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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (9618)	5/8/2006 11:50:48 PM
From: Taikun	Read Replies (1) \| Respond to of 25575

TJ, Seems to be going swimmingly at this point. While market risk does cut into returns, perhaps 1-4% of an oil sands portfolio could be put into out of the money SU puts to hedge market risk, for if SU goes down there is either a market correction or a fire <vbg>. I have some. SU seems to have corrected to the 70-day MA on the Daily (US$78.92) in the recent past stockcharts.com and the 35-day MA on the Weekly (US$68.50) stockcharts.com eg SU Jun 06 $70 Puts are $0.25, you could roll this over moving the strike up as SU appreciates finance.yahoo.com I probably wouldn't consider the PCZ, IMO Puts as they're thinly traded. SU Puts have 5-10x the liquidity. Many would consider this a waste of money. D