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

To: dealmakr who wrote (4869)	4/12/2011 7:47:22 AM
From: dealmakr	Read Replies (1) \| Respond to of 5891

Trading Position CSCO 04/12/11 One of my favorite day & swing trading stocks and usually have some options exposure in NP's for a bit of income. Decided to post the open options position for comment. The May 18 calls were opened as it looks like the Apr 18 puts will be exercised. Lots going on with this company in terms of execution and will see if Chambers can pull things together. The dividend at .06 was a non starter to many, should have been double. With CSCO on the weekly series there are more opportunities available also. 12/31/10 Sold 25 Apr 18 Put .42 02/23/11 Sold 25 Jul 16 Put .45 04/11/11 Sold 15 May 18 Call .50 Closed trades Profit/Loss Total return on closed trades Short 25 Apr 18 Put 1050 Short 15 May 18 Call 750 Short 25 jul 16 Put 1125 Net Position Exposure Naked puts 5000 shares Naked calls 1500 share Good Trading dealmakr

To: dealmakr who wrote (4869)	4/16/2011 7:25:56 AM
From: dealmakr	Read Replies (2) \| Respond to of 5891

Updated Position HBAN 04/16/11 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 03/18/11 Sold 50 Oct 6 Put .48 03/23/11 Sold 30 May 7 Call .17 03/28/11 Bot 3000 HBAN 6.67 (20010) Closed trades Profit/Loss 03/16/11 Dividend .01 on 15500 shares 155 04/16/11 Expired 80 Apr 6 Put 960 04/16/11 Expired 80 Apr 7 Call 1040 Total return on closed trades 2155 Long 18500 HBAN avg/share 6.64 (122800) Short 30 May 7 Call 510 Short 25 Jul 6 Put 825 Short 25 Jul 7 Call 1125 Short 50 Jul 8 Call 800 Short 50 Oct 6 Put 2400 Net Position Exposure Naked puts 7500 shares covered calls 10500 shares BAC didn't help the earnings outlook for many banks and with HBAN earnings on 04/20/11 estimated @ .12/share will wait and see how they look prior to opening more options positions. HBAN closed the week at 6.52, so a bit underwater overall. Would just love to see this stock trade between 6-7 bucks over the next year or so. Good Trading dealmakr