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Strategies & Market Trends : Calls and Puts for Income

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To: dealmakr who wrote (5665)2/6/2013 11:00:35 AM
From: dealmakr   Read Replies (2) of 5891
 
Updated position VELT 02/06/13

02/04/13 Bot 1500 VELT 3.91 (5865)
02/04/13 Sold 15 Mar 5 Call .20
02/05/13 Bot 1500 VELT 3.91 (5865)
02/05/13 Sold 15 Mar 5 Call .20
02/06/13 Bot 2000 VELT 3.90 (7800)
02/06/13 Sold 20 Mar 5 Call .20
02/06/13 Sold 60 May 2.5 Put avg .205

Closed trades Profit/Loss

Total return on closed trades

Long 5000 VELT 3.91 (19530)

Stock Trading 3.90

Short 50 Mar 5 Call 1000
Short 60 May 2.5 Put 1230

Net Position Exposure

Covered Calls 5000 shares
Naked Puts 6000 shares

Bumped up the position a bit here and will see how things look going forward. It would be a nice coup to be called away at the March cycle, but not expecting same, then again who knows.

Good Trading

dealmakr
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