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Strategies & Market Trends : Calls and Puts for Income

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To: dealmakr who wrote (5625)1/18/2013 4:17:08 PM
From: dealmakr    of 5891
 
WHZ 01/18/13

Didn't get the chance to add to the position before it took off so just the 15 Jan puts expiring were all she wrote. This one bears watching every now and again as the price of oil will be relevant and the large distribution also, may play this one again from time to time as there is still a lot of time on the clock before the trust ends.

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
01/19/13 Expired 15 Jan 15 Put 675

Total Return P/L on closed trades 1875

Stock Trading 01/18/13 @ 16.89

Net Position Exposure 0

Position Closed

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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