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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Q8 who wrote (106609)	8/5/2008 6:13:01 PM
From: Kayaker	Respond to of 206359

[[ Another way to do it is to "Sell puts to open" ]] That's what I meant when I mentioned "shorting puts". A good strategy at these levels I think. Whenever I do it, I'm always "cash covered" in case I get "put the shares". TRYING to get put the shares, or what McMillan refers to as "backing into the long" makes sense as well. [Edit: Looking again at your post, I see you're talking about covered short puts instead.] Though, at these levels, I'd rather just go long the shares, try to think long term, and try not to freak out, short term....