My OPTION TRADES..... part 2

Sold puts on $7 UEPS for Jan.
Credit $0.20
Annualized % return..... 17 - 18%
BE price....$6.80

The companies fundamentals are more mixed than I generally accept.
They are not bad. But they are not up to my usual standards.
For example, their cash on hand is lower than I'd like.
However, they appear to be financially healthy, and able to handle their debt load... which is still reasonable.
Technially, I like their tech support in the $6.8 area, which is my break even price.
http://finance.yahoo.com/q/bc?s=UEPS&t=2y&l=on&z=l&q=b&c=
I don't generally trade companies under $10, but I'm taking a chance on this one.
 
Quote from oldnemesis:

BBY is down 13% today after a 'disappointing' earnings report:

http://finance.yahoo.com/news/best-buy-reports-3rd-quarter-133232620.html

I closed the bear call spread for .08 making for a yield of:

.20/28 = 71% in one day. That was also shooting fish in a barrell.

I still have open a longer term bear call spread on BBY that expires in Jan.

(copied from elsewhere)
More...

...oldie, it would seem some of your latest trades have had an earinings release angle to them.....true or just coincidence?...
 
Sold puts on $40 NTES for Jan.
Credit $0.90
Annualized % return.....14%
BE price... $39.10

Thus, I now have a $41 put for Dec and a $40 put for Jan.
Both earning 14% annualized.
Both trades blend well with last weeks $10 ATVI trade for Dec, as they are in a similar industry.
Although, I'm earning 18% on the ATVI trade.
 
Sold puts on $24 VECO for Dec.
Credit $0.25
Annualized % return........15%
otm safety cushion 12%

Stock has reasonable tech support in the 26.5 - 27 area, which is where it traded today.
And tech support again in the $24 area, per the 2 year chart below.
Hence my selection of $24 as my strike, with a BE price of $23.75

http://finance.yahoo.com/q/bc?s=VECO&t=2y&l=on&z=l&q=b&c=

However, company is having some earnings issues and is heavily shorted.
Hence the reason this is a short term trade.
However, company is financially healthy.
Earnings are not due again until late Jan.
 
Quote from Put_Master:

I'm glad i waited until today to initiate the ATVI trade I discussed yesterday. Got a higher credit today.

Sold puts on $10 ATVI for Dec.
Credit $0.18
Annualized % return..... 18%
Good tech support in the $10.4 - 10.5 area, per the 2 chart below.

http://finance.yahoo.com/q/bc?s=ATVI&t=2y&l=on&z=l&q=b&c=
More...

Initiated this Dec trade Nov 15th.
Closed it today for $0.04.
Thus keeping about 80% of the profits,... while closing this 5 week trade in under 2 weeks.
 
Quote from probe1957:

Nice. I am happy for you.
More...
Thanks. But the only reason I posted that I closed it, was because I posted that I opened it.
If someone had copied the trade, I felt it was appropriate to share that I closed it.
I'm hoping to find another trade to replace ATVI with, otherwise it was a mistake to close it.
My goal now, it to find another trade that will generate considerably more credit (dollars) than I left behind,... for the same unit of time that remained on the contract,... using a similar amount of cash.
 
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