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Strategies & Market Trends : Calls and Puts for Income
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To: dealmakr who wrote (5811)10/25/2013 4:52:56 PM
From: dealmakr 1 Recommendation

Recommended By
Bocor

  Read Replies (1) of 5891
 
Updated Position POT 10/25/13

Well earnings disappointment reflected in a drop in the price for the week and didn't get a great entry on the Dec 32 calls when the stock looked to break 30. I also wrote the shorter term 32.5 puts for 11/08 with the premise if called away would be out of the stock about flat and would then cover the Dec 32 calls which would probably still leave a profit in the trade. If the stock would have cracked the 30 area would have looked to write some puts to add to the position and reduce cost basis. Dividend yield @ 28 would be around 5% which is the area that I would look to go. Will see how things progress from here.

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*
10/18/13 Sold 20 10/25/13 32 Call .57*

10/24/13 Sold 20 11/08/13 32.5 Call .07
10/24/13 Sold 20 Dec 32 Call .61

Closed trades Profit/Loss

10/10/13 Dividend .35 on 2000 shares 700
10/10/13 Bot close 20 10/11/13 32.5 call .09 940
10/18/13 Bot close 20 Oct 32 Call .18 800
10/25/13 Expired 20 10/25/13 32 Call 1140

Total return on closed trades 3580

Long 2000 POT 32.52 (65040)

Short 20 11/08/13 32.5 Call 140
Short 20 Dec 32 Call .61 1220

Stock closed 10/25 31.18

Good Trading

dealmakr
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