Well Puts » BEAT http://www.wellputs.com Selling put and call options for consistent profits in all market conditions. Sun, 07 Feb 2010 21:42:05 +0000 en hourly 1 http://wordpress.org/?v=3.0 October 2009 Options Expiration http://www.wellputs.com/2009/10/october-2009-options-expiration/ http://www.wellputs.com/2009/10/october-2009-options-expiration/#comments Mon, 19 Oct 2009 15:26:10 +0000 Paul http://www.wellputs.com/?p=298 Related Posts September 2009 Options Expiration, December 2009 Options Expiration, January 2010 Options Expiration]]> I had the following options expire in October 2009.

AMB Property Corp. (AMB) – I sold to open AMB October 20.00 puts back on September 8th that expired OTM. This is a five week return of 4.21%.*

AMB Hourly

AMB Hourly

CardioNet, Inc. (BEAT) – I sold to open BEAT Oct 7.50 calls on September 21st. This is a 4 week return of 5.23%.* I also bought some BEAT 7.50 calls on October 6th. BEAT is still range-bound between $6 and $8.

BEAT Hourly

BEAT Hourly

Diana Shipping Inc. (DSX) – I sold to open DSX October 15.00 calls back on September 16th that expired OTM. This is a 5 week return of 3.28%.* I might turn around and sell some November 15 calls right away.

DSX Hourly

DSX Hourly

Energy Conversion Devices, Inc. (ENER) I sold to open ENER October 13 puts in my taxable account on September 17th. I was put these shares at $13. When I opened this trade ENER had a flat 50 day SMA but it has since started declining. I’m leaning towards selling some November 13 calls on any further signs of weakness. ENER does have some nice volume on these recent rallies as seen on the hourly chart.

I also had some ENER October 14.00 calls expiring OTM in my IRA. I sold these back on September 21st and they expired OTM for a 4 week return of 3.90%.* This brings my cost basis down to $12.48.

ENER Hourly

ENER Hourly

United States Natural Gas (UNG) – I sold to open UNG October 12.00 calls back on September 18th and again on the 24th. These calls expired OTM for a 4 week net return of 4.12%.*

UNG Hourly

UNG Hourly

* The return is calculated using the premium I received from the sale of the options (less commissions) and the capital required to pay for their possible assignment.

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September 2009 Options Expiration, December 2009 Options Expiration, January 2010 Options Expiration]]> http://www.wellputs.com/2009/10/october-2009-options-expiration/feed/ 0 Buy to Open BEAT May 7.50 Calls http://www.wellputs.com/2009/10/buy-to-open-beat-may-7-50-calls/ http://www.wellputs.com/2009/10/buy-to-open-beat-may-7-50-calls/#comments Tue, 06 Oct 2009 21:32:45 +0000 Paul http://www.wellputs.com/?p=271 Related Posts Sell to Open BEAT October 7.50 Calls, Buy to Close BEAT Sep 7.50 Puts, Sell to Open ENER October 14 Calls]]> I bought some BEAT May 7.50 calls. I’m anticipating a move up to the 7.50 area where I can roll this into a calendar call spread.

BEAT 30 Minute

BEAT 30 Minute

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Sell to Open BEAT October 7.50 Calls, Buy to Close BEAT Sep 7.50 Puts, Sell to Open ENER October 14 Calls]]> http://www.wellputs.com/2009/10/buy-to-open-beat-may-7-50-calls/feed/ 0 Sell to Open BEAT October 7.50 Calls http://www.wellputs.com/2009/09/sell-to-open-beat-october-7-50-calls/ http://www.wellputs.com/2009/09/sell-to-open-beat-october-7-50-calls/#comments Mon, 21 Sep 2009 20:11:45 +0000 Paul http://www.wellputs.com/?p=249 Related Posts Buy to Open BEAT May 7.50 Calls, Sell to Open ENER October 14 Calls, Sell to Open UNG October 12 Calls]]> I sold to open some October 7.50 covered calls on a small CardioNet, Inc. (BEAT) position. BEAT has been range-bound between $7.80 and $6.50 for nearly 2 months. On strength I will sell Oct or Nov 7.50 puts. This is a 30 minute chart. I normally post hourly bars.

BEAT 30 Minute

BEAT 30 Minute

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Buy to Open BEAT May 7.50 Calls, Sell to Open ENER October 14 Calls, Sell to Open UNG October 12 Calls]]> http://www.wellputs.com/2009/09/sell-to-open-beat-october-7-50-calls/feed/ 0 Buy to Close BEAT Sep 7.50 Puts http://www.wellputs.com/2009/09/buy-to-close-beat-sep-7-50-puts/ http://www.wellputs.com/2009/09/buy-to-close-beat-sep-7-50-puts/#comments Thu, 17 Sep 2009 21:04:06 +0000 Paul http://www.wellputs.com/?p=191 Related Posts Bought to Close JASO Sep 5 Puts, Bought to Close TBSI Oct Puts, Bought Back CRS Puts]]> I closed out my BEAT September 7.50 puts. BEAT isn’t really showing a definite trend so I didn’t want to risk being put the stock at this point. I may consider selling some more puts next week. I sold these back on July 28th at 1.30 and bought them back at .25. That is a net return of 11.13%. *

BEAT Hourly

BEAT Hourly

* Return is based on the premium I received from the sale of the options (less commissions) and the capital set aside to pay for their possible assignment.

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Bought to Close JASO Sep 5 Puts, Bought to Close TBSI Oct Puts, Bought Back CRS Puts]]> http://www.wellputs.com/2009/09/buy-to-close-beat-sep-7-50-puts/feed/ 0 September Options Update http://www.wellputs.com/2009/09/september-options-update/ http://www.wellputs.com/2009/09/september-options-update/#comments Fri, 11 Sep 2009 15:35:21 +0000 Paul http://www.wellputs.com/?p=150 Related Posts September 2009 Options Expiration, August 2009 Options Expiration, October 2009 Options Expiration]]> A week to go before September expiration and I have a lot of puts expiring. I need to plan out what I’m holding through expiration and what I need to make adjustments on. The market has been up for every day for a week now and a pullback seems imminent. However, the market doesn’t care what I think and this could continue. I need a plan either way.

Oil & Gas Equipment & Services

BAS was a lottery pick no doubt about it. I’m short the Sep 7.50 puts and there is a good chance I could be put this stock but after the melt-up this morning I’m not so sure. I’m holding for now.

BAS-Hourly

BAS-Hourly


SII is also moving according to plan. I’m short the Sep 25 strike puts. I see no reason to adjust this position at this point.

Semiconductors

ENER
There is a chance I will be put ENER at 12.50 but I’m fine with that. ENER had a really big move on very high volume back on the 8th. It is currently battling the declining 50 day SMA so I need to be concerned with that. If put the stock I will likely look to immediately sell 13 or 14 strike calls on it.

ENER Hourly

ENER Hourly


JASO
The JASO and ENER charts look pretty similar. JASO was more of a gamble as I sold these puts well in the money to begin with (Sep 5 puts). Selling short ITM puts can be a very profitable strategy but you have to be very careful. I did this successfully with JASO back on June 24th and bought them back on August 11th.

There was a lot of volume on that recent push to 4 and I’m hoping this is some consolidation. If it can’t get back above 4.10 before expiration I’m getting out or rolling them to October.

JASO-Hourly

JASO-Hourly

Metals and Minerals

RTI I’m short the Sep 17.50 puts. This is moving nicely. Higher highs and higher lows, no adjustments necessary.

RTI-Hourly

RTI-Hourly

Medical Instruments and Supplies

BEAT was a ridiculous trade and I am little embarrassed to even have it on here. I’m embarrassed because the reasons I entered the trade completely go against my rules. However, it is moving in my favor and it looks to have absorbed the 50 day SMA. High volume on recent rallies might suggest accumulation.

BEAT-Hourly

BEAT-Hourly

ETF

UNG
I am short some UNG 14 strike calls that should expire well OTM. UNG continues to rip, but I’m still staying away until that 50 day SMA flattens out. I will look to sell Oct 14 calls after expiration.

UNG-Hourly

UNG-Hourly

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