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

To: ChanceIs who wrote (138474)	7/30/2010 2:44:01 PM
From: CommanderCricket	Respond to of 206328

Chance, I'm interested in selling them but will wait and see how accepted they are in the market. Thanks for the comments. Michael

To: ChanceIs who wrote (138474)	7/30/2010 2:52:51 PM
From: CommanderCricket	Respond to of 206328

Interesting option trade with RIG. The Aug 10 weekly option for RIG For instance, you can sell the weekly RIG $45 put for $1.23. If put next week, you've got RIG for $43.77 or collect a nice 7 day premium. Wonder if selling these on Thur/Fri and covering Monday is worth the effort (collecting the weekend premium)? Something to watch.

To: ChanceIs who wrote (138474)	7/30/2010 4:19:00 PM
From: Bearcatbob	Read Replies (1) \| Respond to of 206328

OK guys - I fell for the weekly option trade. I did some GE 16 short put contracts for next Friday. I only did 20 contracts as I like to dip my toe before I swim. This has the potential to pay $.15 or approximately 1% for a week. If it goes bad - hey - I will own 2000 more shares of GE. I wonder how the roll of one week options works? Has anyone here done this game yet? Last week at the Rama Casino - this week at the Weekly Option Casino. Frankly, if the stock is something one does not mind owning near the current price I see this as an ok risk. Bob