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Strategies & Market Trends : Calls and Puts for Income

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To: Jim P. who wrote (5720)7/13/2013 12:45:22 PM
From: renovator  Read Replies (2) of 5891
 
I have been playing the SD 5 Puts for the last couple of months in my 's IRA for a few percent and then was assigned in June on the expiration dip. Waited a short while and put out some December 6 Calls for .30 on shares with a net cost of 4.51. It is a beautiful return whether called or not, as I believe $5 is the real line in the sand for SD. Won't be at all surprised to see 6 with any upturn in energy. This way I don't have to trade her accounts too actively.
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