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Strategies & Market Trends : Option Strategies -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (1688)	6/27/2016 3:17:09 PM
From: robert b furman	Respond to of 2591

Sold 25 puts on CY 7's January 2017. If put to me a net price of $6.50 Dividend of 44 cents and yield of .44/6.50 = 6.77% 50 cent premium equals a discount of 7.7 %; .50 /$6.5 = 7.7 % for 6 months or annualized 15.38? not counting July as a full month. Earnings are out on 7/21/2016 estimated to be 12 cents and hopefully the inventory over hang (from Spansion merger)will have been absorbed. Bob

To: robert b furman who wrote (1688)	6/28/2016 9:31:16 AM
From: alanrs	Read Replies (2) \| Respond to of 2591

I made some adjustments to WDC yesterday, closed the July29th 50 covered call, sold to open 2 Aug 40 puts and 1 Aug 35 put. Only got okay prices, on a day like yesterday it's hard to know what a good price might be and it's hard not to do something or another. Tried to sell another INFN Jan 10 put for 1.65 but they were having none of it. I don't know CY (other than the name) and as a long time QCOM holder have an aversion to anything tied to Broadcom. Everyone's got quirks and I've got my share. ARS