SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Calls and Puts for Income -- Ignore unavailable to you. Want to Upgrade?


To: dealmakr who wrote (4834)3/16/2011 3:22:03 PM
From: dealmakr   Respond to of 5891
 
Updated Position HBAN 03/16/11

03/04/11 Bot 8000 HBAN 6.53 (52240)
03/04/11 Sold 80 Apr 6 put .12
03/04/11 Sold 80 Apr 7 call .13
03/07/11 Bot 2500 HBAN 6.68 (16700)
03/07/11 Sold 25 Jul 6 Put .33
03/07/11 Sold 25 Jul 7 call .45
03/09/11 Bot 5000 HBAN 6.77 (33850)
03/14/11 Sold 50 Jul 8 call .16

Closed trades Profit/Loss

03/16/11 Dividend .01 on 15500 shares 155

Total return on closed trades 155

Long 15500 HBAN avg/share 6.63 (102790)

Short 80 Apr 6 Put 960
Short 80 Apr 7 Call 1040
Short 25 Jul 6 Put 825
Short 25 Jul 7 Call 1125
Short 50 Jul 8 Call 800

Net Position Exposure

Naked puts 10500 shares
covered calls 15500 shares

Still believe it to be one of the better regional banks on the comeback trail, doesn't mean that you can't end up in the mud though.

Good Trading

dealmakr



To: dealmakr who wrote (4834)3/23/2011 12:44:29 PM
From: dealmakr 1 Recommendation  Read Replies (3) | Respond to of 5891
 
New Position SVU 03/23/11

03/23/11 Bot 4000 SVU 8.38 (33520)
03/23/11 Sold 40 Apr 7 put .05
03/23/11 Sold 40 Jul 9 call .60

Closed trades Profit/Loss

Total return on closed trades

Short 40 Apr 7 Put 200
Short 40 Jul 9 Call 2400

Net Position Exposure

Naked puts 4000 shares
covered calls 4000 shares

Have been watching this one for a while and decided to dip my toe in the water. Barron's story last week and jump there made waiting for a bit of a pullback for entry. Wrote the Apr 7 puts only because earnings are out on 4/18 after options expiration.

Good Trading

dealmakr