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

To: dealmakr who wrote (5848)12/3/2013 9:39:18 AM
From: dealmakr   Read Replies (1) | Respond to of 5891
 
Updated Position POT 12/03/13

Didn't like the news today about POT laying off 18% of the workforce, makes me think that things could be tougher than thought so sold out of the stock and will close the open calls. Market looking toppy also has a bearing in selling out. In selling the position my timing could be wrong, but will not be happy to have this one turn into a big loser.

Closed the Dec 32 Calls and will see if the 12/06 33 & 34 calls can bingo.

Next dividend has been declared @ .35 with the ex date of 01/14/14.

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*
10/24/13 Sold 20 11/08/13 32.5 Call .07*
10/24/13 Sold 20 Dec 32 Call .61*
10/31/13 Sold 20 11/22/13 32.5 Call .19*
11/04/13 Sold 20 11/08/13 32 Put .32*
11/11/13 Sold 20 11/22/13 32.5 Put .32*
11/19/13 Sold 20 11/29/13 32.5 Put .39
11/19/13 Sold 10 12/06/13 34 Call .21
11/20/13 Sold 10 12/06 33 Call .23

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
10/25/13 Expired 20 10/25/13 32 Call 1140
11/08/13 Expired 20 11/08/13 32 Put 640
11/08/13 Exercised 20 11/08/13 32.5 Call 140
11/08/13 Sold 2000 POT 32.5 (65000) (40)
11/22/13 Expired 20 11/22/13 32.5 Call 380
11/22/13 Exercised 20 11/22/13 32.5 Put 640
11/22/13 Bot 2000 POT 32.5 (65000)
11/29/13 Exercised 20 11/29/13 32.5 Put 780
11/29/13 Bot 2000 POT 32.5 (65000)

12/03/13 Sold 4000 POT 31.425 (4300)
12/03/13 Bot close 20 Dec 32 Call .47 280

Total return on closed trades 2100

Long 4000 POT 130000

Short 10 12/06/13 33 Call 230
Short 10 12/06/13 34 Call 210

Good Trading

dealmakr


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