Replies to post #1470 on SandRidge Energy, Inc. (fka SDOCQ)

[Porgie Tirebiter]

Sold Aug. $7 puts for 24¢ this morning. That's takes my risk basis down to $2.45 or so. So even if SD craters and I'm forced to buy the stock at $7, I can't lose money until SD drops below that figure.

Not a way to make big money, but that's not what I'm after. Risk reduction is my goal.

[catdaddyrt]

well done PT