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Strategies & Market Trends : Calls and Puts for Income
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To: dealmakr who wrote (5685)4/26/2013 4:55:28 PM
From: dealmakr   Read Replies (2) of 5891
 
Updated position VELT 04/26/13

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
03/11/13 Bot 2500 VELT 3.22 (8050)
03/12/13 Sold 30 Mar 2.5 Put .15* corrected from Apr
03/15/13 Bot 5000 VELT 2 (10000)
03/15/13 Sold 25 Apr 2.5 Put .60*
03/16/13 Bot 3000 VELT 2.5 (7500) exercise

03/27/13 Bot 2500 VELT 1.94 (4850)
04/20/13 Bot 2500 VELT 2.50 (6250) exercise
04/23/13 Sold 50 May 2.5 Call .05
04/25/13 Sold 50 May 2.5 call .10
04/26/13 Sold 105 May 2.5 Call .10

Closed trades Profit/Loss

03/16/13 Exercised 30 Mar 2.5 Put 450
03/16/13 Expired 50 Mar 5 Call 1000
04/20/13 Exercised 25 Apr 2.5 Put 1200

Total return on closed trades 2650

Long 20500 VELT avg 2.74 (56150)

Stock Closed 04/26/13 2.05

Short 60 May 2.5 Put 1230
Short 205 May 2.5 Call 1800

Net Position Exposure

Covered Calls 20500 shares
Naked Puts 6000 shares

Wrote the May 2.5 calls with the premise that the whole trade would be about break even from a not so good entry if called with all premium received and the May 2.5 puts going bingo. If not called hopefully the stock will gain a bit of traction and make the next options cycle a bit better play.

Good Trading

dealmakr
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