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Archive for November 3rd, 2011

Posted by Martin November 03, 2011

WYNN weekly puts for income

Another trade I would like to take is some income producing trade. I will sell weekly options against my long puts. Currently I hold 1 WYNN Dec 17 2011 130 Puts and I will sell 1 WYNN Nov 11 2011 (weekly)125 Put @ limit credit 1.35 per contract. Basically this trade will be adjusted into Continue reading →

Posted by Martin November 03, 2011

Potash Corp (POT) diagonal Spread

Another trade I am planning to take is a long term diagonal spread on Potash Corporation (POT). The stock recently (on multi-year chart) had run to a multiyear high at the beginning of 2011 and then it corrected down to around $45 a share. Potash Corporation of Saskatchewan Inc. produces and sells fertilizers and related Continue reading →