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

To: dealmakr who wrote (4937)	8/19/2011 1:55:48 AM
From: Hepps	Read Replies (1) \| Respond to of 5891

Board seems quite... I'm starting to get back in to the markets after having 60% of my equities called away last Feb-Apr. The high VIX means I'm getting some good money selling puts on the same stuff I had called away. Right now, sold 73 IWM puts with cash from 78 IWM I had called away, 67 puts with cash from 74 IWM I had called, 58 puts with cash from the 65s, and 45 QCOM puts with cash from the 55 calls that were exercised. Still holding some dry powder, but market is offering some great deals and seems like a good time to take advantage. Anyone else bargain shopping? Hepps

To: dealmakr who wrote (4937)	8/20/2011 8:10:47 AM
From: dealmakr	Read Replies (1) \| Respond to of 5891

Position updated SVU 08/20/11 03/23/11 Bot 4000 SVU 8.38 (33520) 03/23/11 Sold 40 Apr 7 put .05* 03/23/11 Sold 40 Jul 9 call .60 03/29/11 Bot 2500 SVU 8.77 (21925)* 03/29/11 Sold 25 May 9 Call .55* 04/04/11 Bot 2500 SVU 8.99 (22475)* 04/04/11 Sold 25 Apr 9 Call .35* 07/27/11 Bot 4000 SVU 8.70 (34800) 07/27/11 Sold 40 Aug 9 Call .30* 08/01/11 Sold 25 Aug 8 Put .25* 08/10/11 Sold 25 Aug 7 Put .40* 08/10/11 Sold 25 Aug 7 Put .46* 08/10/11 Sold 20 Oct 9 Call .2 08/12/11 Sold 20 Oct 9 Call .31 08/12/11 Sold 50 Aug 6 Put .06* 08/19/11 Bot 2500 SVU 8 (20000) exercise Closed trades Profit/Loss 04/16/11 Expired 40 Apr 7 Put 200 04/16/11 Exercised 25 Apr 9 Call 875 04/16/11 Sold 2500 SVU 9 25 04/20/11 Bot close 25 May 9 Call 1.85 (3250) 04/20/11 Sold 2500 SVU 10.80 5075 05/27/11 Dividend on 4000 SVU .0875/share 350 06/08/11 Sold 4000 SVU 8.77 1560 06/08/11 Bot close 40 Jul 9 Call .45 600 Total return P/L on closed trades 5435 (round 1) 08/19/11 Expired 50 Aug 6 put 300 08/19/11 Expired 40 Aug 9 Call 1200 08/19/11 Exercise 25 Aug 8 Put 625 08/19/11 Bot close 50 Aug 7 Put .05 1900 Total return P/L on closed trades 4025 (round 2) Long 6500 SVU avg/share 8.43 (54800) Stock closed 08/19 6.80 Short 40 Oct 9 Call 1020 Net position Exposure Covered Calls 4000 shares From the original entry on 07/27 the stock is down better than 20% along with many others. Options premiums remain fairly hefty and will be looking to open another round of CC's for the stock just assigned at 8. Had in a buy to cover at a buck on expiration day and even with the stock trading north of the 7 strike by a nickle couldn't get the cover so decided to take the assignment, did feel lucky covering the 7 puts at .05 before things worsened in the afternoon. Good Trading dealmakr