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

To: dealmakr who wrote (5106)	5/18/2012 5:26:30 PM
From: dealmakr	Read Replies (1) \| Respond to of 5891

Position updated SVU 05/18/12 SVU looks like its trading as a BK candidate, but company has declared the dividend ex 05/30/12. Re looked at the 10k and still IMHO they will have enough free cash flow to cover all debt redemptions this year. In opening the 7 calls expiring this month, I was willing to go to the exit at a loss on the stock, but would still come out ahead on the premiums received. Stock lost about 25% in the past month and today I figured it may hold around 5, but that wasn't meant to be. Will be watching closely over the next week to see how things go and may trade out of the 15k shares just bot or open CC's. 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* 01/09/12 Sold 20 Jan 7.5 Put .16* 01/20/12 Sold 40 Apr 8 Call .20* 01/21/12 Bot 2000 SVU 7.50 (15000) exercise 01/31/12 Sold 20 Apr 8 Call .20* 04/23/12 Sold 60 May 7 Call .10* 05/09/12 Sold 50 May 5 Put .06* 05/17/12 Sold 100 May 5 Put .10* 05/19/12 Bot 15000 SVU 5 (75000) 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 01/21/12 Exercised 20 Jan 7.5 Put 320 01/21/12 Expired 40 Jan 9 Call 1400 02/28/12 Dividend on 6000 SVU 525 04/21/12 Expired 60 Apr 8 call 1200 05/19/12 Exercised 150 May 5 Put 1300 05/19/12 Expired 60 May 7 Call 600 Total return P/L on closed trades 15423.75 Long 21000 SVU avg/share 5.94 (124800) Stock closed 05/18/12 4.65 Net position Exposure 0 options Good Trading dealmakr