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Strategies & Market Trends : Calls and Puts for Income
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To: dealmakr who wrote (5565)11/16/2012 4:36:42 PM
From: dealmakr   Read Replies (1) of 5891
 
Updated Position HBAN 11/16/12

03/04/11 Bot 8000 HBAN 6.53 (52240)
03/04/11 Sold 80 Apr 6 put .12*
03/04/11 Sold 80 Apr 7 call .13*
03/07/11 Bot 2500 HBAN 6.68 (16700)
03/07/11 Sold 25 Jul 6 Put .33*
03/07/11 Sold 25 Jul 7 call .45*
03/08/11 Sold 25 Jul 6 Put .30*
03/09/11 Bot 5000 HBAN 6.77 (33850)
03/14/11 Sold 50 Jul 8 call .16*
03/18/11 Sold 50 Oct 6 Put .48*
03/23/11 Sold 30 May 7 Call .17*
03/28/11 Bot 3000 HBAN 6.67 (20010)
04/21/11 Sold 40 Oct 6 Put .36*
04/21/11 Sold 40 Oct 8 Call .15*
04/21/11 Bot 4000 HBAN 6.57 (26280)
04/28/11 Sold 80 May 7 Call .07*
04/28/11 Sold 25 Oct 7 Put .68*
05/23/11 Sold 50 Oct 7 Call .27*
06/01/11 Sold 60 Jul 7 Call .06*
06/06/11 Bot 2500 HBAN 6.04 (15100) *
06/06/11 Sold 25 Oct 6 Call .50*
06/07/11 Sold 25 Oct 6 Call .60*
06/07/11 Sold 25 Oct 7 Call .21*
06/08/11 Sold 50 Oct 7 Call .21*
06/14/11 Bot 2500 HBAN 6.36 (15900)
06/24/11 Sold 50 Aug 7 Call .06*
07/21/11 Sold 30 Sep 5 put .05*
07/21/11 Sold 100 Sep 5 Call .05*
07/21/11 Sold 50 Oct 5 Put .07*
07/21/11 Sold 50 Jan 5 Put .20*
07/26/11 Bot 2500 HBAN 6.03 (15075) *
07/26/11 Sold 25 Aug 6 Call .18*
07/27/11 Sold 25 Aug 6 Put .20*
08/04/11 Sold 25 Oct 5 put .20*
08/05/11 Sold 40 Aug 5 Put .09*
08/11/11 Sold 10 Aug 5 Put .28*
08/11/11 Sold 40 Sep 4 Put .15*
08/11/11 Sold 10 Sep 5 put .47*
08/11/11 Sold 25 Oct 6 Call .21*
08/19/11 Sold 50 Oct 4 put .26*
08/19/11 Bot 2500 HBAN 4.68 (11700) *
08/26/11 Sold 100 Jan 2.5 put .09*
08/26/11 Sold 50 Jan 7.5 Call .08*
09/20/11 Sold 40 Jan 4 Put .24*
09/20/11 Sold 40 Apr 7 Call .20*
09/20/11 Sold 50 Apr 3 put .15*
09/21/11 Sold 75 Nov 6 Call .08*
09/29/11 Sold 50 Nov 6 Call .07*
09/29/11 Sold 50 Nov 4 Put .14*
10/04/11 Sold 40 Apr 7 Call .21*
10/12/11 Sold 40 Apr 4 put .35*
10/12/11 Sold 20 Apr 7 Call .30*
10/21/11 Sold 75 Nov 5 Call .24*
10/22/11 Bot 7500 HBAN 5 (37500)*
10/22/11 Bot 2500 HBAN 7 (17500)
10/25/11 Sold 50 Dec 6 Call .07*
10/26/11 Sold 50 Dec 6 Call .06*
11/02/11 Sold 25 Dec 5 Put .26*
11/02/11 Sold 50 Jan 6 Call .14*
11/02/11 Sold 40 Apr 4 Put .28*
11/11/11 Sold 25 Dec 5 Put .20*
11/17/11 Sold 75 Jan 6 Call .12*
11/17/11 Sold 25 Apr 6 Call .37*
11/25/11 Sold 25 Apr 6 Call .22*
12/05/11 Sold 40 Jul 4 Put .32*
12/09/11 Sold 25 Apr 5 Put .45*
12/09/11 Sold 50 Jul 7 Call .14*
12/13/11 Sold 50 Apr 6 Call .17*
12/21/11 Bot 2500 HBAN 5.35 (13375)*
12/21/11 Sold 25 Jul 5 Put .55*
12/22/11 Sold 50 Jul 7 Call .18*
01/04/12 Sold 25 Apr 5 Put .21*
01/06/12 Sold 25 Jul 7 Call .23*
01/17/12 Sold 50 Jul 7 Call .24*
01/23/12 Sold 25 Jul 6 Put .62*
01/26/12 Sold 50 Jul 6 Put .80*
01/26/12 Sold 25 Jul 6 Call .36*
02/03/12 Sold 25 Mar 6 Put .31*
02/21/12 Sold 25 Oct 5 Put .31*
03/26/12 Sold 50 Apr 6 Put .07*
03/27/12 Sold 25 Oct 6 Put .41*
04/18/12 Sold 50 May 6 Put .07*
04/20/12 Sold 12 Oct 7 Call .35*
04/20/12 Sold 50 Oct 8 Call .11*
04/27/12 Sold 13 Oct 7 Call .37*
04/27/12 Sold 25 Jul 6 Put .15*
05/22/12 Sold 25 Oct 6 Put .50*
05/23/12 Sold 50 Oct 7 Call avg .265*
06/01/12 Sold 25 Oct 7 Call .24*
06/01/12 Bot 12500 HBAN 6.14 (76750)*
06/01/12 Sold 125 Jun 6 Call .21*
06/04/12 Sold 50 Oct 7 Call .21*
06/08/12 Sold 20 Jan 6 Call .70
06/08/12 Sold 25 Jan 7.5 Call .22
06/11/12 Sold 40 Jan 4 Put .11
06/11/12 Sold 25 Oct 7 Call .21*
06/11/12 Bot 2500 HBAN 6.16 (15400)*
06/18/12 Sold 40 Jan 5 Put .23
06/18/12 Sold 25 Jan 7.5 call .22
06/19/12 Sold 40 Aug 6 Put .18 (30 closed @ .01 on 07/19)
06/25/12 Sold 20 Oct 6 Call .53*
07/02/12 Sold 20 Jan 6 Put .48
07/05/12 Sold 20 Jan 6 Put .43
07/23/12 Sold 20 Jan 7.5 Call .13 (corrected)
08/02/12 Sold 10 Jan 5 Put .15
08/02/12 Sold 20 Sep 6 Put .20*
08/28/12 Sold 20 Apr 6 Put .41
08/30/12 Sold 30 Jan 7.5 Call .13
09/06/12 Sold 20 Apr 6 put .39
09/07/12 Sold 25 Apr 5 Put .14
09/11/12 Sold 20 Apr 7 Put .75
09/12/12 Bot 2000 HBAN 6.94 (13880)*
09/12/12 Bot 2000 HBAN 6.95 (13900)
09/13/12 Sold 20 Oct 7 Call .17*
10/18/12 Sold 50 Apr 8 Call .08

10/24/12 Sold 145 Dec 7 Call .05
10/25/12 Sold 25 Apr 7 Call .20
10/26/12 Sold 40 Dec 6 Put .12
11/07/12 Sold 25 Apr 6 Put .30

Closed trades Profit/Loss

03/16/11 Dividend .01 on 15500 shares 155
04/16/11 Expired 80 Apr 6 Put 960
04/16/11 Expired 80 Apr 7 Call 1040
05/21/11 Expired 110 May 7 Call 1070
05/23/11 Bot Close 50 Jul 6 Put .17 725
06/07/11 Bot close 85 Jul 7 call .03 1050
06/15/11 Dividend .01 on 27500 shares 275
07/07/11 Bot Close 90 Oct 6 Put .19 2130
07/15/11 Expired 50 Jul 8 Call 800
08/05/11 Bot close 25 Aug 6 Put .60 (1000)
08/19/11 Expired 25 Aug 6 call 450
08/19/11 Expired 50 Aug 7 call 300
08/19/11 Bot close 50 Aug 5 Put .34 (1060)
09/13/11 Bot close 40 Sep 5 put .31 (620)
09/15/11 Dividend .04 on 32500 shares 1300
09/17/11 Expired 40 Sep 4 Put 600
09/17/11 Expired 100 Sep 7 Call 500
10/04/11 Bot close 125 Oct 7 call .01 2800
10/22/11 Expired 75 Oct 6 Call 3275
10/22/11 Expired 40 Oct 8 Call 600
10/22/11 Expired 50 Oct 4 Put 1300
10/22/11 Exercised 75 Oct 5 Put 850
10/22/11 Exercised 25 Oct 7 Put 1700
11/19/11 Expired 50 Nov 4 Put 700
11/19/11 Expired 125 Nov 6 Call 950
11/19/11 Exercised 75 Nov 5 Call 1800
11/19/11 Sold 7500 HBAN 5 0 (exercise of 7500 bot @ 5 on 10/22/11)
12/09/11 Bot close 50 Dec 5 Put .04 950
12/16/11 Dividend .04 on 35000 shares 1400
12/17/11 Expired 100 Dec 6 Call 650
12/22/11 Bot close 125 Jan 6 Call .06 850
01/21/12 Expired 100 Jan 2.5 Put 900
01/21/12 Expired 40 Jan 4 Put 960
01/21/12 Expired 50 Jan 5 Put 1000
01/21/12 Expired 50 Jan 7.5 Call 400
02/03/12 Bot close 80 Apr 4 Put .02 2360
02/22/12 Bot close 50 Apr 5 Put .05 1400
03/15/12 Dividend .04 on 37500 shares 1500
03/17/12 Expired 25 Mar 6 Put 775
04/09/12 Bot close 75 Jul 6 Put .29 3375
04/21/12 Expired 50 Apr 3 Put 750
04/21/12 Expired 50 Apr 6 Put 350
04/21/12 Expired 100 Apr 7 Call 2240
04/21/12 Exercised 100 Apr 6 Call 2325
04/21/12 Sold 10000 HBAN @ 6 4750 (exercise of lowest cost shares)
05/19/12 Expired 50 May 6 Put 350
06/13/12 Sold 8100 HBAN @ 6 (1134) (exercise of 8100 bot @ 6.14 on 06/01/12)
06/13/12 Exercised 81 Jun 6 Call 1701
06/14/12 Dividend .04 on 34400 shares 1376
06/16/12 Sold 4400 HBAN @ 6 (616) (exercise of 4400 bot @ 6.14 on 06/01/12)
06/16/12/ Exercised 44 Jun 6 call 924
06/19/12 Bot close 175 Jul 7 Call .04 2675
07/19/12 Bot close 30 Aug 6 Put .01 510
07/21/12 Expired 40 Jul 4 Put 1280
07/21/12 Expired 25 Jul 5 Put 1375
07/21/12 Expired 25 Jul 6 Put 375
07/21/12 Exercised 25 Jul 6 Call 900
07/21/12 Sold 2500 HBAN 6 (400) (exercise of 2500 bot@ 6.16 on 06/11/12)
08/18/12 Expired 10 Aug 6 Put 180
08/29/12 Bot close 50 Oct 8 Call .01 500
09/11/12 Bot close 50 Oct 6 Put .05 2025
09/13/12 Exercised 20 Oct 6 Call 1060
09/13/12 Sold 2000 HBAN 6 (1880) (exercise of 2000 bot @ 6.94 on 09/12/12)
09/13/12 Dividend .04 on 29500 shares 1180
09/22/12 Expired 20 Sep 6 Put 400
10/20/12 Expired 25 Oct 5 Put 775
10/20/12 Expired 195 Oct 7 Call 4741

Total return on closed trades 67882

Long 29500 HBAN avg/share 6.66 (196380)

Stock closed 11/16/12 6.01

Short 40 Dec 6 Put 480
Short 145 Dec 7 Call 725
Short 40 Jan 4 Put 440
Short 50 Jan 5 Put 1070
Short 40 Jan 6 Put 1820
Short 20 Jan 6 Call 1400
Short 100 Jan 7.5 Call 1750
Short 25 Apr 5 Put 350
Short 65 Apr 6 Put 2350
Short 20 Apr 7 Put 1500
Short 25 Apr 7 Call 500
Short 50 Apr 8 Call 400

Net Position Exposure

Covered calls 29500 shares
Naked Calls 4900 shares
Naked puts 28000 shares

A 10% drop from the last expiration to me is a bit much with this company executing on their plan and from a low of around 5.80 it closed at the 6 strike just for expiration. Sold the Dec 7 calls to take in a bit of premium and also opened more NP's. I think that next year will bring an increase to the dividend and continued stock repurchases if conditions prevail.

Still like the story here and will trade around it. Options can be closed early depending upon market conditions.

Good Trading

dealmakr
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