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

To: Bearcatbob who wrote (150264)	4/28/2011 2:07:41 PM
From: Fiscally Conservative	Respond to of 206183

Sounds complicated :) Hard to say which way this will break right about now. Ultimately,I suspect the S&P has more legs left in her that should carry her further along this ruse before the music stops.

To: Bearcatbob who wrote (150264)	4/28/2011 2:11:45 PM
From: Debt Free	Respond to of 206183

Bob and others as I am interested in understanding more on these type of trades, I am wondering if you by any chance look at their weeklies? looks like the credit would have been around $0.10 - $0.15 depending on the series that you picked. Why did you choose June instead of something nearer term? TIA Doug

To: Bearcatbob who wrote (150264)	4/28/2011 2:19:14 PM
From: Bearcatbob	Respond to of 206183

Thanks for the question. I checked - actually I did the Mays - getting senile. However, as for picking the month I look at what my monthly exposure is on puts. If I start to see a monthly risk beyond what I am comfortable with I spread positions into out months. I have been doing that more and more. As for the SLV weeklies - I am just starting weeklies. I have done them with F, RIMM and XOM. I need to swim around that game a bit more before I get "too wet". This whole bear call spread game is new to me as well so I am dabbling. I did not do a big position. Bob