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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: The Perfect Hedge who wrote (12302)2/21/1998 2:31:00 AM
From: SJS   of 95453
 
Hey Glen,

Seems my selling on MDCO calls did OK. I got the 20's scott free, and I am waiting on hearing if they draft my stock for the 17.5's. Since the stock closed 1/4 point above the stike price, I am in the lottery. Let me ask you this: for 1/4 point, would you exercise someone, or let the thing go out as a full loss?

In any event, I will know for sure on Monday. If they call me I will net 2.375 points/share in 5 weeks on $16.25 or about 15% on that one.

All set to do it again, but may move out of the position all together and buy some techs....nice call premiums over in that patch!!
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