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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: CommanderCricket who wrote (165751)3/19/2012 12:25:00 PM
From: Salt'n'Peppa1 Recommendation  Read Replies (1) of 206184
 
Michael,

There is no proof yet that T2 is a monster well. Therefore the stock is not moving on T2.
I expect fireworks this week or next (with beaucoup short covering!) which is why I am not covering my 40 Apr50 put-writes even though they dropped over 50% this morning. With 30 days to expiry on the steepest part of the decline curve, now is not the time to cover IMHO.

Same goes for my Jun35 and Jun40s.
S&P
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