Stock Symbol: [private_monthly]GLW[/private_monthly] Strategy: Combo (short put / long call) Reasoning: We expect this stock to go to 20 – 22 within 1 month. The trade generates a $0.20 per share credit. If, by Sep [Read More …]

[private_monthly]CHK[/private_monthly] calendar spread: Bought long call at 5.00.  Current bid = 5.5 Sold short call for .47.  Current ask = .61 Net debit = 4.53 Current value = 4.89 (up 7.9%). Action: sell for net [Read More …]

We entered into our covered call on [private_monthly]MEE[/private_monthly] on May 21st.  We’re long 100 shares of the stock at $29.50 per share and short the 1 – June 29 strike call at $3.60 per contract.  [Read More …]

Stock Symbol: [private_monthly]CHK[/private_monthly] Strategy: Calendar Spread Trade Details: buy 1 Jan 2012 20.00 call option for approximately $4.90 sell 1 Jan 2011 30.00 call option for approximately $0.50 Uncalled Return: 10.2% Called Return: 5.6% [private_monthly] Flash [Read More …]

Stock Symbol: [private_monthly]MEE[/private_monthly] Strategy: covered call Trade Details: – purchase 100 shares of [private_monthly]Massey Energy [/private_monthly]at or near last close of $29.89 – sell 1 June 10 29.00 call option for approximately $3.35 Uncalled Return: 11.2% [Read More …]

Looks like we are retesting lows that we made couple weeks ago probably be in sideways trading range for a while until dust settles.

Stock Symbol: [private_monthly]PXP[/private_monthly] Strategy: covered call Trade Details: – purchase 100 shares of [private_monthly]Plains Exploration [/private_monthly]at or near last close of $30.92 – sell 1 Apr 10 31.00 call option for approximately $0.80 Uncalled Return: [Read More …]

Stock Symbol: [private_monthly]HP[/private_monthly] Strategy: covered call Trade Details:  – purchase 100 shares of [private_monthly]Helmerich & Payne [/private_monthly]at or near last close of $40.22 – sell 1 Mar 10 40.00 call option for approximately $1.10 Uncalled [Read More …]