... just got around to reading James Mound, Dan ... I like it, I LIKE IT ... those DEC Gold 425 puts I bought last week could turn out nicely ... and as Gold declines here (I hope, I hope) my limit buy orders for DEC Gold 450 calls (at much lower prices than where they now trade) will/may come into play ... and then I will sell the puts ...
... with the limited losses of options combined with the huge leverage, I am getting more comfortable doing this ... even if it did take me 5 years to learn to trade the swings both ways ...
... I own a bunch of S&P SEP puts that I added to last week also ... as they increase in value (I hope, I HOPE), I will put various levels of limit buys in for DEC S&P calls at much lower prices ...
... CLEAR AS MUD, RIGHT ... <g>
... pork-bellies next ... <v vbg>
Ken