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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: CommanderCricket who wrote (89290)	8/15/2007 11:15:15 AM
From: ChanceIs	Read Replies (1) of 206138

>>>Covered CNQ Sep 70's calls a few minutes ago.<<< That makes good sense. I am currently short Aug $70 (buy em back for $0.10) and Sept $75s. No way we will be above $70 this Friday. I wonder about whether I should buy back the Sept $75s for $0.50. I don't think that we will be above $75 in four weeks. Delta is currently so small 0.12 that one wouldn't contemplate the possibility of buying them now to resell them later for a gain. I think I should stay put on those. Thoughts????

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