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

To: dealmakr who wrote (5654)	1/27/2013 8:05:48 AM
From: Robohogs	Read Replies (1) \| Respond to of 5891

Things do look frothy. I am having tough time too. Running with 30% cushion and sight to get to 40% easily as result vs. more usual 10 +/-%. I also am roughly 55% puts and 45% calls with only 2 stocks in measurable size - long GDP and short Apple. The short Apple should convert to modest-sized long on open Monday as the last minute 4 point drop triggered short puts even as I overpaid to bring in short calls - ugghh. As a result, I did the medium short on a 1-5 ratio vs puts as the clearly manipulated late drop and price hovering at the strike will cause me to likely get 1/3 to half assigned, maybe slightly less or more. Ideally, half as that would leave me long into what I expect will be a big up day Monday. I trade AAPL every Friday and every time late moves trigger me, the stock has gone opposite way on Monday. I expect this to be 6th time but have controlled size vs. last time. That time, I sold out massive position for 0.5% gain which would have become 5%. But intent was never to go long unhedged and so large. I always use spreads and risk controls break apart on assignments. Jon