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Message: Another job for Mr. Pirie

I just wrote some out of the money April put options on G and ABX

Interesting, I have been passing the time buying in the money calls on G. If you are about $5.00 in the money the premium drops to an acceptable level . The stock has been range bound between 39 and 54 dollars and if you are patient and time it right you can make a few dollars. I have made about 3-4,000 per month 5 of the last 7 months, however have lost over 5,000 the other two months. With politics playing such a big role in the climate as we saw last week, you can wake up and be wiped out before you even turn on the computer. I also find it annoying when there are problems with the servers and you can't log in and have to watch your money slowly vanish as you try to exit the trade. I am fairly new to the art of trading and when I feel I have a better handle on calls I might delve into puts.

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