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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Ed Ajootian who wrote (188357)1/26/2015 6:21:31 PM
From: Bearcatbob3 Recommendations

Recommended By
CommanderCricket
roguedolphin
Salt'n'Peppa

   of 206325
 
"BTW I've been meaning to ask you, being the option guy, what you think about doing covered calls at this point for the more conservative investors. For CHK I can buy the stock for $20 right now and sell a $20 July call for about 2 bucks and get about a 10% return assuming the stock price stays where it is, not a bad return for a 6 month investment. I believe that while most of the material carnage on the oil price is over, we are going to have a "U"-shaped recovery, not "V". This view seems to fit well with a covered call strategy for options about 6 months out."

Why would you do a July 20 call for $2+ when you can do a Feb 20 for $1+. The objective is to play the game month month after month. Play it again Sam?

Bob
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