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

To: dealmakr who wrote (4786)	1/30/2011 7:23:44 AM
From: dealmakr	Read Replies (1) \| Respond to of 5891

Updated position BRCD 01/28/11 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 01/24/11 Sold 10000 BRCD avg 5.615 1650 Total Return P/L on closed trades 10280 Total Position Cost/Premium received 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 "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." I decided to stick to my stop loss mark on BRCD and with the stock weak on Monday out it went after jiggling around the 5.60 area. Still have open put exposure to regain a position and will have to see how the overall market reacts to new current events to make a decision of reducing more exposure. Good Trading dealmakr