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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Bazmataz who wrote (20082)4/23/1998 7:37:00 AM
From: SJS   of 95453
 
BAZ,

I said "There are good percentage moves...." GLM wasn't one of these... I sold the GLM calls because I wanted to purposefully move some of the position into other things. I didn't do that at the 13-15% I mentioned, the premium of 3/4 is just a sweetener, I hope. At this rate, I may not even be called.....<g>!!

Because GLM has been trading in such a tight range, the volatility is down. That minimizes the call premium. I suspect that GLM will be over make and hold 26 by the third week in June, but not by much. It's a tough call. Ask yourself if this is income, or you want to give up your stock. Look at the 27.5's for income for June for probably under 1.
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