Originally Posted by
candleman
I've been looking at that stategy too. I'm playing it both ways though. I'm not selling my core, that's for sure. I know that as soon as I let it go, the SP will rise...LOL
So, this is my plan. I am very bullish on the company. I am buying and have bought several hundred call options for March at $1.00. I don't plan on holding them and excersising them. I intend for them to rise to 20 cents a contract during CC runups and selling them for a 100% profit. At the same time, I will buy puts to protect my core shares. I just don't know what price for the puts yet.
SRK, I still think that there is a good chance for the stock to take a big run in the very near future. I don't know about anything over 1.50, but there is a lot of profit to be had between now and then.
Chuck