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Strategies & Market Trends : Calls and Puts for Income

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To: dealmakr who wrote (5820)11/4/2013 1:01:42 PM
From: Jim P.  Read Replies (1) of 5891
 
Wow, you sure trade a tight spread on the weekly strikes.
I have short 20 Dec 34 covered calls on some underwater LEAP's Basis on the LEAP's is $6.5.
Sold short 10 Dec 32 puts for $1.30 2 weeks ago.
Trying to get to break even on the LEAP's with the combined trade so I can start making money on the trades instead of working a loss off.
Are the weekly puts a lot of work to keep trading? Do you need to adjust positions daily at times?
jim

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