What's your favorite play?
I like puts on the MBI, ABK, and PMI's of the world. I bought my first entry put in MBI yesterday. I plan on buying 2 more contracts monday-tuesday. I think these financials will have a brief rally into DEC 11 fed meeting before resuming the downmove.
usually nake puts or calls refers to underwriting the option. sounds like you are buying --
I like to use the volitity calculator.
Credit Spreads are my low risk base.
But I like to trade OTM options on breakout/breakdown stocks.