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Strategies & Market Trends : Value Investing

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To: Archie Meeties who wrote (10117)3/4/2000 6:18:00 PM
From: Allen Furlan  Read Replies (1) of 78628
 
Arch, very interesting observation on cycle for oil stocks. I am rather risk adverse so generally take positions with covered calls. TEXP April calls were priced too high at beginning of January so I was able to net out at 3 3/16 on the covered call write. From your observation on timing I will do some research on oil stocks with good value and with July or August calls. My preference has always been for low priced stocks because the mathematics of annualized yield favor such positions. For example if TEXP gets above 5 by April, I will have an annualized yield of of 170%. If you have any suggestions in this area I would appreciate hearing them.
As to silver I have been holding a non performing covered call position on cde for about 6 months now(2001 leap).
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