It looks like $355K account. Am I correct, dr joe?
--- In ConservativeOptionStrategies@yahoogroups.com, CHARLES I WEBSTER III <kipwebster@...> wrote:
>
> Is your 10k+ put premium income for MAY or for JUNE 2010?????........What SIZE trading
> account produces THIS level of Monthly income ??????     Tks for your reply...KipYou're never old, unless
> you think you are; but it
> IS later than you think!
>
>
> kipwebster@...
>
>
>
>
> ________________________________
> From: joe <gass20@...>
> To: ConservativeOptionStrategies@yahoogroups.com
> Sent: Wed, May 26, 2010 1:26:39 PM
> Subject: [ConservativeOptionStrategies] Re: may expiration
>
> Â
> update, for month
>
> 58 august iwm put....3000
> 99 june spy put..2150
> 71 aug cc 2.05 or 2246
> 68 aug cc 2.23 or 1420
> 59 aug put 3.25 or 1935
> total 10,451
>
> drjoe
>
> --- In ConservativeOptionStrategies@yahoogroups.com, "joe & leigh" <gass20@> wrote:
> >
> > this week,
> >
> > i sold the 58 august iwm put for $3, 10 contracts
> > i sold the 99 june spy put for $2.15, 10 contracts
> >
> > i had the iwm puts: may 65 (6 contracts), 68 (7 contracts) and the 71 (7 contracts)
> >
> > i will be assigned on the 68 and the 71.
> >
> > i will sell august covered calls on each at cost basis strikes of 68 and 71, current premiums of 3.4 for the august 68 and 2.16 for the august 71.
> >
> > i will also sell the august 59 iwm put at 3.19 (6 contracts) approx 10% otm.
> >
> > so for the month i will have collected approximately 10,900 in premiums meeting my income goal with no position having a strike below cost basis in spite of a significant drop in the underlying issues.
> >
> > drjoe...i will update when trades made on monday morning...
> >
>
Hey, thanks for the information. your posts are informative and useful. I am regularly following your posts.
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