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

To: dealmakr who wrote (4784)	1/22/2011 6:31:07 AM
From: dealmakr	Read Replies (1) \| Respond to of 5891

Updated position BRCD 01/22/11 11/24/10 Sold 50 Dec 5 put .13* 12/01/10 Bot 5000 BRCD 5.02* 12/01/10 Bot 5000 BRCD 5.01* 12/01/10 Sold 100 Dec 5 Call .18* 12/01/10 Sold 100 Dec 5 Put .16* 12/02/10 Sold 50 Apr 5 Put .50 12/03/10 Sold 100 Jan 5 Put avg .225* 12/07/10 Sold 50 Jan 5 Put .18* 12/17/10 Sold 50 Jan 5 Put .19* 12/17/10 Sold 50 Apr 5 Put .50 12/30/10 Sold 20 Apr 5 Put .50 12/30/10 Sold 20 Apr 7 Call .27* 01/03/11 Sold 100 Feb 5 Put avg .245 01/03/11 Sold 50 Feb 6 Call .27* 01/03/11 Bot 5000 BRCD 5.36 01/04/11 Sold 30 Feb 6 Call .30* 01/04/11 Sold 50 Jul 5 Put .53 01/04/11 Bot 5000 BRCD 5.54 01/13/11 Sold 100 Jan 6 Call .12* Closed trades Profit/Loss 12/18/10 Exercised 100 Dec 5 Call 1800 12/18/10 Sold Exercise 10000 BRCD 5 (150) 12/18/10 Expired 150 Dec 5 Put 2250 01/13/11 Bot Close 80 Feb 6 Call .35 (550) 01/13/11 Bot Close 20 Apr 7 Call .28 (20) 01/22/11 Expired 200 Jan 5 Put 4100 01/22/11 Expired 100 Jan 6 Call 1200 Total Return P/L on closed trades 8630 Total Position Cost/Premium received Long 10000 BRCD (54500) avg 5.45 Short 100 Feb 5 Put 2450 Short 120 Apr 5 Put 6000 (corrected) Short 50 Jul 5 Put 2650 Net Position Exposure Naked Puts 27000 shares Got the bingo for the Jan 5 Puts and Jan 6 Calls. The market itself isn't acting well with many stocks selling down after reporting decent earnings and if the earnings wiffed, selling down quite a bit ala CREE,FFIV etc. With BRCD reporting on 02/21 and the Feb options expiring on 02/19, I will be setting a stop on the long position at 5.60 unless more premium can be written on the Feb 6 calls than the .18 currently available to capture a better risk/reward scenario. Still a lot of chatter about a takeout and want to have some exposure to this company, but stock can be bot at any time and would rather buy into strength than weakness when call premiums are better. Good Trading dealmakr