To: pezz who wrote (40838 ) 11/5/2003 12:08:03 PM From: TobagoJack Respond to of 74559 Hello Pezz, Another Report:I shorted two dollops of Agnico Eagle Mines (AEM) December Put strike 12.5 at 2.00/shr uk.finance.yahoo.com , even though the shares are currently trading at USD 10.78/shr, leaving preciously few nickels for time premium on a gold company. I am of course betting that AEM is worth more than 12.5, augmenting this trade that is still in place: Message 19228192 <<August 21st, 2003 … (a) Shorted AEM Feb strike 15 covered calls @ USD 1.30/shr (b) Shorted AEM Feb strike 12.5 puts @ USD 0.80/shr>> ... which in turn piles on top of these other trades: Message 18253310 <<November 19th, 2002 … Purchased …(c) few dollops of Agnico Eagle Mines (AEM) at 11.93, and … … Shorted (d) load of AEM May Put 12.5 and (e) bunch of AEM May Call 12.5.>> Message 18732391 <<March 21st, 2003 … (a) Bought a dollop of Agnico Eagle Mine (AEM) @ 11.70/shr (b) Short AEM Aug Call 12.5 @1.20 covered (c) Short AEM Aug Put 12.5 @ 1.95>> Message 18949830 <<May 15th, 2003 … (A) Expiration of this trade Message 18253310 November 19th, 2002 (c) few dollops of Agnico Eagle Mines (AEM) at 11.93, and (d) load of AEM May Put 12.5 and (e) bunch of AEM May Call 12.5, thus pocketing the USD 2.91/shr combined premium, USD 0.02 dividend, and be putted a load of AEM at 12.5, now priced by market at USD 10.65>> Message 19221008 <<August 18th, 2003 … 1/3rd of my US-traded Agnico Eagle Mines got called away at USD 12.5/shr while the current market price is USD 13.34>> If my math is correct, I believe my cost basis for AEM in the galley is USD 7.09/shr, and the latest short put trade, if it works out, should further improve my cost basis to USD 5.09/shr ;0) Chugs, Jay P.S. BTW, did I forget to mention that volatility is a friend and crisis is a partner :0) One of AEM's mine is flooded or something.