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Strategies & Market Trends : Calls and Puts for Income

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To: Keith J who wrote (5653)1/26/2013 6:13:39 AM
From: dealmakr   Read Replies (1) of 5891
 
Market looking a wee bit frothy and with vol staying low on many names its been tough for me on selling opening positions with NP's.

Did a few short NFG Apr 45 Puts @ .60 and will look to add in duration and strikes, had watched this every now and again, but Barron's article with Gabelli picking it made me put some dough to work.

Added a few ZNGA Mar 2.5 puts @ .23 will see how it works out.

Short a few AAPL May 345 puts just to get a toe in the water.

Am also short a few SPY 02/01 151 Calls against my longs as a small hedge.

Its very tough to write NP's with premium that I feel isn't justified to taking a large risk, so will sit and wait on a lot of plays looking for vol to lift off a bit.

Good Trading

dealmakr
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