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Strategies & Market Trends : Calls and Puts for Income
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To: dealmakr who wrote (5699)5/17/2013 4:13:52 PM
From: dealmakr   Read Replies (1) of 5891
 
Updated position VELT 05/17/13

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*

05/06/13 Sold 20 jun 2.5 Call .20
05/16/13 Sold 50 Aug 2.5 Call .20
05/18/13 Bot 6000 VELT 2.5 (15000) exercise

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

05/18/13 Exercised 60 May 2.5 Put 1230
05/18/13 Expired 205 May 2.5 Call 1800

Total return on closed trades 5680

Long 26500 VELT avg 2.69 (71150)

Stock Closed 05/17/13 1.82

Short 20 Jun 2.5 Call 400
Short 50 Aug 2.5 Call 1000

Net Position Exposure

Covered Calls 7000 shares

Earnings didn't help this stock and it still remains to be seen if the company can pull itself together. Big opening downtick trade today, but the stock came back to even on the close, will be looking to write hopefully more of the Jun 2.5 calls as I couldn't take too big of a position shorting them prior to earnings and didn't want to add stock prior to that even either.

Good Trading

dealmakr
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