Yeah, this is risky, but it's only a 4 week position. I don't think there will be a whole lot of bad news in the next 4 weeks. And it's less risky than buying the stock - at least with the option, there's a margin of error. I can always short the stock to cover the option if it approaches 29. The only thing I really have to worry about is a large gap down. Please, BP - don't blow up another well, lol!

Anyway, have a good vacation!