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WRITING TRADED OPTIONS for income

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harvester - Wed, 21 Dec 05 :

mayj: noted; when I read it the timing seemed good.

ALP: you did better than me with that one;
My trade: STO 5X Sep 460P @ +22.5 . My earlier limit order
to sell @ +24 did not execute, so had to accept less
as the LLOY price moved against me(up) .
Also sold 5X LLOY Mar 460P @ +11.5 .

I am waiting for UU. to drop to sell some puts but it
has fallen less than the divi.( ex-div today ).
I recently sold 700 calls thinking they might give
a higher premium before ex-divi since the sp often rallies
more than the divi beforehand . Of course, divi is mostly priced in
in option prices .


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