Thanks for that analysis rembrant.
By the way I have noticed a phenominal decay on the 1150 calls I bought. Paid 21c when NCP was 1114 about 9 days ago, yet when NCP came back up to that level last week the calls were only worth 13c. Hmmm.....
To those who dont understand what I have done, its basicly a free trade on NCP. I have been a tad hesitant to do complex strategies so far but now feel I have option writing under control.