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

To: CommanderCricket who wrote (5445)	9/21/2012 8:37:57 PM
From: Robohogs	2 Recommendations Read Replies (1) \| Respond to of 5891

Main issue is that QCOR is one drug company. Very profitable though. I was short an iron condor and stupidly took off short call spread leg to salvage 20-25 cents. $1K of foregone profits - traded did make very modest profits. Stock came back in right on close while I was dealing with a disaster of a night - missed pegs in PCLN and AAPL (GOOG and older PCLN and AAPL trades made up for it though but time focus and some gains taken). SKUL short call part of strangle stunk - back to breakeven. STX last minute strangle - forced to take off both legs due to last minute ET margin bug. Thank goodness I sucked out $100 from profits just to get ut done as STX warned a bit later. I was patient in JRCC though trying to figure its hard rally while ANR and WLTR hit hard. It came in slowly most of night - was hoping $3 flat for close but did $2.99 which was better than $3.01. This is a retail name so I figure some of my short calls may get hit anyway and if modest amount of short put legs opt out, yeah! WLT short puts will deliver stock too given last second break of $35. JRCC and SKUL were the big keys to the night though and one came through strongly and one came in half. I did get hit in longer term JRCC short calls as they were up 15% - without that move, last night met goals. That is a key long-term position as coals WILK be killed by Obama. Day/2-day trades a mixed bag too though with AAPL and PCLN overnighters awesome, GOOG day trade great, STX made 20 out of 30 cents possible, Skyworks perfect, but AAPL and PCLN daytrade probably minor losses (would have been better but PCKN spiked right after I cut losses) and mis-traded QCOR and ITMN - came in last minute but I had covered to free up $ and time for others. Overall I was set up for big night coming in. I probably got 1/2-2/3 of that - hard to tell given I am still in not looking at final balance mode and took numerous intraday gains and losses. Also had high 4 figures of short premium waiting to expire. Pretty good week overall but I left some on table. Wish I had exited some AAPL earlier (seem to always say that - should exit at 2 as a rule) Jon