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

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To: upanddown who wrote (142725)12/19/2010 10:45:25 AM
From: CommanderCricket1 Recommendation  Read Replies (1) of 206183
 
"Puts have been a revelation this year."

Oh ya - if I see a stock I want to hold, I will not just go out and buy it anymore. Instead I'll sell a 1 - 3 month put spread over a few weeks.

This provides up front money and a cushion if your wrong on timing. After being put a stock (it rarely happens), I follow your example and sell out of the calls.

Very little sits in the portfolios without generating their keep.

Michael
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