Both ends against the middle...

….the “middle’ being defined as SWKS stock….aka making volatility my friend.

Being primarily a dividend growth investor interested in yields higher than SWKS pays, the fact that both TMF Pro and Saul’s and his board were excited about this stock caused me to dip my tough in the “high growth” water….and here is what has happened since:

Specifics:
1/11/16: Bought 50% position in SWKS on at $70.84

1/13/16: Sold to open SWKS Feb 16 60.00 Puts for $2.85 on this 50%
position

1/20/16: Bought another 50% SWKS position at $61.44

2/19/15: Bought to close the SWKS Feb 16 60.00 Puts for $.15

4/1/16: Sold to open SWKS Nov 16 90.00 Calls for $5.10 on entire
position

4/19/16: Sold to open Nov 16 60.00 puts on for 3.80 on entire position

Stay tuned for results. :wink:

Cheers!
Murph
Home Fool

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4/19/16: Sold to open Nov 16 60.00 puts on for 3.80 on entire position

SWKS

Isn’t this a new position since it has nothing to do with the current long shares you hold and could result in shares being put to you if held to expiration?

Thanks
JT

Yes indeed, JT…and I’d be happy to add to my SWKS at a net $56.20/share…while probably collecting all of the $5.10/share on the previously sold $90 calls. :wink:

Cheers!
Murph
Home Fool

lol…“tough” = “toe”

Murph

I should have also mentioned the tools/criteria I used for the SWKS options positions were these:

http://dollarfor40cents.com/find/writtenput
http://dollarfor40cents.com/find/coveredcall

Cheers!
Murph
Home Fool

…and an update from the last post:

5/6/16: Bought to close SWKS Nov 16 90.00 calls for $.75

6/1/16: Sold to Open SWKS Aug 16 70.00 calls for $3.40

6/26/16 Bought to close SWKS Aug 16 70.00 calls for $.55

The only SWKS positions I have as we speak are the original stock positions and the Nov 60.00 puts.

Total option premiums/share to date on all closed positions: $9.90

Option premium on Nov 60.00 Puts: $3.80.

Weighted average original cost of SWKS stock position: $66.14

Current SWKS price as I type: $61.81.

Cheers!
Murph
Home Fool
(ready to write more puts, should the opportunity present itself)

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