My option trades

I don't want to over concentrate anymore trades for July, so I thought I'd share my 1st potential trade for Aug.

My order is in, and I'm just waiting for another test of $35 for CE.
Selling a $30 naked put on CE for Aug for a credit of $0.70
Annualized % return 15%.
The % return may be a little on the low side, but it's a high probability trade on a quality company.

I may re-evaluate and change it to a put spread, but for now I'm going naked, as I really like the companies strong fundamentals, and excellent tech support in the $35 area, and support again at my $30 strike.

I would not mind owning this company at a break even price of $29.30.... if a bad market takes it down.
That excellent value price should be recoverable for such a fundamentally strong company.
Below is the 2 year chart for CE.
http://finance.yahoo.com/q/bc?s=CE&t=2y&l=on&z=l&q=b&c=
 
Sold naked puts on CE for August.
Credit $0.75
Annualized % return... 16%
Company has very good fundamentals, and i like the tech support at $30
Break even price $29.25
 
Sold $10 naked put on MRVL for Aug.
Credit $0.25
Annualized % return 21%.
Quality company. Good fundamentals. But volatile sector.
Tech support per the 5 year chart.
Earnings released ahead of expiration, so the last week or two may be volatile.
 
Sold puts on $32 LRCX for August.
Credit $0.60
Company has good fundamentals and is financially healthy, with excellent ability to service it's debt load.
My only concern is a higher % of shares being shorted, than I'm comfortable with.
I assume it's over potential inventory issues.
I like the companies tech support in the $35 area, per the 2 year chart.
Annualized % return on this 6 week trade.... 16%

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