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Strategies & Market Trends : Calls and Puts for Income

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To: dealmakr who wrote (5799)10/10/2013 10:26:24 AM
From: dealmakr   Read Replies (1) of 5891
 
Updated Position POT 10/10/13

Bot 2000 POT avg 32.52

Sold 20 10/11/13 POT 32.5 call .56

Stock goes ex dividend 10/10/13 for .35

Will see how it holds up and if called away for the dividend

The stock wasn't called out as it closed below the strike. Opened the next week calls at 32 with premium received if called away will let me out of the trade about flat on entry point. Will either buy back in the short 32.5 calls expiring 10/11/13 or see if they go bingo.

Good Trading

dealmakr

10/04/13 Bot 2000 POT 32.52 (65040)
10/04/13 Sold 20 10/11/13 32.5 Call .56
10/10/13 Sold 20 Oct 32 Call .58

Closed trades Profit/Loss

10/10/13 Dividend .35 on 2000 shares 700

Total return on closed trades 700

Long 2000 POT 32.52

Short 20 10/11 32.5 Call 1120
Short 20 Oct 32 Call .58 1160
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