ARAKIS: HIGH RISK OIL PLAY (AKSEF) Message Board

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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)

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To: oilfinder who wrote (21)	6/22/1996 8:35:00 AM
From: Richard Mazzarella	of 9164

Mike, I have Oct $7.5 (AQGJU closed $0.06875),and Oct $5 (AQGJA closed $1.375, which are in the money). The $5s are now expensive since the stock price is over $5 again, but you may want to consider $10s (AQGJB) which are still cheap. IF a deal is announced before mid October, the $10s should pay off IMO. If there is no news in the next few weeks, then the price of the others will come down. You could buy $10, then if the price comes down, roll them over to $7.5s. Good luck.

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