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


To: Robohogs who wrote (5176)6/19/2012 9:55:13 AM
From: dealmakr   Read Replies (1) | Respond to of 5891
 
06/19/12 New Position ETFC

Bot 3000 ETFC 7.91
Sold 30 Jul 8 Call .37
Sold 30 Jul 7 Put .12

A smaller position that could provide a nice percentage return if called at expiration. May add a few more depending upon market conditions.

dealmakr



To: Robohogs who wrote (5176)6/19/2012 10:28:27 AM
From: katytrader  Read Replies (1) | Respond to of 5891
 
Jon, if I understand correctly there is no LT U.S. tax possibility with sold puts.

katytrader



To: Robohogs who wrote (5176)6/19/2012 1:51:50 PM
From: Jim P.  Read Replies (1) | Respond to of 5891
 
I looked at where you entered. Nice lower risk play just going by the chart. I do remember the local government acting like they were going to change the interpretation of the LNG agreement so not with out risk. Do you remember how much margin you tied up?