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


To: Keith J who wrote (5119)5/21/2012 3:43:50 PM
From: Robohogs  Respond to of 5891
 
The BPS heading into today looked awesome but despite regaining buying power in my accounts during the day Friday (with sacrifices to the market), daytrading power remained 0. So I did not get the BPS off in STX. I did get delivered 1,000 shares vs. 10 $27 puts though! I covered 30 other puts earlier in day (now wish I hadn't) before STX fell apart on Friday. I did lose however overall on STX as I had some puts written closer to $30 which I took losses on. Bad, bad few weeks.

Jon



To: Keith J who wrote (5119)5/22/2012 10:02:01 AM
From: Bocor  Read Replies (1) | Respond to of 5891
 
Good day to look at selling some puts on STX?

The second-largest position in Einhorn's portfolio at the end of the first quarter was Seagate Technology. As of March 31, 2012, Einhorn had $392 million invested in this stock.

Besides Einhorn, Edward Lampert's ESL Investments also had $100+ million invested in Seagate at the end of last year.