What if inciderr is right? What to do?

[jft310]

So I took my advice and sold a bit of common and have been a buyer of a bit of May in the money calls this AM, Example with a strike of $60 in May and you pay $14.50 if IOC is above $74.50 by May option expiration after the May CC one would make money. Controls some of the downside with considertable upside with a deal . Seems like good risk reward. My last call buy was when IOC was $57 and we bought the March $50 at $9.50 and sold them at $26. Odds of an IOC deal with Oil Search even talking about it seem quite high. Break even below $75 thats a good deal I think. I will trade these calls before expiration whatever happens. Do your own DD as always.