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


To: dealmakr who wrote (4903)5/24/2011 4:11:07 AM
From: Robohogs  Read Replies (1) | Respond to of 5891
 
New position

Shorted 200 MHR Nov 5 puts .39

This is my first time in the stock since it was a penny stock a few years back and which I sold after a very quick one week pop of 20+%. Argghh.

Jon



To: dealmakr who wrote (4903)6/7/2011 11:19:37 AM
From: dealmakr   Read Replies (1) | Respond to of 5891
 
Updated Position HBAN 06/07/11

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*
03/08/11 Sold 25 Jul 6 Put .30*
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)
04/28/11 Sold 80 May 7 Call .07*
04/28/11 Sold 25 Oct 7 Put .68
05/23/11 Sold 50 Oct 7 Call .27
06/01/11 Sold 60 Jul 7 Call .06*
06/06/11 Bot 2500 HBAN 6.04 (15100)
06/06/11 Sold 25 Oct 6 Call .50
06/07/11 Sold 25 Oct 6 Call .60
06/07/11 Sold 25 Oct 7 Call .21

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
05/21/11 Expired 110 May 7 Call 1070
05/23/11 Bot Close 50 Jul 6 Put .17 725
06/07/11 Bot close 85 Jul 7 call .03 1050

Total return on closed trades 5000

Long 25000 HBAN avg/share 6.57 (164150)

Stock closed 6/06/11 6.06

Short 50 Jul 8 Call 800
Short 90 Oct 6 Put 3840
Short 50 Oct 6 Call 2750
Short 75 Oct 7 Call 1875
Short 25 Oct 7 Put 1700
Short 40 Oct 8 Call 600

Net Position Exposure

Naked puts 11500 shares
Covered calls 21500 shares

Decided to put some more protection on with the stock getting hammered down to 6 by selling some Oct 6 Calls and buying a few more shares. Even with the bounce today will see how it makes out. Bot in the Jul short 7 calls for .03 to try and sell some longer term premium.

Good Trading

dealmakr