Panda

Looks Like It's Time to Buy Oil

Mmarrkk -
Where does one look to find deals like that on a regular basis?
It's the smartest thing I have ever seen in a comment.
Do you have a screen for that? Some web service?
Happy holidays, and I hope to hear from you.


On Dec 11 10:32 AM Mmarrkk wrote:

> Like selling EOG Apr 09 $40 Puts for $2.50? Stock at $75 currently.
> If the world fell apart, you would be forced to buy EOG at $40, minus
> the proceeds of the put for an effective price of $37.50, a drop
> of 50% from its current price and a drop of 74% from its 52-week
> high of $145. If the world doesn't fall apart and EOG stays above
> $40, you make $250 per contract.
>
> Did similar with CHK Apr 09 $7.50 Puts for $1.25. If forced, you'd
> have a buy-in price of $6.25 for CHK.