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

To: dealmakr who wrote (4873)	4/16/2011 7:41:32 AM
From: dealmakr	Read Replies (1) \| Respond to of 5891

Updated position XRX 04/16/11 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* 02/22/11 Bot 1500 XRX 11 02/22/11 Sold 15 Apr 11 Call .46* 02/23/11 Sold 25 Oct 9 Put .52 03/14/11 Sold 15 Oct 12 Call .40 03/16/11 Sold 15 Jul 11 Call .30 03/16/11 Sold 25 Oct 12 Call .30 03/22/11 Sold 15 May 11 Call .16 03/25/11 Bot 1500 XRX 10.68 (16020) 04/11/11 Sold 20 Oct 12 Call .47 04/12/11 Sold 30 May 10 Put .14 Closed Trades Profit/Loss 12/18/10 Expired 80 Dec 11 Put 1250 12/29/10 Dividend .0425 on 3000 shares 127.5 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 03/25/11 Bot close 15 Apr 11 Call .05 615 03/25/11 Bot close 30 Jul 12 Call .14 540 03/29/11 Dividend .0425 on 6000 shares 255 04/11/11 Bot close 25 Jul 9 Put .13 425 Total Return P/L on closed trades 5282.5 Long 6000 XRX avg/share 11.29 (67740) Short 30 May 10 Put 420 Short 15 May 11 Call 240 Short 15 Jul 11 Call 450 Short 25 Oct 9 Put 1300 Short 60 Oct 12 Call 2290 Net Position Exposure Covered Calls 6000 shares Naked Calls 3000 shares Naked Puts 5500 shares Opened up a few more naked Oct 12 calls and bot the Jul 9 puts back for a gain. Opened May 10 puts to shorten duration, don't know if this was the best thing to do prior to earnings on 04/21, but figured if put @ 10 for another 3000 shares will lower cost basis on the position to 10.86 / share. Stock closed the week at 10.73, so still under water a bit overall. This position to me is a 2nd half 2011 play and am looking to see if they follow through on reducing the debt and buying back shares, along with keeping earnings in line with estimates. Good Trading dealmakr

To: dealmakr who wrote (4873)	4/23/2011 9:56:31 AM
From: dealmakr	Read Replies (1) \| Respond to of 5891

Updated Position HBAN 04/22/11 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) 04/21/11 Sold 40 Oct 6 Put .36 04/21/11 Sold 40 Oct 8 Call .15 04/21/11 Bot 4000 HBAN 6.57 (26280) 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 22500 HBAN avg/share 6.63 (149080) 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 90 Oct 6 Put 3840 Short 40 Oct 8 Call 600 Net Position Exposure Naked puts 11500 shares covered calls 14500 shares Earnings came out and crushed the premium for options, so decided to wait and see before opening any short duration trades. My own take on earnings was fairly good at .14/share and will be thinking that the dividend will be raised in 2nd half of 2011 if things stay on an even keel. Good Trading dealmakr