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

To: CommanderCricket who wrote (142216)	12/1/2010 11:57:19 AM
From: Bearcatbob	Read Replies (1) \| Respond to of 206326

CC, Selling uncovered calls to me is hugely hugely hugely risky. In my mind someone could buy ATPG at a price significantly above your short call strike. Bob

To: CommanderCricket who wrote (142216)	12/2/2010 2:53:33 PM
From: Big Dog	1 Recommendation Read Replies (1) \| Respond to of 206326

Tell me about that strangle on ATPG. Do I have to own the stock to do that? I sell the 14 Jan Put for about .95 I sell the 17.5 Jan Call for about .30. (There is no 17 from what I can see.) What happens if the stock price is 18 on expiration date? The Put is worthless. The buyer of the Call wants his stock. Soooo....I guess I have to have owned it before doing this strangle, si? Max profit is with the stock above 14 but below 17.5, right? Then both options are worthless. big