The Money Tree

Safely Generating Income in Retirement

FEB Expiration – Results

Posted by mounddweller on February 21, 2011

Fellow Traders,

Just a quick post to update everyone on my trades that closed at expiration on Friday.  I had a number of NP trades  that closed OTM.  They are as follows:

As you can see one mistake can do a heck of a lot of damage to what otherwise was a good month.  So, lesson learned.  STICK TO YOUR GAMEPLAN!

Regards,

Troy

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One Response to “FEB Expiration – Results”

  1. dealmakr said

    Hi Troy,

    Looks like AGT held up and raised their divy.

    An update on still working positions;

    Updated position BRCD 02/19/11

    11/24/10 Sold 50 Dec 5 put .13*
    12/01/10 Bot 5000 BRCD 5.02*
    12/01/10 Bot 5000 BRCD 5.01*
    12/01/10 Sold 100 Dec 5 Call .18*
    12/01/10 Sold 100 Dec 5 Put .16*
    12/02/10 Sold 50 Apr 5 Put .50
    12/03/10 Sold 100 Jan 5 Put avg .225*
    12/07/10 Sold 50 Jan 5 Put .18*
    12/17/10 Sold 50 Jan 5 Put .19*
    12/17/10 Sold 50 Apr 5 Put .50
    12/30/10 Sold 20 Apr 5 Put .50
    12/30/10 Sold 20 Apr 7 Call .27*
    01/03/11 Sold 100 Feb 5 Put avg .245*
    01/03/11 Sold 50 Feb 6 Call .27*
    01/03/11 Bot 5000 BRCD 5.36*
    01/04/11 Sold 30 Feb 6 Call .30*
    01/04/11 Sold 50 Jul 5 Put .53
    01/04/11 Bot 5000 BRCD 5.54*
    01/13/11 Sold 100 Jan 6 Call .12*

    Closed trades Profit/Loss

    12/18/10 Exercised 100 Dec 5 Call 1800
    12/18/10 Sold Exercise 10000 BRCD 5 (150)
    12/18/10 Expired 150 Dec 5 Put 2250
    01/13/11 Bot Close 80 Feb 6 Call .35 (550)
    01/13/11 Bot Close 20 Apr 7 Call .28 (20)
    01/22/11 Expired 200 Jan 5 Put 4100
    01/22/11 Expired 100 Jan 6 Call 1200
    01/24/11 Sold 10000 BRCD avg 5.615 1650
    02/19/11 Expired 100 Feb 5 Put 2450

    Total Return P/L on closed trades 12730

    Total Position Cost/Premium received

    Short 120 Apr 5 Put 6000 (corrected)
    Short 50 Jul 5 Put 2650

    Net Position Exposure

    Naked Puts 17000 shares

    BRCD earnings put some lift into the stock price and will now have to look at the 6-7 area for further writing of puts. Probably the Apr 5 puts will be closed out shortly after much premium decay and a round of Apr 6 puts opened.

    Good Trading

    dealmakr

    Updated position XRX 02/19/11

    11/30/10 Sold 50 Dec 11 Put .16*
    11/30/10 Sold 30 Dec 11 Put .15*
    12/06/10 Bot 3000 XRX 11.74
    12/06/10 Sold 30 Apr 12 Call .82*
    12/31/10 Sold 25 Jul 9 Put .30
    01/21/11 Sold 30 Feb 12 Call .12*
    01/27/11 Sold 30 Feb 11 Call .16*
    02/09/11 Sold open 30 Jul 12 Call .32

    Closed Trades Profit/Loss

    12/18/10 Expired 80 Dec 11 Put 1250
    12/29/10 Dividend .0425 on 3000 shares 127.5 (corrected)
    01/21/11 Bot close 30 Apr 12 Call .28 1620
    02/13/11 Bot close 30 Feb 11 Call .13 90
    02/19/11 Expired 30 Feb 12 Call 360

    Total Return P/L on closed trades 3447.5

    Long 3000 XRX 11.74 (35220)

    Short 30 Jul 12 Call 960
    Short 25 Jul 9 Put 750

    Net Position Exposure

    Covered Calls 3000 shares
    Naked Puts 2500 shares

    With the opening of the Jul 12 Calls and the stock kissing the 11 strike, I bot back the short Feb 11 calls. XRX still a fairly small position, but can’t seem to decide yet on where to put on more leverage either short puts or buying more stock and writing CC’s with the position about even after premium received.

    Good Trading

    dealmakr

    Updated position EK 02/19/11

    After selling puts on EK in Jan at the 5 strike that expired and won’t be counted in the total trading position, I am posting this as a position that went against me. The first blow was EK not gaining favorable status on patent resolution in the suit against AAPL & RIMM. The next was a selloff after earnings. It now remains to be seen as to how to work this position from the standpoint of how to try and work out of the hole or to close it out and take the loss. Comments welcome.

    01/05/11 Sold 50 Feb 5 Put .20*
    01/05/11 Sold 50 Jul 4 Put .25
    01/25/11 Sold 50 Feb 5 Put avg .555*
    01/26/11 Sold 50 Jul 4 Put .70
    02/07/11 Sold 50 Feb 3.5 Put .06*
    02/08/11 Sold 50 Feb 3.5 Put .06*

    Closed trades Profit/Loss

    02/16/11 Bot close 100 Feb 5 Put 1.34 (9625)
    02/19/11 Expired 100 Feb 3.5 put 600

    Total return on closed trades (9025)

    Short 100 Jul 4 put 4775

    Net Position Exposure

    Naked puts 10000 shares

    The Feb puts opened at the 3.5 strike were done to give me a DCA (dollar cost average) of 4.25/share if both the 3.5 & 5 strike were exercised. Well as the stock appeared to be holding above the 3.5 strike, decided to take the upfront loss on the Feb 5 puts as the 3.5’s looked to bingo. will probably be opening another round in the Mar cycle at that level.

    Good Trading

    dealmakr

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