Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 (4854)	3/23/2011 7:31:27 PM
From: Grantcw	Respond to of 5891

Yes, I'm still considering covered calls on SVU along the same lines you've made here. I may pull the trigger this week but I need to weigh my options. Thanks, Grant

To: dealmakr who wrote (4854)	3/23/2011 10:01:47 PM
From: Robohogs	Read Replies (1) \| Respond to of 5891

I played SVU into the last earnings cycle and got burned when it held the 7.5 put level for a while and then banged down. Did make more on the calls than the slight loss on the puts (which became a gain for shares I took delivery on). Wish I had held the stock longer than I did. I got out on a mini-pop to slight profit for more than half of puts. Wish I had held looking at the stock chart. Jon

To: dealmakr who wrote (4854)	4/4/2011 10:54:29 AM
From: dealmakr	Read Replies (2) \| Respond to of 5891

Updated 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 03/29/11 Bot 2500 SVU 8.77 (21925) 03/29/11 Sold 25 May 9 Call .55 04/04/11 Bot 2500 SVU 8.99 (22475) 04/04/11 Sold 25 Apr 9 Call .35 Closed trades Profit/Loss Total return on closed trades Long 9000 SVU avg/share 8.66 (77920) Short 40 Apr 7 Put 200 Short 25 Apr 9 Call 875 Short 25 May 9 Call 1375 Short 40 Jul 9 Call 2400 Net Position Exposure Naked puts 4000 shares covered calls 9000 shares Added a few more shares on rising stock and wrote CC's spread out over the next few expirations. Earnings now are going to be announced on 04/13/11 so this will have earnings exposure. Good Trading dealmakr