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Strategies & Market Trends : Option Strategies

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To: robert b furman who wrote (1728)	8/18/2016 1:18:08 PM
From: Jim P.	Read Replies (1) of 2591

I have a small position in KMI and own some LEAPs with short term calls sold against them...calendar spread. The long term options seemed too cheap when I placed the trade last month. Also playing with WMB covered calls and short puts. $25 strike for the short puts. Whenever I buy WMB I just go up a couple dollars on the calls I sell. I think WMB will be a good yield stock in a few years and am content to take my yield today one month at a time. I am very bullish on SLCA. Last conference call is worth a listen if you follow the energy industry. Even though I am bullish I am selling calls and cash covered puts not holding the stock straight out. The monthly premiums are rich enough for returns in this over extended market. jim

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