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


To: Robohogs who wrote (4932)7/28/2011 7:40:17 AM
From: dealmakr   Respond to of 5891
 
Hi jon,

With the market weak and the stock trading down through the 9 strike, the premium looked ok to do a buy write with the possible return of about 6.9% if called for the next 3 weeks.

Also was looking at writing the Aug 8 puts, 25k OI may provide support there compared to less than 1k OI on the 8 calls.

Good trading

dealmakr