Wednesday, June 18, 2008

VLO & LDK Bought Back and Sold for Quick Cash

I bought Jun 45 LDK back for $13.25 and sold Jun 40 for $51.74. This results in an additional call income of $38.69 for this position for June. An increase of about 12% in the call income.

I bought Jun 52.5 VLO back for $10.25 and sold Jun 45 for $15.74. This results in an additional $5.49 for this positon for June. An increase of about 7% in the call income.

I use this technique to increase call income in the last couple of days of the call period. It is not always a positive option because of commissions.

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