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

To: dealmakr who wrote (4976)	11/18/2011 5:23:28 PM
From: dealmakr	Read Replies (1) \| Respond to of 5891

Position updated SVU 11/18/11 Didn't know if the 2500 shares would be called away as the stock closed at 7.99 on Friday 10/21/11. Well for that penny the stock wasn't called and I sold the shares on Monday for a small profit and reopened another round of puts at the 8 strike. Last 2 days of trading have had the stock above and below the 8 strike for expiration and the chatter has started again about undervalue. Nice to see it close above 8 and have the Nov 8 puts go bingo. Lots of volatility on this stock makes for the opportunity to write some decent options premium. Have deleted the data from round 1 so it won't confuse anyone especially me. 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 08/26/11 Sold 20 Sep 7 Put .46* 08/31/11 Sold 25 Sep 8 Call .35* 09/29/11 Sold 25 Oct 8 Call .10* 10/24/11 Sold 20 Nov 8 Put .36* 10/26/11 Sold 40 Nov 9 Call .15* 11/04/11 Sold 20 Jan 7.5 Put .75 11/10/11 Sold 20 Dec 8 Put .50 11/17/11 Sold 40 Jan 9 Call .35 Closed trades Profit/Loss 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 08/30/11 Dividend on 6500 SVU 568.75 09/17/11 Expired 20 Sep 7 Puts 920 09/17/11 Expired 25 Sep 8 Calls 875 10/22/11 Expired 25 Oct 8 Call 250 10/22/11 Expired 40 Oct 9 Call 1020 10/24/11 Sold 2500 SVU 8.10 250 (bot 08/19/11 @ 8) 11/19/11 Expired 20 Nov 8 Put 720 11/19/11 Expired 40 Nov 9 Call 600 Total return P/L on closed trades 9228.75 Long 4000 SVU avg/share 8.7 (34800) Stock closed 11/18/11 8.11 Short 20 Dec 8 Put 1000 Short 20 Jan 7.5 Put 1500 Short 40 Jan 9 Call 1400 Net position Exposure Covered Calls 4000 shares Naked Puts 4000 shares Good Trading dealmakr