SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : High Tolerance Plasticity

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Winkman777 who wrote (11218)12/20/2001 1:54:53 PM
From: aerosappy  Read Replies (1) of 23153
 
Winkman re: calls (NBR, BHI, etc.)

<<Almost all of my remaining drillers will probably sell Friday when calls are exercised>>

What about rolling the calls over to January? You postpone the tax liability to '02, and should be able to collect 2% to 4% of the strike price in the spread.

Example: I have written 75 CPN December 12.5's. If I roll them to January, I should net about $.50 to $.65 per contract on the spread. Or on the NBR December 32.5's, I can get about $1.35 per spread contract.

In any case, good luck.
............................................
P.S. -- Thanks, Kb. You are a good "Call Contract Professor"
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext