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

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To: Debt Free who wrote (147655)3/18/2011 11:28:44 AM
From: CommanderCricket2 Recommendations  Read Replies (2) of 206334
 
Doug,

Actually I'm about done writing IOC puts with the exception of a few May $70's next week. For the next sell off, I'll start selling Sep puts.

The game now at the top of channel is to slowly start writing calls. In no hurry as I think IOC is going a lot higher in the 60 - 90 days.

The ideal situation is to short strangle the stock and we're getting close to adding the upper legs.

Michael
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