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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: waverider who wrote (11059)	4/24/2002 4:52:43 PM
From: kirby49	Respond to of 36161

wr: Great discussion on the leaps, options. Been thinking of this as well and Kit's take on cheaper short terms and Ro.'s 3 month rotation help. This discussion is focusing on calls, not puts I consider the juniors to be unending options<GG>. As such I have held the same nine positions since last June, opening them after trading from Apr 2 to Mid May banking 30%. I don't really want to sell them as they aren't market movers like Russ' positions, so when a breakout of size happens, as Slider keeps on insisting will happen, do I want to sell and trade them then. It may depend on the size of the event, and I will certainly let them swing 25 to 30%, but I've been thinking of buying NEM & AEM puts. The cheap six months out, roll them in three (or sooner) will work as a hedge to the downside after a blowout. It will be after that blowout, or (I hope) quietly ranging up to 340 which will give us the volume and liquidity for trading. Just another perspective. Regards Bob