XCO/QC – I was just saying that I think the stock is cheap (now $1.88). You can buy the 2017 $1s for $1 and sell the $2.50s for 0.50 for net 0.50 in the $1.50 spread. In fact, let's get 100 of those for the LTP and, if they go lower, we'll probably sell some $1 puts for 0.50 to pay for it (now 0.30) but, otherwise, we're already 100% in the money so we gain penny for penny to $2.50.
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