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Strategies & Market Trends : Calls and Puts for Income

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To: Jim P. who wrote (5821)11/4/2013 2:04:19 PM
From: dealmakr   Read Replies (1) of 5891
 
Hi Jim,

With the stock over 32 and short an additional 40 calls @ 32.5 many different plays can be made.

Add stock, buy back in the short calls, write short puts to hedge a bit. It all depends upon where the stock is headed going into expiration on Friday. I didn't want to over complicate the trade and will see how things look on Thurs/Fri before adjusting any more. Didn't expect the bump on the stock with an upgrade, but thats what makes a market. This one wasn't meant to be adjusted on a daily basis and just got caught speeding a bit.

Good Trading

dealmakr
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