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

To: dealmakr who wrote (5804)	10/16/2013 1:10:37 PM
From: upanddown	Read Replies (1) \| Respond to of 5891

Deal I followed you into the POT buy write for 10/11. Pretty much the same as you, 2000 with a net debit of 31.96. I let the calls expire and wanted to incorporate POT into a strategy I use, where you buy a solid dividend payer with weekly options and then bang away at the weekly calls (and puts if exercised) BETWEEN dividends. Problem is that there doesn't to be any weeklies for POT currently. I just sold the Nov 32 for 1.10 and happy with that since it is 3.4% for 31 days. I'm just not sure what happened to the weeklies but thanks for the play. Stock .50 under buy price but with 2.00 already in divvie and call premium, nicely profitable. John

To: dealmakr who wrote (5804)	10/18/2013 9:53:52 AM
From: dealmakr	1 Recommendation Recommended By Jim P. Read Replies (2) \| Respond to of 5891

Updated Position POT 10/18/13 Rolled the 32 strike calls out another week for additional premium. Good Trading dealmakr 10/04/13 Bot 2000 POT 32.52 (65040) 10/04/13 Sold 20 10/11/13 32.5 Call .56* 10/10/13 Sold 20 Oct 32 Call .58* 10/18/13 Sold 20 10/25/13 32 Call .57 Closed trades Profit/Loss 10/10/13 Dividend .35 on 2000 shares 700 10/10/13 Bot close 20 10/11/13 32.5 call .09 940 10/18/13 Bot close 20 Oct 32 Call .18 800 Total return on closed trades 2440 Long 2000 POT 32.52 Short 20 10/25/13 32 Call .57 1140