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It dipped below $80 last summer. What makes you think it won't do it again?
That's why I'm not buying calls right now....Wait for the market to settle down & level out. It was oversold last summer-- probably is oversold again.
Markets don't just settle out. This will be whipped back to $100 before can read through a few more reports. Buy for the long haul and forget this short term sell off.