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Gold/Mining/Energy : Oil Sands and Related Stocks
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To: Captain James T. Kirk who wrote (6178)1/28/2006 10:05:20 PM
From: Taikun  Read Replies (1) of 25575
 
$10?

Write Jan 2008 $80 Puts for US$13.30 ($1330)

If you get Putted here, $78.73, you'll pay $$66.70, $12.03 below the current price.

If you don't get Putted, and SU goes higher, you can buy back the Puts at a lower price and apply the profits to a SU position to lower your ACB.

Or, you could use the proceeds to buy Calls.

JMHO and please do your own DD!
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