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Strategies & Market Trends : Calls and Puts for Income
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To: dealmakr who wrote (5842)11/29/2013 1:54:05 PM
From: dealmakr   Read Replies (1) of 5891
 
Updated Position POT 11/29/13

After watching the stock trade all week and seeing it possibly coming off a bottom on Thursday, decided to accept exercise going into the next week of trading. Looking at rolling out and down on the 11/29 puts, the best strike prices to accomplish any decent roll were out in the March area, with Jan leaving not too much room at the 31 level. March was a bit longer duration that I didn't want to accept, so by taking the stock in hopefully an opportunity will present itself to either write CC's again or sell the stock at the exercise price. Will see how trading takes place early next week to see which way it goes.

Next dividend has been declared @ .35 with the ex date of 01/14/14.

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
10/31/13 Sold 20 11/22/13 32.5 Call .19*
11/04/13 Sold 20 11/08/13 32 Put .32*
11/11/13 Sold 20 11/22/13 32.5 Put .32*
11/19/13 Sold 20 11/29/13 32.5 Put .39
11/19/13 Sold 10 12/06/13 34 Call .21
11/20/13 Sold 10 12/06 33 Call .23

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
11/08/13 Expired 20 11/08/13 32 Put 640
11/08/13 Exercised 20 11/08/13 32.5 Call 140
11/08/13 Sold 2000 POT 32.5 (65000) (40)
11/22/13 Expired 20 11/22/13 32.5 Call 380
11/22/13 Exercised 20 11/22/13 32.5 Put 640
11/22/13 Bot 2000 POT 32.5 (65000)

11/29/13 Exercised 20 11/29/13 32.5 Put 780
11/29/13 Bot 2000 POT 32.5 (65000)

Total return on closed trades 6120

Long 4000 POT 130000

Short 10 12/06/13 33 Call 230
Short 10 12/06/13 34 Call 210
Short 20 Dec 32 Call .61 1220

Stock Closed 11/29/13 31.65

Good Trading

dealmakr
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