 Bot close 60 Sep 9 Put 1.18 (5840)
09/12/11 Bot close 25 Sep 8 Put .75 (1275)
09/28/11 Dividend .0425 on 10500 shares 446.25
10/19/11 Bot close 25 Oct 9 Put 1.39 (2175)
10/22/11 Expired 50 Oct 7 Put 2150
10/22/11 Expired 50 Oct 10 call 1275
10/22/11 Expired 35 Oct 11 Call 595
10/22/11 Exercised 25 Oct 8 Put 1100
12/28/11 Dividend .0425 on 13000 shares 552.50
01/20/12 Bot close 25 Jan 9 Put .28 600
01/21/12 Expired 25 Jan 9 Call 250
01/21/12 Expired 100 Jan 10 Call 1200
02/14/12 Bot close 25 Feb 8 Put .02 500
03/17/12 Expired 50 Mar 9 Call 300
03/28/12 Dividend .0425 on 13000 shares 552.5
04/21/12 Expired 15 Apr 6 Put 405
06/27/12 Dividend .0425 on 33000 shares 1402.5
07/21/12 Exercised 20 Jul 7 Put 540
07/21/12 Exercised 20 Jul 8 put 1160
07/21/12 Expired 200 Jul 8 Call 2450
07/21/12 Expired 50 Jul 10 call 600
07/26/12 Exercised 18 Aug 8 Put 783

08/18/12 Expired 50 Aug 6 Put 200
08/18/12 Exercised 40 Aug 7 Call 600
08/18/12 Sold 4000 XRX 7 280 (exercise of 4000 bot @ 6.93 on 08/01/12)
08/18/12 Expired 40 Aug 8 Call 600
08/18/12 Exercised 22 Aug 8 Put 957

Total Return P/L on closed trades 17568.75

Long 49000 XRX avg/share 8.15 (399495)

Stock closed 08/17/12 7.41

Short 50 Sep 6 Put 550
Short 60 Sep 7 Put 1860
Short 100 Sep 8 Call 300
Short 25 Oct 7 Put 675
Short 270 Oct 8 Call 3760
Short 50 Oct 9 Call 550

Net Position Exposure

Covered Calls 42000 shares
Naked Puts 13500 shares

Will be opening more CC's on any type of strength.

This trade has been a loser and using naked put options has increased the losses when it broke down from 9.

Company continues to add to the buyback with an additional 10+ mm shares done after 06/30 in July. Am trying to get the DCA down near 8 or so and with call premium still low, its a small change game trying to generate premium, but if the stock can be called away @8 will have salvaged something here from a long term bout of angst. Sold the Aug 7 calls when the stock pulled back last week and will take exercise on the Aug 8 Puts.

Stock participated in the ongoing rally and Aug expiration results were ok. DCA has increased to 8.15/share with the loss of 4000 sold @ 7 and 2200 bot at exercise @ 8, but the whole purpose of adding to the position and trying to reduce the DCA is to have the possibility of getting called away and not from a specific profit perspective. Still looking for the exit door here.

Good Trading

dealmakr
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