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Strategies & Market Trends : Calls and Puts for Income

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To: dealmakr who wrote (5624)12/24/2012 12:29:17 PM
From: dealmakr   Read Replies (1) of 5891
 
WHZ 12/24/12

Reopened the trade from the short put side and sold the Jan 15 puts for .45. Will be looking to pick up an additional short 15 puts to bring back the size to 3000 shares. If this one can bounce around the strike area will look to play both sides depending upon market conditions.

12/06/12 Bot 3000 WHZ 14.95 ((44850)*
12/06/12 Sold 30 Dec 15 Call .35*
12/24/12 Sold 15 Jan 15 put .45

Closed Trades Profit/Loss

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

Total Return P/L on closed trades 1200

Short 15 Jan 15 Put 675

Stock Trading 12/24/12 @ 15

Net Position Exposure

Naked Puts 1500 shares

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;

seekingalpha.com

Good Trading

dealmakr
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