Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: rllee who wrote (142626)	12/14/2010 12:56:42 PM
From: Jacob Snyder	Respond to of 206334

BP's volume and volatility have declined, since June, to pre-spill levels. It's a large-cap well-researched and well-followed company, so surprises are unlikely. The transaction costs are likely to eat up potential profits. IMO, for BP, options at this point probably aren't any more useful than the stock itself. Buying LEAP calls in June would have been a good idea, if you were smart enough to pick the bottom. Too late now. Pick a more interesting (and riskier) stock for an option play. disclosure: I've had a lot of (mostly successful) experience (not with energy stocks), with LT calls (bullish bet), and using options for protection.