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

To: dealmakr who wrote (4870)	4/14/2011 6:17:55 AM
From: dealmakr	Read Replies (1) \| Respond to of 5891

Trading Position CSCO 04/14/11 When CSCO looked to gap open on the the Flip announcement, went in and bot 1500 shares to get to CC status, but the enthusiasm waned. After looking at taking in another 2500 shares at 18, decided to take the loss as having purchased a total of 2500 shares and wrote the May calls, it looked to be a better entry point with the cost average @ 17.46. Market overall is still looking weak and will see what earnings have in store. The trades posted here are used specifically in an options trading position and are not reflective of what also may take place overall in swing & daytrading CSCO where the profits / losses won't be applied here and the size of the position much larger and the timeframe much shorter, but every type of trade has its own parameters for risk/reward. 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 04/12/11 Bot 1500 CSCO 17.58 (26370) 04/12/11 Sold 10 May 18 Call .45 04/13/11 Bot 1000 CSCO 17.28 (17280) Closed trades Profit/Loss 04/13/11 Bot close 25 Apr 18 Put .76 (850) Total return on closed trades (850) Short 25 May 18 Call 1200 Short 25 Jul 16 Put 1125 Net Position Exposure Long 2500 CSCO avg/share 17.46 (43650) Covered Calls 2500 shares Naked Puts 2500 shares Good Trading dealmakr