Calls and Puts for Income Message Board

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Strategies & Market Trends : Calls and Puts for Income

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To: dealmakr who wrote (5804)	10/16/2013 1:10:37 PM
From: upanddown	Read Replies (1) of 5891

Deal I followed you into the POT buy write for 10/11. Pretty much the same as you, 2000 with a net debit of 31.96. I let the calls expire and wanted to incorporate POT into a strategy I use, where you buy a solid dividend payer with weekly options and then bang away at the weekly calls (and puts if exercised) BETWEEN dividends. Problem is that there doesn't to be any weeklies for POT currently. I just sold the Nov 32 for 1.10 and happy with that since it is 3.4% for 31 days. I'm just not sure what happened to the weeklies but thanks for the play. Stock .50 under buy price but with 2.00 already in divvie and call premium, nicely profitable. John

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