Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (40496)	10/30/2003 11:12:37 AM
From: rolatzi	Read Replies (1) of 74559

I'm waiting for some 40 puts too. I am short some 37.5 November NEM puts and some GG Jan 12.5 puts. I will let them expire in their own time. I would like to get some more puts but am waiting for a pull back in shares. I have some NEM 42.5 Jan covered calls which are under water but will afford me profit when they expire. I prefer to buy them back in NEM weakness going into December but we'll see how POG and shares do. Only problem with selling options now is that the premiums have really shrunk. I might rather buy some 6 month calls on the next pull back. Ro

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