ITM Put WM Jul 2008 6.0000 put (WMSE)is a different story therefore, choosing the right strike is an art :-) <img src=http://www.fotothing.com/photos/us/37550.gif> <img src=http://bigcharts.marketwatch.com/charts/big.chart?symb=WM%3DSE&compidx=aaaaa%3A0&ma=0&maval=9&uf=8&lf=1&lf2=256&lf3=4&type=2&size=2&state=10&sid=1412970&style=320&time=4&freq=1&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=7643&mocktick=1><img src=http://bigcharts.marketwatch.com/charts/big.chart?symb=WM&compidx=aaaaa%3A0&ma=0&maval=9&uf=8&lf=1&lf2=256&lf3=4&type=2&size=2&state=10&sid=5337&style=320&time=4&freq=1&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=1105&mocktick=1> <!--Beg_Sig--> <a href=http://investorshub.advfn.com/boards/board.asp?board_id=5176><img src=http://www.fotothing.com/photos/us/32621.jpg></a> My posting is for my own entertainment, do your own DD before pushing your buy/call button