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

To: dealmakr who wrote (4988)	12/19/2011 6:12:40 AM
From: dealmakr	Read Replies (2) \| Respond to of 5891

Position updated SVU 12/17/11 Decided to close the short puts before expiration as I could get out of the Dec 8's for a flat trade and couldn't write any Jan 8 Calls at that time to offset. Closed the Jan 7.5 puts for a small profit and will go to the sidelines for a time before entering any new short puts. Underwater from original entry on the capital side, but if premium and dividends were added back into the price would be ok. Still think that if the company can reduce the debt load it may come out of this swoon. 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 11/29/11 Dividend on 4000 SVU 350 12/16/11 Bot close 20 Dec 8 Put .50 (0) 12.16.11 Bot close 20 Jan 7.5 Put .50 500 Total return P/L on closed trades 10078.75 Long 4000 SVU avg/share 8.7 (34800) Stock closed 12/17/11 7.49 Short 40 Jan 9 Call 1400 Net position Exposure Covered Calls 4000 shares Good Trading dealmakr