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Author: Rena76 Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 9  
Subject: confused, need help! Date: 4/5/2010 9:50 AM
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I hold GDX since 2007 purchase price $52.00

Wrote covered calls several times, which expired with profit.

Now hold April $48 call.

What to do?

Buy back at a loss or

"sell to open" April $48 Put at $2.13 (ITM)

I can't figure out what the consequence of ITM put could be.

Hope some body reads this dead blog.

Please help!
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