Allied Nevada Gold Corp ANV

RE:RE:RE:RE:RE:RE:RE:RE:question for goldguy

[goldguy007]

The problem with out of the money call options is that the vast majority of them expire worthless.
If you paid 20 cents for a call with a 1.00 strike the call would have to move to 1.20 just to break
even and you only have a few months for that to happen.

I would set aside the amount of money you want to use elsewhere and just hold a few shares of ANV.
If you want to keep all of your shares and still have $10k if the stock sells off, you would have to place a stop loss order to protect that much capital.