I don't know very much about puts and calls, I had to read the same brief on what a CDS is 5 times, I think, finally get it. I do know what sounds attractive and is and why, because I have been trained so to speak by one of my oldest friends....he gave me Amgen at the original 52 and 2-3 other tidbits, like gold at 998.00. The 4 times he has told me to go, I did and I have made a killing each time. Figure, sooner or later the magic has got to fail right? He told me yesterday that the dollar will test a new low this summer, below the July 08 and becasue its 3 years after and all of the poor monetary management piled on top of it , he says and he never says this, he said it will be 'very bad'. For him, 'doing poorly ' means Armageddon. I saw we dropped thru 70. this morning......He suggested strongly that I not cash in any gold yet and he threw a number at me that I am embarrassed to share as a new high.... may you live in interesting times.