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


To: Keith J who wrote (5619)12/20/2012 11:47:17 AM
From: dealmakr   Respond to of 5891
 
Hi Keith,

MLNX one that I haven't dabbled in for a while was short calls when it was over 100 before the collapse.

Sold 5 Jan 35 Puts .50 250 received

Margin required about 1900 for the trade

If exercised would need another 17250

Return if not exercised about 13% on margin used and or about 1.45% against cash for the month if exercised.

Wanted to take a small position just to have it on the watchlist and not looking to go too heavy into too much positioning before the new year, but by having a few small positions open on higher beta names, a few quid can be hopefully gleaned on margin that isn't being used. Thanks for bringing it up.

Good Trading

dealmakr



To: Keith J who wrote (5619)12/26/2012 1:32:48 PM
From: Keith J  Read Replies (1) | Respond to of 5891
 
Couple of real small energy positions established today by selling a few:

END June 5 puts for a dollar.
HNR June 10 puts for 2.25.

Major weakness in energy stocks today considering rise in energy prices. Go figure.

KJ



To: Keith J who wrote (5619)1/24/2013 11:49:59 AM
From: Keith J  Read Replies (1) | Respond to of 5891
 
Scratching my head on MLNX. After horrific guidance and some downgrades, shocking to see it is trading up - I was anticipating a 30%+ haircut today.

I've closed out my positions (had also sold a few Feb. 45s and June 40s) with modest gains and will stay on the sidelines for now.

KJ