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dealorfx

03/23/09 3:38 PM

#266 RE: dirtdog #265

keep selling the $2.50 calls against it on the front month,


you cant go wrong then. let it get called and buy it back,
keep doing it over and over until the stock moves.

if you bought a 100 shares now at

$3.12, sell a 2.50 call for .70 cents,
your basis would be 2.42.

2.50-2.42=.08/2.42 only 3% gain not counting commisions,
but the protection is worth it. imo
a may 2.50 call would get you a 15% return if called.

look at it from all different angles.

all the best
dfx

MACH2

03/24/09 5:32 PM

#268 RE: dirtdog #265

Well if I was gonna hold it for a year....I think Iwould buy more now....?