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Strategies & Market Trends : Option Strategies

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From: Jim P.	9/12/2016 4:19:43 PM
	of 2591

STNG shows trading ex dividend at Schwab for 12.5 cents in the morning. Closed out some of my short covered calls for October and closed out some of my short puts for September on the $5 strike. I will look to put the trades back on after I figure out how my cash position looks on Monday and if the stock moves one way or another. Puts closed out for 30 cents and lost a few hundred, calls closed for 18 cents and profit of a bit over $1000. Position size was 50 short puts and 90 covered calls. My position on SLCA is doing well with the stock very volatile but in a relatively tight range. Options sold in a bullish stance on covered calls and short cash covered puts. I have positions with cash covered puts and a larger position on covered calls on WMB. Currently the stock has run away from my highest strikes which were $28. Not sure if I will re-enter or wait for a correction. WMB looks like a good stock to hold over the long term. Bought additional positions in the OCLR realm. I have a handful of longer term call option on this one plus the stock. I was too busy to watch the market on Friday and my only open order on AAOI did not get triggered. Hope everyone is doing well with investments and trading. Jim

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