Replies to post #69047 on Option Millionaires

[junewong]

Sure no problem..I am short some Jan 17.50 puts on ANR and some WLT Jan 55 puts..think the coal issues are a good value at this level..ANR, WLT, BTO, CLF, PCX..the premiums on the puts are very high..I feel that selling cash secured puts is a great play..if I get assigned I sell the calls at least 5 points higher then my price..one other thing to consider is this industry is consolidating and a take over is not out of the question..pricing on met coal is rising at the present..

love to get some feed back

Best June