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Re: MRothaus post# 22833

Monday, 09/19/2005 3:38:10 PM

Monday, September 19, 2005 3:38:10 PM

Post# of 173790
MRothaus. Options are currently 12% of portfolio. I have spread them out amongst 7 different securities and have multiple maturities/prices on top of that so not worried about diversification at this point. I have not set a top end for total percentage of my portfolio.

If TGA hadn't jumped this morning, I was going to sell 1/4 of that and move that money into options. That would have boosted my options to 17% of my portfolio. Probably on the high end of where I want to be.

The leverage is very tempting, especially since my position on energy has been basically correct so far. However I recognize the volatility and lack of the security of the underlying stock. Bobwins

Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE

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