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

To: dealmakr who wrote (4645)	10/9/2010 11:50:57 AM
From: Bridge Player	Read Replies (2) \| Respond to of 5891

What accounts for the seemingly very low P/E and price/sales ratios on KLIC? They don't seem to have excessive debt relative to their cash position. Any ideas?

To: dealmakr who wrote (4645)	10/15/2010 4:57:27 PM
From: dealmakr	Read Replies (2) \| Respond to of 5891

Updated Position KLIC 10/15/10 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 10/11/10 Bot 2500 KLIC 5.80 10/11/10 Sold 25 Nov 6 Call .40 10/14/10 Sold 25 Nov 6 Call .40 10/15/10 Bot 5000 KLIC 6.15 10/15/10 Sold 25 Nov 6 Put .50 Closed Trades Profit/Loss 10/15/10 Bot Close 25 Nov 7 Call .25 09/22 sale (125) 10/15/10 Expired 50 Oct 5 Put 500 10/15/10 Expired 50 Oct 6 Put 2000 10/15/10 Exercised 50 Oct 6 Call 1750 10/15/10 Sold Excercise 5000 KLIC 6 (09/21 buy) 0 Total return P/L on closed trades 4125 Total Position Cost/Premium received Long 15000 KLIC avg 5.93 (88975) Short 75 Nov 5 Put 1500 Short 25 Nov 6 Put 1250 Short 100 Nov 6 Call 4000 Short 50 Nov 7 Call 750 Net Position Exposure Covered Calls 15000 Shares Naked Puts 10000 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. Disregard above statement from 10/08/10. Just shows that its just a best informed guess at times. Even with OI of 6.86K calls to 380 puts the Max Pain indicator didn't work this expiration and stock went through the 6 strike. Decided to leave the week with no uncovered calls. Good Trading dealmakr