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

To: Debt Free who wrote (162528)1/18/2012 12:57:51 PM
From: CommanderCricket  Read Replies (2) | Respond to of 206154
 
Doug,

I do watch the overall market but mostly the individual stocks. Looking at the Oct lows and selling puts around those levels.

ANR has reasonable good support at $15 - $16 and am comfortable taking the trade there.

Sold ANR Mar 16 Puts for $0.77

I hope your Jan 65 calls go in the money. Take the cash and rewrite next week.

Michael



To: Debt Free who wrote (162528)1/18/2012 5:02:17 PM
From: Salt'n'Peppa  Read Replies (1) | Respond to of 206154
 
"...I am holding off because of my overall concern that this rally is due for a correction or at least a pause of some sort."

Quite right Doug. I am concerned too.
This should be our first clue as to near future market direction.

S&P Closes Above 1,300 for the First Time Since July

The risk-on trade appears to be back, but why?
S&P


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