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

To: energyplay who wrote (141119)	10/16/2010 11:59:39 AM
From: Big Dog	Respond to of 206184

Points all noted energy....but hell, The Dog NEEDS a job. I'm sitting around being bored silly with nothing to do. big

To: energyplay who wrote (141119)	10/16/2010 1:06:38 PM
From: Bearcatbob	Read Replies (1) \| Respond to of 206184

"Are you going to sell calls as the stock rebounds ? That can be tricky..." My preferred approach to a position that went bad - assuming I believe in the company - is simply to roll the position forward - usually at a credit. So - say you are short a Nov 15 put and you do not want to get put - you can enter a spread order - buy to close and sell to open - open a position in the out months. For instance, I have been short Cameco $28 puts for a long time. I simply rolled them forward - and now - voila - Cameco is north of $28. Bob