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Chesapeake Energy, Monsanto: Paying Tit for Tat

If you indeed are bullish on the mentioned stocks and want to do call options, I suggest you use a bull call spread. By doing so you will limit your loss if stock goes south. You can achieve almost the same effect with a bull put spread. Limited losses, and of course limited gains result from selling (often) the front month higher call and buying a like number of lower strike calls with the stock price somewhere (usually) in the middle of the spread. Spreads give the option trader more control of his money in the speculative kitty. Gamblers in volatile stocks with naked call positions can get skinned very quickly. See BIDU, CF, POT, ISRG. et. al.
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