Strictly: Drilling and oil-field services Message Board

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

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To: LARRY LARSON who wrote (50070)	8/30/1999 1:37:00 PM
From: SliderOnTheBlack	Read Replies (2) of 95453

30% return in 120 days , or own a ''doubler'' if not.... Sell Dec 17 1/2 puts on FLC - premium $6 per last trade. Upside - make 30%+ in 120 days by retaining the premium if FLC is trading over $17 1/2 at expiration, or have Mr. Market twist your arm and make you own FLC for $11.50 in late december / $17.50 - $6.00 premium received = $11.50 cost. .... just in case anyone was bored & looking for a nice play. ... PS sorry folks; had Espresso for breakfast; going to go run the dog around the block a few times to calm down...(VBG).

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