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To: rnsmth who wrote (169867)	5/27/2014 6:43:32 PM
From: i-node	1 Recommendation Recommended By rnsmth Respond to of 213173

I had some Jul 560s that, a couple months ago, I thought I might lose to expiration. I rolled them up and out to the Jan 600s today.

To: rnsmth who wrote (169867)	5/27/2014 7:45:05 PM
From: Moonray	1 Recommendation Recommended By rnsmth Respond to of 213173

Since the end of February my Jan 2015 $600 calls are up 270% Stop your complaining. You should be satisfied with that :-) o~~~ O

To: rnsmth who wrote (169867)	5/27/2014 9:33:14 PM
From: MGV	Read Replies (2) \| Respond to of 213173

Since the end of February my Jan 2015 $600 calls are up 270%. I still haven't closed out a slew of Jan 2015 puts with strikes ranging from 430 to 490 that were sold at prices ranging from 80+ to 110+. Eg 10 Jan 2015 455s were sold on two dates last June for an average premium of 105.99. Today they are b/a 2.39/2.67. The carry on the premium was used to buy blue chip dividend growers that are up total return north of 15% over the last 11 months. It isn't often the market serves up equivalent opportunities. I could have sold 600 strikes and made much more if I had had a crystal ball. It wasn 't needed to make a tremendous return with the risk of a company trading at less than 10x then consensus earnings with a break even at less than 9 times without adjusting for the cash.