painful reminder

Well some quick math done on my August 24th covered call writing idea with DML and TLM resulted in some numbers..

Break even on TLM and -25% on DML ... before commission. I can't guess all market melt downs?

In light of recent events i have thought or pondered covered calls on some beatin down oils. Buying Mastercard or Ingersoll-Rand has crossed my mind too.

If i wanted to bet on too cheap maybe Cott corp or Abitibi? Buy highly leveraged banks or the two just mentioned cause they both have the same risk reward profile.

DH