eLROY,

I was hoping for a response to my inquiry.I am

off the boards for two weeks of fishing and some poker playing.Just sell the friggin July 5.00

puts for a buck or better.Don't hedge.Yes you will lose if we collapse to zero..don't sell hundreds,how about 50? If we are below 5 in July

you can sell some of the deferred 5 calls.If you must you can short some stock,but I would be careful about that.This is not rocket science.I have said this before.The problem with many traders is they want to make

money with no risk.Forget,theta,beta.Use some common sense.And I repeat selling Feb 7.50 and

buying the April is a big mistake.Just sell the Jull 5.00 and take the buck.