Well Puts » MMR 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 November 2009 Options Expiration http://www.wellputs.com/2009/11/november-2009-options-expiration/ http://www.wellputs.com/2009/11/november-2009-options-expiration/#comments Sun, 22 Nov 2009 17:21:57 +0000 Paul http://www.wellputs.com/?p=379 Related Posts December 2009 Options Expiration, October 2009 Options Expiration, January 2010 Options Expiration]]> November 2009 Options Expiration summary.

I made a few trade adjustments earlier this month and rolled CENX and GMXR forward and down:

I also closed out of some short options positions early to lock in a profit and eliminate any risk of assignment.

DryShips, Inc. (DRYS) – The DRYS November 6.00 puts I wrote at the end of September expired OTM. This is a 7 week return of 7.38%. *

DRYS is forming a wedge on the hourly chart – like just about every other chart I’m seeing right now. I might take another opportunity to sell more puts this coming week. Probably the January 5 strike. I should probably write some covered calls on the small position I’m holding too. I was hoping for a breakout much like DSX but it hasn’t formulated yet.

DRYS Hourly

DRYS Hourly

My current cash position is at about 60%.

* 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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December 2009 Options Expiration, October 2009 Options Expiration, January 2010 Options Expiration]]> http://www.wellputs.com/2009/11/november-2009-options-expiration/feed/ 0 Closed MMR November Puts http://www.wellputs.com/2009/11/closed-mmr-november-puts/ http://www.wellputs.com/2009/11/closed-mmr-november-puts/#comments Tue, 17 Nov 2009 22:02:29 +0000 Paul http://www.wellputs.com/?p=357 Related Posts Closed UYG Covered Calls, November 2009 Options Expiration, Buy to Close BEAT Sep 7.50 Puts]]> I closed the MMR November puts I wrote back in October. This is a 5 week return of 3.80%. *

MMR Hourly

MMR 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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Closed UYG Covered Calls, November 2009 Options Expiration, Buy to Close BEAT Sep 7.50 Puts]]> http://www.wellputs.com/2009/11/closed-mmr-november-puts/feed/ 0 Sell to Open MMR November 7.50 Puts http://www.wellputs.com/2009/10/sell-to-open-mmr-november-7-50-puts/ http://www.wellputs.com/2009/10/sell-to-open-mmr-november-7-50-puts/#comments Fri, 09 Oct 2009 15:46:15 +0000 Paul http://www.wellputs.com/?p=283 Related Posts Sell to Open GMXR November 15 Puts, Sell to Open CENX November 10 Puts, Sell to Open DRYS November 6.00 Puts]]> I sold to open MMR (McMoRan Exploration Co) November 7.50 puts. Price moved back above the 50 day SMA yesterday on higher volume. Lots of support in the $7.40 area on the daily chart too.

I actually had an order in yesterday after the breakout but it didn’t get filled. I tried again today on a low-volume pullback and caught a bid.

MMR Hourly

MMR Hourly

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Sell to Open GMXR November 15 Puts, Sell to Open CENX November 10 Puts, Sell to Open DRYS November 6.00 Puts]]> http://www.wellputs.com/2009/10/sell-to-open-mmr-november-7-50-puts/feed/ 0