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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Slife who wrote (17848)	6/17/2009 9:31:57 PM
From: SliderOnTheBlack	2 Recommendations Read Replies (1) \| Respond to of 50226

Slife re: SLW options... Everyone's circumstances differ, and I don't know yours so I can only speak in general terms. With the volatility we've had, calls aren't cheap and I usually wait for a little deeper retracement than this to add calls. When I do add calls "early," I usually try to buy some time with LEAPs. Currently SLW does not have any 2010 Calls, or 2011 LEAPs trading. So, I'd hold off on the calls. If you're looking for a stronger entry here than just selling puts, I'd just buy shares and use tight stops. Selling a Dec' 09 $7.50 Put looks like a good risk/reward trade here. Not a huge premium, but a solid risk:reward entry. Good luck, SOTB