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

To: dealmakr who wrote (4692)	11/20/2010 7:15:29 AM
From: dealmakr	Read Replies (1) \| Respond to of 5891

Updated Position KLIC 11/20/10 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 10/27/10 Bot 2500 KLIC 6.15 10/27/10 Sold 25 KLIC Dec 6 Put .45 10/27/10 Sold 25 Dec 6 Call .60 11/11/10 Sold 50 Dec 6 Call .45 11/18/10 Sold 25 Dec 6 Call .30 11/18/10 Sold 25 Jan 5 Put .20 11/18/19 Sold 50 Jan 6 Call .50 11/18/10 Bot 2500 KLIC 5.99 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 Exercise 5000 KLIC 6 (09/21 buy) 0 11/05/10 Bot Close 25 Nov 6 Put .10 1000 11/05/10 Bot Close 25 Dec 6 Put .30 375 11/11/10 Bot Close 50 Nov 7 call .05 500 11/19/10 Bot close 50 Nov 6 Call .20 1000 11/20/10 Expired 75 Nov 5 Put 1500 11/20/10 Exercised 50 Nov 6 Call 2000 11/20/10 Sold exercise 5000 KLIC 6 (9/22&10/08 buy) 1125 Total return P/L on closed trades 11625 Total Position Cost/Premium received Long 15000 KLIC avg 6.03 (90400) Short 100 Dec 6 Call 4500 Short 25 Jan 5 Put 500 Short 50 Jan 6 Call 2500 Net Position Exposure Covered Calls 15000 Shares Naked Puts 2500 Shares Earnings were a very strong showing, but forward guidance showed weakness. I was very surprised on Thurs 11/18 watching the stock ramp up near 6 from about 5.60. After getting a bit ahead in selling the next set of calls, had become a bit overexposed and bot an additional 2500 KLIC the day before expiration. On expiration day the stock didn't look back and was bot well over the 6 strike causing me to have to cover a short 50 lot of the Nov 6 calls. I thought they Nov 6 calls were a lock to go bingo with less than 2 days left, but Mr Market is the best locksmith of all and will do the unexpected whenever possible. All exercised stock will be shown on a FI/FO basis (first in / first Out). Good Trading dealmakr