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

To: dealmakr who wrote (4925)	7/22/2011 12:16:56 PM
From: dealmakr	1 Recommendation Read Replies (1) \| Respond to of 5891

Updated Position HBAN 07/22/11 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* 03/08/11 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 06/08/11 Sold 50 Oct 7 Call .21 06/14/11 Bot 2500 HBAN 6.36 (15900) 06/24/11 Sold 50 Aug 7 Call .06 07/21/11 Sold 30 Sep 5 put .05 07/21/11 Sold 100 Sep 5 Call .05 07/21/11 Sold 50 Oct 5 Put .07 07/21/11 Sold 50 Jan 5 Put .20 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 06/15/11 Dividend .01 on 27500 shares 275 07/07/11 Bot Close 90 Oct 6 Put .19 2130 07/15/11 Expired 50 Jul 8 Call 800 Total return on closed trades 8205 Long 27500 HBAN avg/share 6.55 (180050) Stock at 6.14 Short 50 Aug 7 Call 300 Short 30 Sep 5 Put 150 Short 100 Sep 7 Call 500 Short 50 Oct 5 Put 350 Short 50 Oct 6 Call 2750 Short 125 Oct 7 Call 2925 Short 25 Oct 7 Put 1700 Short 40 Oct 8 Call 600 Short 50 Jan 5 Put 1000 Net Position Exposure Covered calls 27500 shares Naked Calls 9000 shares Naked puts 15500 shares I thought the earnings @ .16 were good and with the dividend being raised to .04 even better. Comments looking forward put a damper on the stock with the CEO saying maybe not so smooth sailing ahead, but IMHO I still liked the Q enough to open some more NP's at the 5 strike, but offset that with writing some naked calls to generate a few quid. Still like the story here and will trade around it. Options can be closed early depending upon market conditions. Good Trading dealmakr