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

To: dealmakr who wrote (4957)	10/22/2011 7:45:02 AM
From: dealmakr	Read Replies (1) \| Respond to of 5891

Updated Position HBAN 10/22/11 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 07/26/11 Bot 2500 HBAN 6.03 (15075) 07/26/11 Sold 25 Aug 6 Call .18* 07/27/11 Sold 25 Aug 6 Put .20* 08/04/11 Sold 25 Oct 5 put .20* 08/05/11 Sold 40 Aug 5 Put .09* 08/11/11 Sold 10 Aug 5 Put .28* 08/11/11 Sold 40 Sep 4 Put .15* 08/11/11 Sold 10 Sep 5 put .47* 08/11/11 Sold 25 Oct 6 Call .21* 08/19/11 Sold 50 Oct 4 put .26* 08/19/11 Bot 2500 HBAN 4.68 (11700) 08/26/11 Sold 100 Jan 2.5 put .09 08/26/11 Sold 50 Jan 7.5 Call .08 09/20/11 Sold 40 Jan 4 Put .24 09/20/11 Sold 40 Apr 7 Call .20 09/20/11 Sold 50 Apr 3 put .15 09/21/11 Sold 75 Nov 6 Call .08 09/29/11 Sold 50 Nov 6 Call .07 09/29/11 Sold 50 Nov 4 Put .14 10/04/11 Sold 40 Apr 7 Call .21 10/12/11 Sold 40 Apr 4 put .35 10/12/11 Sold 20 Apr 7 Call .30 10/21/11 Sold 75 Nov 5 Call .24 10/22/11 Bot 7500 HBAN 5 (37500) 10/22/11 Bot 2500 HBAN 7 (17500) 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 08/05/11 Bot close 25 Aug 6 Put .60 (1000) 08/19/11 Expired 25 Aug 6 call 450 08/19/11 Expired 50 Aug 7 call 300 08/19/11 Bot close 50 Aug 5 Put .34 (1060) 09/13/11 Bot close 40 Sep 5 put .31 (620) 09/15/11 Dividend .04 on 32500 shares 1300 09/17/11 Expired 40 Sep 4 Put 600 09/17/11 Expired 100 Sep 7 Call 500 10/04/11 Bot close 125 Oct 7 call .01 2800 10/22/11 Expired 75 Oct 6 Call 3275 10/22/11 Expired 40 Oct 8 Call 600 10/22/11 Expired 50 Oct 4 Put 1300 10/22/11 Exercised 75 Oct 5 Put 850 10/22/11 Exercised 25 Oct 7 Put 1700 Total return on closed trades 19200 Long 42500 HBAN avg/share 6.16 (261825) Stock closed 10/22/11 4.90 Short 50 Nov 4 Put 700 Short 75 Nov 5 Call 1800 Short 125 Nov 6 Call 950 Short 100 Jan 2.5 Put 900 Short 40 Jan 4 Put 960 Short 50 Jan 5 Put 1000 Short 50 Jan 7.5 Call 400 Short 50 Apr 3 Put 750 Short 40 Apr 4 Put 1400 Short 100 Apr 7 Call 2240 Net Position Exposure Covered calls 35000 shares Naked puts 33000 shares Earnings came out at .16 for the quarter and some say they missed by .01, stock sold down from around the 5.25 area to close under 5 at expiration. Decided to take in additional shares assigned at 5 & 7 with the avg cost on assignment at 5.50 and reduced the total DCA on the position by .20 / share. Wrote the Nov 5 calls for the 7500 shares taken in at 5 and will look to write calls on the Dec expiration next week to spread out the trade. I liked the earnings story and thought it was a bit of an overeaction with the selloff. Still like the story here and will trade around it. Options can be closed early depending upon market conditions. Good Trading dealmakr