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

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To: a.handbag. who wrote (141500)10/31/2010 2:15:19 AM
From: upanddown  Read Replies (1) of 206146
 
I see it as a slow weekend.

One thing that ticked me off Friday was not jumping on HAL early in the day. When the stock was sliding towards $30, you could get $1.90 for the Dec 28 puts. By the time I looked later in the day, HAL was recovering fast and the 28s were below a dollar.

That was a chance to take advantage of an overreaction and increased volatility in the puts.

That investigating commission is not done yet. Concerns about HAL liability for Macondo could easily be replaced with the same thing for RIG when they report again. I may try to take better advantage of that if it happens.
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