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Strategies & Market Trends : Calls and Puts for Income

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To: Jim P. who wrote (5680)	4/17/2013 1:42:19 PM
From: Jim P.	3 Recommendations Read Replies (3) of 5891

ATLS very long option trade update: Stock moved a bit further faster then I expected and decided to take profit to wait out this IMO peaking market. Open positions are: Long 70 2014 ATLS 40 calls cost $16,142 current value about $9 ish or $63,000 Closed: Buy 5 calls 12/12 strike 25 at $4.51 and sold 4/12 for $15.57 net $5078 Short 70 2014 strike 45 calls $2.49 premium $17434 bought to close for 2.00 on 2/13/2013 or $13992 Net $3445. Short 30 2014 Strike 35 calls premium $6.40 for $19,167 bought to close $8.00 on 1/24/2013 for $$23,990 Loss $4822 Long 30 2014 30 calls cost $4.51 for $13531 sold 2/16/2013 $9.99 for $29996 net $16424 Short 30 2014 30 puts with spinoff shares $29649 bought to close 3/15 for $1.40 share $4201 profit $25,447 Long 70 2014 ATLS 25 calls with spinoff shares cost $37484 sold 4/17 60 for $27.01 and 10 for $28.01 $162,060 and $27,992 profit long term rate $152,568 Net on closed positions $198,140 Changed my mind on exercising the calls. Still lots of exposure as I own in IRA now. Plan on using the money to play options more in the line of dealmakr. It is very difficult to find long opportunities like ATLS. Jim

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