FEEL FREE TO PRINT THIS WEEKDAY REPORT


"An Approach to Successful Stock Trading Combining Company
  Fundamentals with Chart Technicals"

Comments or Questions (TSM Service, Methodology, Performance or Your Success Stories)  Go Here - (rmiller@triplescreenmethod.com)


Writing Naked Puts Strategy 

Special Reports:

"A Strategy for Greater Returns. Part I: The Naked Put"
(Revisit this report as I follow the Portfolio's progression;
Note, I'll suggest candidates for this this portfolio weekly - Fresh material 02/09/09)

"A Strategy for Greater Returns. Part II: The Deep In-the-Money Covered Call"
(01/25/09)

The deep in-the-money Naked Put strategy we'll concentrate on here is designed to generate income in an economic environment where a decent return is hard to come by.  The in-the- money Covered Call strategy is then utilized to rid ourselves of any stock put to us.  There are three characteristics that we want to achieve from these naked Put plays: (1) at least a 18% annual return, (2) at least 10% downside protection, and (3) if we're writing a naked Put, a chance to buy the underlying at least at a 10% discount. 

The following plot shows the relationship between days in the trade and initial % downside protection for the 244 short put trades.  There were 214 winners (in green) and 29 losers (in white), and the size of the balloon indicates the size of the premium captured.

Over these last 4 years, this approach has generated a 88.1% win rate with a 19% annualized rate of return for each trade.

Notice how nearly all these losses could be avoided if these trades were limited to 27 days or less to expiration and its downside protection above the regression line:

    % Downside Protection = 7.83% + 0.21% x (# of Days to Expiration)



Notice too, how the profit situation improves when the stop-loss strategy is changed as follows: when a losing position puts shares to me, an immediate sell trade is entered at the losing Put's strike price and held there till the next month's expiration where either the shares had been sold earlier for a profit or at the second expiration closed at a loss.  This simple strategy reduced the 29 losses to 3 and increased the gains to $159,260.

The real key here is to deal only in quality stocks, i.e., those that have institutional support, i.e., a safety net for our trades.



Find Explanation for "Repair Strategy" here. Find an Excel program that will allow you to analyze various option positions here.

HISTORICAL SHORT PUT TRADES (08/04/10 - 02/23/14)
      Wins Losses $ Avg(# Days) Avg Profit ($) Avg Invest ($) % return Annualized % Return          
    214 29 $105,506 13.04 $432 $63,843 0.68% 18.96%          
  Portfolio Growth Symbol Profit/Loss Strike Premium Invested Written Closed Days Downside Price Expiration Initial Loss Repair Strategy Days to Expiration
1 $400 CMI 400 72.5 $600 $71,900 08/04/10 08/10/10 7 0.105388 80.37 08/20/10     17
2 $480 WYNN 80 85 $1,040 $83,960 08/05/10 08/11/10 7 0.070931 90.37 08/20/10     16
3 $1,010 NFLX 530 105 $670 $104,330 08/09/10 08/11/10 3 0.103925 116.43 08/20/10     12
4 $1,310 LVS 300 115 $500 $114,500 08/16/10 08/23/10 8 -2.98538 28.73 09/17/10     33
5 $2,740 NFLX 1430 115 $3,500 $111,500 08/18/10 08/23/10 6 0.127338 127.77 09/17/10     31
6 $3,290 MED 550 25 $750 $24,250 08/19/10 09/02/10 15 0.13578 28.06 09/17/10     30
7 $3,990 WYNN 700 75 $830 $74,170 08/30/10 09/03/10 5 0.104768 82.85 09/17/10     19
8 $4,640 CMI 650 75 $950 $74,050 09/02/10 09/03/10 2 0.078407 80.35 09/17/10     16
9 $5,200 WYNN 560 85 $680 $84,320 09/09/10 09/14/10 6 0.060187 89.72 09/17/10     9
10 $6,260 RIMM 1060 42.5 $1,060 $41,440 09/13/10 09/17/10 5 0.063079 44.23 09/17/10     5
11 $6,560 VECO 300 30 $700 $29,300 09/14/10 09/23/10 10 0.191055 36.22 10/15/10     32
12 $7,370 FFIV 810 90 $1,460 $88,540 09/17/10 09/23/10 7 0.118917 100.49 10/15/10     29
13 $8,120 DECK 750 45 $1,050 $43,950 09/20/10 09/29/10 10 0.110324 49.4 10/15/10     26
14 $8,740 HOT 620 50 $800 $49,200 09/29/10 10/05/10 7 0.056748 52.16 10/15/10     17
15 $9,290 CMI 550 85 $850 $84,150 09/29/10 10/06/10 8 0.083733 91.84 10/15/10     17
16 $10,050 BIDU 760 90 $1,060 $88,940 10/04/10 10/06/10 3 0.07614 96.27 10/15/10     12
17 $11,050 FCX 1000 85 $1,400 $83,600 10/20/10 10/21/10 2 0.124699 95.51 11/19/10     31
18 $12,320 BIDU 1270 85 $1,500 $83,500 10/20/10 10/22/10 3 0.170145 100.62 11/19/10     31
19 $13,520 CMI 1200 85 $1,350 $83,650 10/22/10 11/05/10 15 0.107733 93.75 11/19/10     29
20 $14,870 OPEN 1350 55 $1,500 $53,500 10/26/10 11/03/10 9 0.136121 61.93 11/19/10     25
21 $15,900 FCX 1030 85 $1,030 $83,970 10/27/10 11/19/10 24 0.110864 94.44 11/19/10     24
22 $16,450 ANN 550 23 $550 $22,450 11/05/10 11/19/10 15 0.081424 24.44 11/19/10     15
23 $17,350 LVS 900 30 $800 $29,200 11/08/10 12/06/10 29 0.446025 52.71 12/17/10     40
24 $17,950 PAY 600 $30.0 $800 $29,200 40491 40513 23 0.165237 34.98 12/17/10     39
25 $18,800 CSTR 850 $55.0 $1,500 $53,500 40497 40504 8 0.106397 59.87 12/17/10     33
26 $20,340 FCX 1540 $90.0 $1,920 $88,080 40501 40513 13 0.110393 99.01 12/17/10     29
27 $21,590 FFIV 1250 $115.0 $1,650 $113,350 40504 40513 10 0.109514 127.29 12/17/10     26
28 $20,150 TTM -1440 $32.0 $1,100 $30,900 40506 40513 8 0.134454 35.7 12/17/10 -1440   24
29 $20,650 OVTI 500 $27.0 $650 $26,350 40506 40513 8 0.147249 30.9 12/17/10     24
30 $21,900 BIDU 1250 $99.0 $1,550 $97,450 40508 40527 20 0.097936 108.03 12/17/10     22
31 $22,750 CSTR 850 $60.0 $850 $59,150 40515 40529 15 0.075781 64 12/17/10     15
32 $24,020 JOYG 1270 $75.0 $1,270 $73,730 40520 40529 10 0.049626 77.58 12/17/10     10
33 $24,890 LVS 870 $40.0 $1,070 $38,930 40522 40546 25 0.154431 46.04 01/21/11     43
34 $21,590 VECO -3300 $44.0 $1,200 $42,800 40525 40526 2 0.150794 50.4 01/21/11 -3300   40
35 $21,990 OVTI 400 $26.0 $550 $25,450 40528 40555 28 0.115705 28.78 01/21/11     37
36 $23,360 BIDU 1370 $67.0 $1,590 $65,410 40528 40548 21 0.339293 99 01/21/11     37
37 $24,160 VECO 800 $40.0 $950 $39,050 40532 40553 22 0.095437 43.17 01/21/11     33
38 $24,560 CSTR 400 $55.0 $950 $54,050 40532 40555 24 0.107939 60.59 01/21/11     33
39 $26,210 FFIV 1650 $125.0 $2,100 $122,900 40546 40555 10 0.098313 136.3 01/21/11     19
40 $27,010 APKT 800 $52.5 $900 $51,600 40547 40561 15 0.107884 57.84 01/21/11     18
41 $27,510 FFIV 500 $125.0 $1,850 $123,150 40548 40549 2 0.096014 136.23 01/21/11     17
42 $28,090 LVS 580 $45.0 $710 $44,290 40549 40561 13 0.071294 47.69 01/21/11     16
43 $28,640 AAPL 550 $75.0 $850 $74,150 40553 40556 4 0.070453 79.77 01/21/11     12
44 $28,859 AAPL 219 $325.0 $759 $96,741 40554 40561 8 0.052951 342.37 01/21/11     11
45 $29,359 FNSR 500 $28.0 $650 $27,350 40555 40575 21 0.171212 33 02/18/11     38
46 $29,959 CYMI 600 $45.0 $1,100 $43,900 40561 40575 15 0.098192 48.68 02/18/11     32
47 $30,459 CRUS 500 $17.0 $600 $16,400 40562 40570 9 0.103825 18.3 02/18/11     31
48 $31,119 BIDU 660 $95.0 $1,460 $93,540 40564 40574 11 0.114372 105.62 02/18/11     29
49 $31,419 OVTI 300 $24.0 $550 $23,450 40567 40571 5 0.110395 26.36 02/18/11     26
50 $30,219 TEN -1200 $40.0 $700 $39,300 40569 40576 8 0.099863 43.66 02/18/11 -1200   24
51 $31,189 WYNN 970 $110.0 $1,510 $108,490 40574 40582 9 0.073843 117.14 02/18/11     19
52 $31,979 APA 790 $110.0 $930 $109,070 40575 40588 14 0.086592 119.41 02/18/11     18
53 $32,629 FOSL 650 $65.0 $700 $64,300 40576 40585 10 0.112369 72.44 02/18/11     17
54 $33,429 JOYG 800 $85.0 $1,050 $83,950 40577 40582 6 0.062011 89.5 02/18/11     16
55 $33,829 CMI 400 $105.0 $550 $104,450 40581 40588 8 0.064068 111.6 02/18/11     12
56 $34,149 BHP 320 $90.0 $590 $89,410 40581 40588 8 0.061115 95.23 02/18/11     12
57 $34,499 ACOM 350 $35.0 $500 $34,500 40582 40588 7 0.070832 37.13 02/18/11     11
58 $35,039 DE 540 $90.0 $570 $89,430 40584 40590 7 0.051644 94.3 02/18/11     9
59 $35,259 WYNN 220 $120.0 $330 $119,670 40588 40591 4 0.060896 127.43 02/18/11     5
60 $34,309 CRUS -950 $23.0 $700 $22,300 40589 40597 9 0.099717 24.77 03/18/11 -950   32
61 $33,239 LVS -1070 $44.0 $810 $43,190 40589 40603 15 0.103011 48.15 03/18/11 -1070   32
62 $31,589 NFLX -1650 $220.0 $1,200 $218,800 40590 40597 8 0.100957 243.37 03/18/11 -1650   31
63 $31,939 JOYG 350 $90.0 $1,490 $88,510 40591 40596 6 0.098125 98.14 03/18/11     30
64 $31,489 RDWR -450 $36.0 $550 $35,450 40592 40609 18 0.110414 39.85 03/18/11 -450   29
65 $32,089 EXXI 600 $30.0 $600 $29,400 40592 40620 29 0.118441 33.35 03/18/11     29
66 $33,229 LO 1140 $72.5 $1,140 $71,360 40596 40620 25 0.10408 79.65 03/18/11     25
67 $33,529 DECK 300 $80.0 $1,150 $78,850 40602 40618 17 0.104893 88.09 03/18/11     19
68 $32,849 WYNN -680 $120.0 $720 $119,280 40610 40618 9 0.068271 128.02 03/18/11 -680   11
69 $33,449 OVTI 600 $26.0 $700 $25,300 40616 40626 11 0.171035 30.52 04/15/11     33
70 $34,769 CLF 1320 $80.0 $1,590 $78,410 40620 40627 8 0.126351 89.75 04/15/11     29
71 $35,219 JKS 450 $21.0 $550 $20,450 40623 40630 8 0.182 25 04/15/11     26
72 $35,869 GPOR 650 $30.0 $900 $29,100 40624 40630 7 0.098234 32.27 04/15/11     25
73 $36,619 BSFT 750 $40.0 $1,100 $38,900 40626 40634 9 0.134786 44.96 04/15/11     23
74 $37,509 CLF 890 $90.0 $1,170 $88,830 40631 40637 7 0.077762 96.32 04/15/11     18
75 $37,939 HAL 430 $47.0 $680 $46,320 40632 40637 6 0.054887 49.01 04/15/11     17
76 $38,349 OVTI 410 $31.0 $600 $30,400 40637 40648 12 0.086813 33.29 04/15/11     12
77 $36,299 CLF -2050 $95.0 $580 $94,420 40638 40645 8 0.068836 101.4 05/20/11 -2050   46
78 $37,439 GMCR 1140 $55.0 $1,160 $53,840 40647 40662 16 0.180767 65.72 05/20/11     37
79 $38,464 BIDU 1025 $130.0 $1,130 $63,870 40648 40654 7 0.116663 145.89 05/20/11     36
80 $39,614 WTW 1150 $65.0 $1,350 $63,650 40652 40662 11 0.159736 75.75 05/20/11     32
81 $40,064 SPRD 450 $17.5 $550 $16,950 40652 40662 11 0.205717 21.34 05/20/11     32
82 $40,764 JKS 700 $21.0 $800 $20,200 40653 40662 10 0.157982 23.99 05/20/11     31
83 $41,164 RAX 400 $40.0 $800 $39,200 40658 40676 19 0.124414 44.77 05/20/11     26
84 $41,464 PAY 300 $47.0 $600 $46,400 40661 40669 9 0.129619 53.31 05/20/11     23
85 $42,114 BSFT 650 $40.0 $1,050 $38,950 40662 40669 8 0.143391 45.47 05/20/11     22
86 $40,514 PPO -1600 $65.0 $650 $64,350 40668 40676 9 0.025738 66.05 05/20/11 -1600   16
87 $41,364 GMCR 850 $72.5 $850 $71,650 40672 40683 12 0.06827 76.9 05/20/11     12
88 $41,974 OXY 610 $97.5 $610 $96,890 40674 40683 10 0.063412 103.45 05/20/11     10
89 $40,174 LULU -1800 $85.0 $1,600 $83,400 40681 40697 17 0.14811 97.9 06/17/11 -1800   31
90 $41,064 GMCR 890 $70.0 $890 $69,110 40686 40704 19 0.11872 78.42 06/17/11     26
91 $42,064 SODA 1000 $50.0 $1,500 $48,500 40687 40695 9 0.117379 54.95 06/17/11     25
92 $41,264 MW -800 $31.0 $600 $30,400 40687 40697 11 0.083509 33.17 06/17/11 -800   25
93 $40,864 WTW -400 $77.5 $1,100 $76,400 40688 40696 9 0.085249 83.52 06/17/11 -400   24
94 $41,804 WYNN 940 $135.0 $1,530 $133,470 40689 40695 7 0.07486 144.27 06/17/11     23
95 $42,204 SODA 400 $55.0 $900 $54,100 40701 40702 2 0.083362 59.02 06/17/11     11
96 $43,264 LO 1060 $95.0 $1,410 $93,590 40714 40721 8 0.161455 111.61 07/15/11     26
97 $44,264 GMCR 1000 $75.0 $1,100 $73,900 40715 40725 11 0.106841 82.74 07/15/11     25
98 $44,964 PPO 700 $55.0 $0 $55,000 40715 40723 9 0.112187 61.95 07/15/11     25
99 $45,814 SPRD 850 $9.0 $900 $8,100 40716 40725 10 0.38914 13.26 07/15/11     24
100 $46,864 BIDU 1050 $120.0 $1,420 $118,580 40721 40724 4 0.101871 132.03 07/15/11     19
101 $45,454 IPGP -1410 $70.0 $1,000 $69,000 40725 40739 15 0.079386 74.95 07/15/11 -1410   15
102 $45,954 DDS 500 $50.0 $550 $49,450 40725 40731 7 0.065041 52.89 07/15/11     15
103 $46,504 CMI 550 $100.0 $550 $99,450 40729 40739 11 0.060818 105.89 07/15/11     11
104 $46,954 V 450 $82.5 $490 $82,010 40730 40737 8 0.070498 88.23 07/15/11     10
105 $46,704 ZAGG -250 $12.5 $850 $11,650 40742 40760 19 0.257962 15.7 08/19/11 -250   33
106 $44,954 CSTR -1750 $50.0 $1,000 $49,000 40742 40753 12 0.150633 57.69 08/19/11 -1750   33
107 $41,904 SOHU -3050 $70.0 $1,250 $68,750 40743 40760 18 0.17328 83.16 08/19/11 -3050   32
108 $36,454 PPO -5450 $60.0 $950 $59,050 40745 40760 16 0.161579 70.43 08/19/11 -5450   30
109 $37,304 LULU 850 $38.8 $850 $37,900 40780 40795 16 0.242303 50.02 09/16/11     23
110 $38,544 GMCR 1240 $90.0 $1,240 $88,760 40787 40795 9 0.150378 104.47 09/16/11     16
111 $39,314 BIDU 770 $120.0 $770 $119,230 40793 40802 10 0.164119 142.64 09/16/11     10
112 $39,964 DECK 650 $90.0 $650 $89,350 40799 40802 4 0.066158 95.68 09/16/11     4
113 $40,634 MA 670 $315.0 $670 $314,330 40800 40802 3 0.057538 333.52 09/16/11     3
114 $41,764 GMCR 1130 $80.0 $1,580 $78,420 40801 40830 30 0.257808 105.66 10/21/11     37
115 $40,214 CROX -1550 $23.0 $500 $22,500 40802 40816 15 0.201845 28.19 10/21/11 -1550   36
116 $41,164 UA 950 $62.5 $1,100 $61,400 40805 40823 19 0.209171 77.64 10/21/11     33
117 $36,414 COG -4750 $62.5 $1,150 $61,350 40806 40809 4 0.168699 73.8 10/21/11 -4750   32
118 $37,264 DECK 850 $85.0 $850 $84,150 40822 40830 9 0.168889 101.25 10/21/11     16
119 $38,764 TPX 1500 $55.0 $1,500 $53,500 40827 40830 4 0.104303 59.73 10/21/11     11
120 $36,619 GMCR -2145 $45.0 $610 $44,390 40835 40857 23 0.462265 82.55 11/18/11 -2145   31
121 $37,519 BIDU 900 $85.0 $950 $84,050 40837 40837 1 0.308742 121.59 11/18/11     29
122 $38,369 DECK 850 $85.0 $1,000 $84,000 40840 40844 5 0.216199 107.17 11/18/11     26
123 $38,969 SPRD 600 $22.0 $650 $21,350 40843 40851 9 0.140499 24.84 11/18/11     23
124 $39,569 HANS 600 $70.0 $650 $69,350 40850 40855 6 0.215498 88.4 11/18/11     16
125 $40,069 NOV 500 $60.0 $500 $59,500 40851 40858 8 0.162208 71.02 11/18/11     15
126 $40,569 COG 500 $72.5 $500 $72,000 40854 40865 12 0.135965 83.33 11/18/11     12
127 $41,069 HAL 500 $30.0 $550 $29,450 40856 40882 27 0.20982 37.27 12/16/11     38
128 $41,629 LVS 560 $37.0 $620 $36,380 40858 40877 20 0.195311 45.21 12/16/11     36
129 $42,129 LULU 500 $40.0 $600 $39,400 40861 40882 22 0.272257 54.14 12/16/11     33
130 $43,069 BIDU 940 $105.0 $1,020 $103,980 40875 40883 9 0.173516 125.81 12/16/11     19
131 $44,629 LO 1560 $97.5 $1,700 $95,800 40877 40886 10 0.133581 110.57 12/16/11     17
132 $45,229 HANS 600 $85.0 $700 $84,300 40879 40886 8 0.101567 93.83 12/16/11     15
133 $44,279 PII -950 $57.5 $550 $56,950 40882 40885 4 0.079968 61.9 12/16/11 -950   12
134 $43,229 CAT -1050 $87.5 $550 $86,950 40884 40891 8 0.080478 94.56 12/16/11 -1050   10
135 $44,389 FFIV 1160 $85.0 $1,260 $83,740 40896 40919 24 0.19643 104.21 01/18/12     31
136 $44,989 VRX 600 $42.0 $650 $41,350 40911 40921 11 0.14336 48.27 01/18/12     16
137 $45,599 LULU 610 $48.8 $660 $48,090 40917 40919 3 0.003729 48.27 01/18/12     10
138 $46,199 QCOR 600 $30.0 $750 $29,250 40920 40921 2 0.153891 34.57 01/18/12     7
139 $47,349 WTW 1150 $57.5 $1,150 $56,350 40931 40956 26 0.195689 70.06 02/17/12     26
140 $47,999 VPHM 650 $25.0 $650 $24,350 40931 40956 26 0.161501 29.04 02/17/12     26
141 $49,549 EQIX 1550 $105.0 $1,550 $103,450 40933 40956 24 0.11498 116.89 02/17/12     24
142 $50,099 RAX 550 $37.0 $550 $36,450 40938 40956 19 0.14677 42.72 02/17/12     19
143 $51,299 CLR 1200 $65.0 $1,250 $63,750 40951 40962 12 0.172078 77 03/16/12     34
144 $51,749 NOG 450 $18.0 $550 $17,450 40954 40968 15 0.26773 23.83 03/16/12     31
145 $52,459 ESRX 710 $47.5 $710 $46,790 40963 40984 22 0.106208 52.35 03/16/12     22
146 $53,109 URI 650 $37.0 $650 $36,350 40989 41019 31 0.141271 42.33 04/20/12     31
147 $55,029 FFIV 1920 $120.0 $1,920 $118,080 40994 41019 26 0.115704 133.53 04/20/12     26
148 $55,529 QCOR 500 $34.0 $700 $33,300 41001 41009 9 0.110577 37.44 04/20/12     19
149 $54,519 STX -1010 $26.0 $630 $25,370 41002 41005 4 0.08741 27.8 04/20/12 -1010   18
150 $55,119 CLR 600 $80.0 $800 $79,200 41003 41012 10 0.068783 85.05 04/20/12     17
151 $54,019 WDC -1100 $39.0 $930 $38,070 41018 41026 9 0.102757 42.43 05/18/12 -1100   30
152 $54,489 LVS 470 $41.0 $620 $40,380 41039 41066 28 0.138652 46.88 06/15/12     37
153 $55,189 HLF 700 $37.5 $700 $36,800 41039 41047 9 0.208091 46.47 05/18/12     9
154 $55,739 KORS 550 $33.0 $600 $32,400 41054 41074 21 0.214355 41.24 06/15/12     22
155 $56,219 LULU 480 $62.5 $830 $61,670 41058 41071 14 0.17021 74.32 06/15/12     18
156 $56,669 STX 450 $20.0 $500 $19,500 41072 41096 25 0.190871 24.1 07/20/12     39
157 $57,269 CRUS 600 $24.0 $750 $23,250 41072 41095 24 0.180183 28.36 07/20/12     39
158 $57,869 KORS 600 $37.0 $750 $36,250 41079 41096 18 0.123125 41.34 07/20/12     32
159 $58,669 MNST 800 $62.5 $800 $61,700 41089 41110 22 0.138749 71.64 07/20/12     22
160 $59,119 CALL 450 $15.0 $600 $14,400 41106 41115 10 0.30131 20.61 08/17/12     33
161 $59,719 QCOR 600 $35.0 $1,200 $33,800 41108 41115 8 0.220659 43.37 08/17/12     31
162 $60,469 KORS 750 $35.0 $750 $34,250 41116 41138 23 0.182968 41.92 08/17/12     23
163 $61,069 VRX 600 $40.0 $650 $39,350 41120 41130 11 0.194143 48.83 08/17/12     19
164 $61,669 MNST 600 $55.0 $800 $54,200 41129 41130 2 0.203761 68.07 08/17/12     10
165 $62,269 QCOR 600 $30.0 $650 $29,350 41134 41156 23 0.235677 38.4 09/21/12     40
166 $63,369 NUS 1100 $35.0 $1,150 $33,850 41136 41164 29 0.207631 42.72 09/21/12     38
167 $64,169 CRUS 800 $38.0 $800 $37,200 41145 41173 29 0.112172 41.9 09/21/12     29
168 $64,709 BBBY 540 $60.0 $540 $59,460 41156 41173 18 0.104518 66.4 09/21/12     18
169 $64,309 IPGP -400 $60.0 $600 $59,400 41163 41172 10 0.066625 63.64 09/21/12 -400   11
170 $64,959 CRUS 650 $34.0 $650 $33,350 41177 41201 25 0.143334 38.93 10/19/12     25
171 $65,459 SCSS 500 $30.0 $700 $29,300 41191 41200 10 0.102878 32.66 10/19/12     11
172 $63,809 MELI -1650 $77.5 $1,200 $76,300 41199 41221 23 0.16803 91.71 11/16/12 -1650   31
173 $64,409 CRUS 600 $32.0 $850 $31,150 41201 41215 15 0.192377 38.57 11/16/12     29
174 $65,239 LULU 830 $62.5 $870 $61,630 41240 41255 16 0.145807 72.15 12/21/12     25
175 $65,889 DDD 650 $40.0 $750 $39,250 41247 41255 9 0.103881 43.8 12/21/12     18
176 $66,439 DDD 550 $45.0 $600 $44,400 41267 41277 11 0.150239 52.25 01/18/13     26
177 $66,939 KORS 500 $46.0 $550 $45,450 41276 41290 15 0.114898 51.35 01/18/13     17
178 $67,739 NUS 800 $35.0 $850 $34,150 41277 41288 12 0.113678 38.53 01/18/13     16
179 $68,569 LULU 830 $67.5 $1,030 $66,470 41288 41290 3 0.074105 71.79 01/18/13     5
180 $69,069 GMCR 500 $28.0 $590 $27,410 41289 41298 10 0.300408 39.18 02/15/13     32
181 $69,769 KORS 700 $45.0 $750 $44,250 41290 41318 29 0.169794 53.3 02/15/13     31
182 $70,619 EXPE 850 $55.0 $900 $54,100 41297 41311 15 0.13523 62.56 02/15/13     24
183 $71,799 GMCR 1180 $37.0 $1,230 $35,770 41299 41313 15 0.205993 45.05 02/15/13     22
184 $72,099 TRIP 300 $41.0 $600 $40,400 41303 41318 16 0.120592 45.94 02/15/13     18
185 $73,239 LNKD 1140 $110.0 $1,150 $108,850 41306 41313 8 0.123167 124.14 02/15/13     15
186 $73,759 ANF 520 $47.5 $520 $46,980 41310 41313 4 0.078643 50.99 02/15/13     11
187 $74,259 FRAN 500 $22.5 $600 $21,900 41324 41339 16 0.188288 26.98 03/15/13     25
188 $75,029 ANF 770 $45.0 $1,080 $43,920 41325 41339 15 0.154409 51.94 03/15/13     24
189 $75,679 KORS 650 $55.0 $650 $54,350 41327 41348 22 0.086401 59.49 03/15/13     22
190 $76,229 NSM 550 $35.0 $650 $34,350 41330 41339 10 0.098898 38.12 03/15/13     19
191 $76,779 GMCR 550 $49.0 $550 $48,450 $41,341 $41,348 800.00% 0.06141 51.62 03/15/13     8
192 $77,179 HLF $400 $32.0 $550 $31,450 03/21/13 4/15/2013 26 15.80% $37.35 04/19/13     30
193 $77,869 EBAY $690 $50.0 $760 $49,240 03/22/13 4/15/2013 25 7.27% $53.10 04/19/13     29
194 $78,499 GMCR $630 $50.0 $710 $49,290 03/25/13 4/5/2013 12 11.43% $55.65 04/19/13     26
195 $78,919 SNDK $420 $50.0 $600 $49,400 03/28/13 4/17/2013 21 9.77% $54.75 04/19/13     23
196 $79,399 NFLX $480 $150.0 $550 $149,450 04/11/13 4/15/2013 5 12.18% $170.18 04/19/13     9
197 $75,199 IBM ($4,200) $200.0 $800 $199,200 04/12/13 4/19/2013 8 5.38% $210.52 04/19/13 -4200   8
198 $75,839 GMCR $640 $40.0 $640 $39,360 04/18/13 5/17/2013 30 28.71% $55.21 05/17/13     30
199 $76,389 TPX $550 $41.0 $550 $40,450 04/26/13 5/17/2013 22 16.92% $48.69 05/17/13     22
200 $76,819 NFLX $430 $190.0 $430 $189,570 05/06/13 5/17/2013 12 10.60% $212.05 05/17/13     12
201 $76,819 EXP $0 $67.5 $500 $67,000 05/13/13 5/17/2013 5 6.48% $71.64 05/17/13     5
202 $77,519 VRX $700 $80.0 $700 $79,300 06/07/13 6/21/2013 15 7.47% $85.70 06/21/13     15
203 $78,319 SODA $800 $67.5 $800 $66,700 06/10/13 6/21/2013 12 7.73% $72.29 06/21/13     12
204 $78,769 MYGN $450 $30.0 $500 $29,500 06/12/13 6/13/2013 2 12.95% $33.89 06/21/13     10
205 $79,439 YRCW $670 $25.0 $670 $24,330 07/01/13 7/19/2013 19 28.21% $33.89 07/19/13     19
206 $80,769 NFLX $1,330 $200.0 $1,380 $198,620 07/05/13 7/11/2013 7 10.21% $221.21 07/19/13     15
207 $81,319 SNDK $550 $55.0 $560 $54,440 07/08/13 7/18/2013 11 9.55% $60.19 07/19/13     12
208 $81,829 HLF $510 $46.0 $560 $45,440 07/09/13 7/15/2013 7 6.52% $48.61 07/19/13     11
209 $79,530 SHW ($2,299) $170.0 $700 $169,300 07/15/13 7/18/2013 4 8.72% $185.48 07/19/13 -2299   5
210 $80,380 WHR $850 $115.0 $850 $114,150 07/15/13 7/19/2013 5 7.79% $123.80 07/19/13     5
211 $81,080 KORS $700 $62.5 $750 $61,750 08/02/13 8/9/2013 8 10.22% $68.78 08/16/13     15
212 $81,630 QCOR $550 $57.5 $550 $56,950 08/05/13 8/16/2013 12 14.05% $66.26 08/16/13     12
213 $82,150 CREE $520 $62.5 $590 $61,910 08/08/13 8/13/2013 6 14.31% $72.25 08/16/13     9
214 $82,650 NQ $500 $15.0 $550 $14,450 08/28/13 9/12/2013 16 13.89% $16.78 09/20/13     24
215 $84,100 EOG $1,450 $150.0 $1,500 $148,500 08/30/13 9/16/2013 18 5.54% $157.21 09/20/13     22
216 $84,750 KORS $650 $70.0 $750 $69,250 08/30/13 9/17/2013 19 6.15% $73.79 09/20/13     22
217 $85,440 GMCR $690 $75.0 $740 $74,260 09/03/13 9/16/2013 14 14.20% $86.55 09/20/13     18
218 $86,240 BIIB $800 $210.0 $900 $209,100 09/10/13 9/17/2013 8 7.83% $226.86 09/20/13     11
219 $86,940 HLF $700 $55.0 $860 $54,140 09/23/13 9/27/2013 5 21.07% $68.59 10/18/13     26
220 $87,340 CZR $400 $17.5 $450 $17,050 09/24/13 ######## 23 26.73% $23.27 10/18/13     25
221 $87,740 NQ $400 $18.0 $450 $17,550 09/25/13 ######## 21 26.35% $23.83 10/18/13     24
222 $88,390 QCOR $650 $44.0 $650 $43,350 09/25/13 ######## 24 24.04% $57.07 10/18/13     24
223 $88,850 HLF $460 $45.0 $510 $44,490 10/21/13 ######## 22 31.53% $64.98 11/15/13     26
224 $89,240 UBNT $390 $28.0 $450 $27,550 10/22/13 11/8/2013 18 30.55% $39.67 11/15/13     25
225 $90,540 SFUN $1,300 $45.0 $1,350 $43,650 10/23/13 ######## 20 18.47% $53.54 11/15/13     24
226 $90,640 INVN $100 $16.0 $450 $15,550 10/24/13 11/4/2013 12 18.80% $19.15 11/15/13     23
227 $91,190 QIHU $550 $65.0 $600 $64,400 10/29/13 ######## 14 21.61% $82.15 11/15/13     18
228 $91,740 SFUN $550 $55.0 $600 $54,400 11/27/13 ######## 21 16.35% $65.03 12/20/13     24
229 $92,356 NFLX $616 $330.0 $636 $98,364 11/29/13 ######## 19 9.92% $365.63 12/20/13     22
230 $93,006 HLF $650 $62.5 $670 $61,830 12/12/13 ######## 6 10.55% $69.12 12/20/13     9
231 $93,806 QCOR $800 $40.0 $850 $39,150 12/23/13 1/15/2014 24 27.00% $53.63 01/17/14     26
232 $94,406 SFUN $600 $70.0 $650 $69,350 12/24/13 1/7/2014 15 16.87% $83.42 01/17/14     25
233 $95,206 YY $800 $45.0 $850 $44,150 12/26/13 1/7/2014 13 11.38% $49.82 01/17/14     23
234 $96,046 HLF $840 $67.5 $840 $66,660 12/26/13 1/17/2014 23 15.14% $78.55 01/17/14     23
235 $96,946 GMCR $900 $70.0 $950 $69,050 12/27/13 1/9/2014 14 9.04% $75.91 01/17/14     22
236 $97,446 QIHU $500 $72.5 $550 $71,950 12/31/13 1/15/2014 16 12.54% $82.27 01/17/14     18
237 $99,546 DECK $2,100 $81.0 $600 $80,400 01/13/14 2/10/2014 29 7.48% $86.90 01/17/14 ($5,380) x 5
238 $100,196 QIHU $650 $72.5 $700 $71,800 01/21/14 2/8/2014 19 22.97% $93.21 02/21/14     32
239 $100,646 YY $450 $45.0 $500 $44,500 01/27/14 2/11/2014 16 20.01% $55.63 02/21/14     26
240 $101,446 KORS $800 $70.0 $850 $69,150 01/28/14 2/4/2014 8 15.69% $82.02 02/21/14     25
241 $102,126 SFUN $680 $70.0 $730 $69,270 01/29/14 2/19/2014 22 15.83% $82.30 02/21/14     24
242 $103,386 GMCR $1,260 $67.5 $1,280 $66,220 01/30/14 2/6/2014 8 14.71% $77.64 02/21/14     23
243 $104,286 VRX $900 $120.0 $950 $119,050 02/03/14 2/20/2014 18 11.91% $135.14 02/21/14     19
244 $105,506 TSLA $1,220 $150.0 $1,230 $148,770 02/10/14 2/20/2014 11 22.88% $192.90 02/21/14     12
245                              

 

Interesting Article on Naked Puts (02/25/09)

A reader (Barbara N.) sent me an interesting article today, one that addresses a strategy designed to reduce the risk of a Naked Put strategy.  Essentially, one writes a Put for half the position desired, then if shares are put, one writes both a Call (covered by the shares acquired through the Put) and another Put for the second half of the position.  If one ends up with a full position, the basis will be substantially reduced by the two Puts' and one Call's premium.  Read the article for further details.