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Strategies & Market Trends : Natural Resource Stocks
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To: ryoung8918 who wrote (43366)8/25/2006 2:23:30 PM
From: MonetizeMe  Read Replies (1) of 108680
 
Re: NG I had bought Dec 20 calls and Mar 20 calls right after the HTO announcement at .20 and .40 respectively but recently sold them at .75 and 1.25 for the same reasons that you outlined. I used the profits to buy Dec. 17.50's @ 1.50 and 1.60. I have also been adding shares of NG but I wrote Sep 17.50 calls against 1/2 my position. I don't see anything definitive by opex, but just in case, I left a lot open to the upside.
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