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.

Strategies & Market Trends : Calls and Puts for Income -- Ignore unavailable to you. Want to Upgrade?

To: Robohogs who wrote (5165)	6/18/2012 3:42:52 PM
From: Robohogs	Respond to of 5891

I was premature on breakout as just top of recent range. My chart was messed up. I have 100,000 shares exposure here all way OTM. jon

To: Robohogs who wrote (5165)	6/19/2012 7:46:22 AM
From: CommanderCricket	Read Replies (1) \| Respond to of 5891

Jon, I've tried to get my head around LCC and have a mental block of thinking anything positive about an airline. Understand writing put leaps and collecting the IV but concerned about how quickly LCC could sell off in the event of a AMR merger or rapidly rising crude prices again. The shares have been strong and think a pull back is possible. In fact, I've been waiting to short UAL calls again but the share price isn't high enough yet. May sell a small LCC put position and watch it to get a feel for how they trade. Appreciate the comments and input. I like your comment about the financials. Been looking at WFC as they seem to be one of the better managed banks. Michael