My OPTION TRADES..... part 2

Sold puts on $$12.50 DY for Dec.
Credit $0.55
Annualized % return..... 20%

Reasonable tech support around $12, per the 5 year chart below:
http://finance.yahoo.com/q/bc?s=DY&t=5y&l=on&z=l&q=b&c=

Fundamentals are a bit mixed. For example, some margins are a little weaker than I like, but overall, a financially healthy company whose debt interest coverage is still good.
Looks like a reasonable trade for a break even price of $11.95

I would have sold puts for Nov vs Dec., but I could not get the credit I desired. Thus, I went for Dec.
Also, earnings are due out about the same time as the Nov contract expires.

I'll be at the gaming convention all day, so I won't be posting anymore today.
 
Quote from Put_Master:

Sold puts on $22 CNX for Jan.
Credit $1.05
otm safety cushion.... 25%
Annualized % return.......... 13%
http://finance.yahoo.com/q/bc?s=CNX&t=5y&l=on&z=l&q=b&c=
More...

Today I closed this Jan $22 CNX trade, after just one month.
Original credit $1.25.
Closed the trade for $0.38
Thus keeping 64% of the credit.

I've been on a bit of leverage the past week, with my last few trades, so it's good to reduce that responsibility.
With my Oct trades expiring in 2 weeks, I now have the opportunity to either consider another Jan trade that pays more credit than I just returned,... or to look for an earlier Nov or Dec trade.
Or perhaps just relax for a week or two.
Also, I just changed the % return from 13% to about 37%
 
Sold puts on $24 VECO for Nov.
Credit $0.40
Annualized % return..........15%
OTM safety cushion 17%.

There is reasonable tech support at 24 per the 1 year chart below.
http://finance.yahoo.com/q/bc?s=VECO&t=1y&l=on&z=l&q=b&c=

My only concern about the company is, that it is heavily shorted.
There are a few issues with it's fundamentals, but I don't see anything that would warrant such a large % of shorts.
But I will find out soon enough, as they report earnings October 22.
With a BE price of $23.60, I'm happy to own the company and sell covered calls, if I should get a nasty surprise.
 
Assuming I shared all my October trades, which expire next friday,... below is an update of the trades, for those following or trading them.
They are all currently above their strikes, but a few are very close to them, and could potentially be put to me.
If so, I'll be happy to sell covered calls on them.
Below is a list the stocks and their strike:

ARO.... 10
ATVI.... 11
CNX.... 24
IGT..... 11
LRCX.... 31
TRLG.... 17
WMS.... 15
 
ACTG reports earnings tomorrow.
I'm hoping for an opportunity, via increased volatility, to initiate a $17.50 November naked put on the stock tomorrow.
 
Quote from Put_Master:
ACTG reports earnings tomorrow.
I'm hoping for an opportunity, via increased volatility, to initiate a $17.50 November naked put on the stock tomorrow.
More...
Earnings are now out. They missed.
I'm hoping for a drop in stock price Friday, and that it creates the investing opportunity I was speaking about above.
 
Quote from Put_Master:

Earnings are now out. They missed.
I'm hoping for a drop in stock price Friday, and that it creates the investing opportunity I was speaking about above.
More...

It dropped fifty. The 17.50 put will be flat to down.
 
Quote from Put_Master:

Sold puts on $9 MRVL for Nov.
Credit $0.30
Annualized % return..... 15%

http://finance.yahoo.com/q/bc?s=MRVL&t=5y&l=on&z=l&q=b&c=
Reasonable tech support in the $10 area, per the 5 year chart above.
Company fundamentals are a mixed blend of mostly positive, with a few just "so-so" metrics. But is financially healthy, and reasonably valued at my $9 price, with a BE of $8.70
Currently going through a few issues, but that is what creates buying opportunities for solid companies.
More...

Closed this Nov trade earlier today for a loss.
Normally i would buy the stock and sell a covered call.
But when the facts change.... I change my mind and my strategy.

As for my Oct trades which expire today, they are all currently trading above their strikes, but my $11 ATVI is very close to it's strike, so I'll have to wait and see.
 
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