I have some thought but have not had a chance to figure out in details.
I have STP stock with me. What if I do the following trades:
1. Sell Aug 16 call @ 1 2. Sell Aug 14 put @ 1.30
If STP ends with: a) 17 and above: I collect both premiums and give up my stock b) between 16 and 17: earn put premium. Row forward my call. c) between 14 and 16. Collect both premiums d) between 14 and 12.7: collect call premium. Row forward my put. e) 12.7 and below. collect call premium. Row forward my put.
Today, sold AIG Aug 9 put @ 0.79. Wanted to sell more contract but running out of fund. After today, should be able to write more as the July option would expire.
I have some thought but have not had a chance to figure out in details.
ReplyDeleteI have STP stock with me. What if I do the following trades:
1. Sell Aug 16 call @ 1
2. Sell Aug 14 put @ 1.30
If STP ends with:
a) 17 and above: I collect both premiums and give up my stock
b) between 16 and 17: earn put premium. Row forward my call.
c) between 14 and 16. Collect both premiums
d) between 14 and 12.7: collect call premium. Row forward my put.
e) 12.7 and below. collect call premium. Row forward my put.
Advice and comment are much appreciated.
My trade last night.
ReplyDeleteSold AIG Aug 19 call @ 1.4
I hope it sticks. A long way to go.
Rolled forward my C july 3 put to Aug. A friend of my closed his July 3 put and bought an naked Aug 3 call.
ReplyDeleteToday, sold AIG Aug 9 put @ 0.79. Wanted to sell more contract but running out of fund. After today, should be able to write more as the July option would expire.
ReplyDeleteA friend bought C Aug 3 call. If it goes up accordingly, he will be a very happy person...
ReplyDeleteOn July 15, I sold Aug 3 Put at $0.45. I closed this today at $0.05. Rough 6% net.
ReplyDeleteClosed my AIG 9 Put @ $0.17 on Aug 4th. Net 5.6%...
ReplyDelete