Friday, September 5, 2008

Sept 5 thoughts on a down day

Analyze

.... Covered calls ....

LCC, US AIRWAYS SEPT 7.50 ;
HANS , HANSEN NATURAL OCT 25 ;
AIG, OCT 21
TIE, Oct 12.5

.... Calls ....
Jan 2009 -- BA , the 65 Call , symbol BAAM position looks good. Once the strike issue gets resolved, & the tanker contract comes thru, it will be worth it.

.... Bull Put Spread ....
ICE - Sept Short 80 & Long on 75 for a 9-10% return
SPX - Sept Short 1190 & Long 1185 for a credit of .85 for 5 dollar margin (17% rtn)

.... Condor using 2 spreads ...
RUT , September -- Bear Call leg of Sell 750/ Buy 760 credit = .95 ; Bull Put leg of Sell 670/ Buy 660 for credit of 1.15 ; net credit of 2.1 for a margin of 2

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