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Strategies & Market Trends : Calls and Puts for Income

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To: dealmakr who wrote (5608)12/21/2012 5:29:02 PM
From: dealmakr   Read Replies (1) of 5891
 
WHZ 12/21/12

Look like the stock will be called away and will look at revisiting the position again, maybe from the short put side if it sells down under 15 or by repeating a long position and CC write if premium is good.

12/06/12 Bot 3000 WHZ 14.95 ((44850)
12/06/12 Sold 30 Dec 15 Call .35

12/22/12 Exercised 30 Dec 15 Call 1050
12/22/12 Sold 3000 WHZ 15 150

Position closed

Return 1200

Figured the return is about 2.67% if called for 2 weeks exposure

A special situation that is dependant upon many things and I advise a lot of caution and read up on it to understand some of the risks before trading.

A few thoughts on SA;

http://seekingalpha.com/article/731301-a-tale-of-two-trusts-whiting-royalty-trusts-i-and-ii?source=yahoo

Good Trading

dealmakr
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