Replies to post #12176 on Option Millionaires

[inflationista]

am holding my GNW pending the completion of the Grapevine, TX meetings re: revised reserve req'ts and potential TARP mitigation -

[uranium-pinto-beans]

futures up nicely this morning

[jimmybob]

TXN looks like a nice play. Dont follow the others as much. Make some Green!

[maksim]

Bought CBI Jan 9 12.5's for $1
Bought CY Jan 9 5's for $.30

May write against half my UYG calls at Dec 7 strike if i can get $1 or so of premium.

For others, if you want buy write idea... FWLT, HNP, and FLW have pretty expensive options. FLW in particular has 10% premium for $50's i believe for 10 days.

[maksim]

Just an update...

Sold my net cost, just under half of CBI Jan 09 12.50's for $2.70 today, holding the other half of holdings still. Cost basis $1.09 with all fees. So this position is more than a double overnight. Chart still strong on this one. Will let the gains go with the stock, worst case, I am in the money on it. Will hold a tight watch.

Still holding CY Jan 09 5's. Stock up, chart looks good still.