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

To: dealmakr who wrote (4795)	1/30/2011 8:33:48 AM
From: dealmakr	Read Replies (1) \| Respond to of 5891

New position EK 01/28/11 After selling puts on EK in Jan at the 5 strike that expired and won't be counted in the total trading position, I am posting this as a position that went against me. The first blow was EK not gaining favorable status on patent resolution in the suit against AAPL & RIMM. The next was a selloff after earnings. It now remains to be seen as to how to work this position from the standpoint of how to try and work out of the hole or to close it out and take the loss. Stock now at 3.64. Comments welcome. 01/05/11 Sold 50 Feb 5 Put .20 01/05/11 Sold 50 Jul 4 Put .25 01/25/11 Sold 50 Feb 5 Put avg .555 01/26/11 Sold 50 Jul 4 Put .705 Short 100 Feb 5 Put 3775 Short 100 Jul 4 put 4775 Net Position Exposure Naked puts 20000 shares Total exposure if exercised 20000 shares (90000) Avg cost/share if exercised 4.07 after premium received Good Trading dealmakr

To: dealmakr who wrote (4795)	2/19/2011 7:45:27 AM
From: dealmakr	Read Replies (1) \| Respond to of 5891

Updated position XRX 02/19/11 11/30/10 Sold 50 Dec 11 Put .16* 11/30/10 Sold 30 Dec 11 Put .15* 12/06/10 Bot 3000 XRX 11.74 12/06/10 Sold 30 Apr 12 Call .82* 12/31/10 Sold 25 Jul 9 Put .30 01/21/11 Sold 30 Feb 12 Call .12* 01/27/11 Sold 30 Feb 11 Call .16* 02/09/11 Sold open 30 Jul 12 Call .32 Closed Trades Profit/Loss 12/18/10 Expired 80 Dec 11 Put 1250 12/29/10 Dividend .0425 on 3000 shares 127.5 (corrected) 01/21/11 Bot close 30 Apr 12 Call .28 1620 02/13/11 Bot close 30 Feb 11 Call .13 90 02/19/11 Expired 30 Feb 12 Call 360 Total Return P/L on closed trades 3447.5 Long 3000 XRX 11.74 (35220) Short 30 Jul 12 Call 960 Short 25 Jul 9 Put 750 Net Position Exposure Covered Calls 3000 shares Naked Puts 2500 shares With the opening of the Jul 12 Calls and the stock kissing the 11 strike, I bot back the short Feb 11 calls. XRX still a fairly small position, but can't seem to decide yet on where to put on more leverage either short puts or buying more stock and writing CC's with the position about even after premium received. Good Trading dealmakr