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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Salt'n'Peppa who wrote (140168)9/17/2010 10:21:18 AM
From: CommanderCricket1 Recommendation  Read Replies (1) of 206336
 
S&P,

Thanks for the kind words. Don't understand why more here aren't trading options.

As you are discovering, RIMM doesn't hasn't to go higher to make a lot of money. When the shorts go after a stock, they create higher volatility and an opportunity to harvest premium via writing puts or calls.

ATPG and IOC are other examples of short attacks creating opportunities. A wide strangle on IOC over the last year has made me far more money then the common has.

Michael
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