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

To: CommanderCricket who wrote (147657)	3/18/2011 11:42:47 AM
From: miraje	Read Replies (1) \| Respond to of 206334

In no hurry as I think IOC is going a lot higher in the 60 - 90 days. IOC is reporting next Tuesday. Tough to guess which way and/or how much that could move the stock. I'm tempted to sell CC's against my common, but I'd hate to see it run and lose out.. finance.yahoo.com

To: CommanderCricket who wrote (147657)	3/18/2011 12:27:56 PM
From: katytrader	Read Replies (1) \| Respond to of 206334

re IOC puts. When stock was trading 75-71 (falling) 17-20 days ago, I wrote put strikes at 65, 67.5, and 70. With the stock rising and 29 days out for April, the put premiums for those strikes are close to the same as I got for March. On Monday I'll write the 65 and 67.5 strikes and see what Tuesday brings. The 70 strike will be more sensitive to price movement. If it breaks the channel, I'll move a bit up the ladder, if it stalls here, I'll wait for the pullback. Note: I am a lot older than CC and will take smaller premiums for less risk (most of the time..lol) katytrader