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 Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Bearcatbob who wrote (166548)3/30/2012 1:21:04 PM
From: CommanderCricketRead Replies (3) of 178628
 
Bob,

I took a look several weeks ago comparing "naked" versus a "covered spread" and came to the conclusion, I was better off being naked on the positions.

Even today with IOC, this sell off didn't cost anything near what a put spread would've cost when the positions were opened. That said, when a position starts to go against you, you had better be able to make a decision quickly.

Michael
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