Oh dear mr mouse. Obviously we have never heard of option writing. I didnt say anywhere that I was long. What I said was "sold to open calls" which means I shorted the calls, ie sold calls to some bank faithful sucker in the hope they expire worthless. When they do expire worthless, I get to keep the money. Beats buying puts and watching time decay eat your profits eh? Time decay is on my side. Whats more, NAB needs to be at least $36.01 on may 30 for me to lose a cent.
