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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: ItsAllCyclical who wrote (57564)12/29/1999 7:21:00 PM
From: Robert T. Quasius  Read Replies (1) of 95453
 
Selling in-the-money puts is also bullish. I am betting that XTO will be more than $10 in May, or I will buy the stock for $10 if it is less than $10. Of course, if the options expire worthless, I pocket nearly $200 per contract. If exercised, I have picked up XTO at a basis of $8-1/8 ($10 less the option price of $1-15/16).

I have found from experience that the sellers of options usually come out ahead. Most options expire worthless.
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