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

To: dealmakr who wrote (4635)	10/9/2010 4:24:07 AM
From: dealmakr	Read Replies (2) \| Respond to of 5891

Updated Position KLIC 10/08/10 09/21/10 Bot 5000 KLIC 6 09/21/10 Sold 50 Oct 6 Call .35 09/21/10 Sold 25 Oct 6 Put .40 09/22/10 Bot 2500 KLIC 5.77 09/22/10 Sold 25 Oct 6 Put .40 09/22/10 Sold 50 Oct 5 Put .10 09/22/10 Sold 50 Nov 5 Put .20 09/22/10 Sold 25 Nov 7 Call .20 10/08/10 Bot 2500 KLIC 5.80 10/08/10 Bot 2500 KLIC 5.92 10/08/10 Sold 50 Nov 6 Call avg .40 10/08/10 Sold 50 Nov 7 Call .15 10/08/10 Sold 25 Nov 5 Put .20 Total Position Cost/Premium received Long 12500 KLIC avg 5.90 (73725) Short 50 Oct 5 Put 500 Short 50 Oct 6 Put 2000 Short 50 Oct 6 Call 1750 Short 75 Nov 5 Put 1500 Short 50 Nov 6 Call 2000 Short 75 Nov 7 Call 1250 Net Position Exposure Covered Calls 12500 Shares Naked Calls 5000 Shares Naked Puts 17500 Shares Just when things looked good for this stock to get called away at 6 they came out with a warning on sales for the next Q. Even though they guided the last Q higher, stock came under pressure. Decided to expand position on volatility a bit. Am looking at Oct expiration to have the Oct 5 puts and 6 calls go bingo and will look maybe to cover Oct 6 Puts if they can be bot back cheap enough. Welcome back Jerome Good Trading dealmakr