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Strategies & Market Trends : Calls and Puts for Income -- Ignore unavailable to you. Want to Upgrade?

To: dealmakr who wrote (4244)	5/14/2010 4:48:43 PM
From: dealmakr	Read Replies (1) \| Respond to of 5891

Opening position WFR updated 05/14/10 05/03/10 Bot 2500 WFR 13.19 05/03/10 Sold 25 May 13 Call .73 corrected 05/03/10 Sold 25 May 12 Put .23 05/03/10 Sold 25 Jul 12 Put .76 05/04/10 Sold 25 Jun 13 Call .80 05/04/10 Sold 15 May 12 Put .43 05/05/10 Bot 2500 WFR 12.60 05/05/10 Sold 25 Jun 15 Call .31 corrected month 05/05/10 Sold 25 May 11 Put .15 05/05/10 Sold 25 Jul 10 Put .33 05/06/10 Sold 30 Jun 13 Call avg .675 05/06/10 Sold 15 Oct 9 Put .60 05/06/10 Sold 15 Oct 9 Put .75 05/06/10 Sold 15 May 11 Put .33 05/07/10 Sold 15 Jul 14 Call .60 05/07/10 Sold 15 Jul 10 Put .65 05/07/10 Bot 1500 WFR 11.60 05/10/10 Sold 25 May 11 Put .15 05/13/10 Sold 25 Jun 11 Put .31 05/14/10 Sold 25 May 11 Put .13 05/14/10 Sold 25 Jun 12 Call .70 05/14/10 Sold 10 Jul 10 Put .50 05/14/10 Sold 25 Jul 13 Call .60 Closed trades Profit or loss 05/07/10 Bot close 25 May 13 Call .29 1100 05/10/10 Sold 1500 WFR 12.40 1200 05/10/10 Bot close 25 WFR Jul 15 Call .23 200 05/10/10 Bot Close 30 WFR Oct 9 Put .57 320 05/10/10 Bot Close 40 WFR May 12 Put .44 (540) 05/14/10 Bot Close 25 WFR Jun 13 Call .39 1025 Total return P/L on closed trades 3305 Total position Cost / Premium recieved Long 5000 WFR avg 12.89 (64450) Short 90 May 11 Put 1570 Short 25 Jun 12 Call 1750 Short 30 Jun 13 Call 2020 Short 25 Jun 11 Put 775 Short 25 Jul 13 Call 1500 Short 15 Jul 14 Call 900 Short 25 Jul 12 Put 1900 Short 50 Jul 10 Put 2300 Net position exposure Covered calls 5000 shares Naked calls 4500 shares Naked Puts 19000 shares Stock closed at 11.79 so position bot now back to avg cost of 12.89 is underwater by 1.10/share. No further stock trades will be listed unless as a result of exercise or assignment. Decided to fade gap on Monday and sold 1500 shares bot at 11.60 for 12.40. This week I tried to tighten the range a bit and closed the OCT put position as well the range of strikes from 10-14. Bot the May 12 Puts back at a loss to reduce exposure going into expiration, will take my chances on the May 11 Put strike for a bingo, but might have to bring them back in also. Lots of volatility to trade around, will see how the position works out for the next few months. Good Trading dealmakr