Quick update from earlier post on 9-20 where I mentioned at 30,000 RIG Oct 14 calls were bought for $.14 when the stock was at $12.35. With oil prices surging, RIG is up 2 points ( $14.25 as I type this) in 8 days, and the calls are now trading for $.69 cents, an almost 5 fold gain in the same period. The power of option leverage vs. owning the cash stock itself!