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: Big Dog who wrote (64249)	4/11/2000 2:02:00 PM
From: Umunhum	Read Replies (2) of 95453

Big - OT OXY trade Message 13024047 since then I wrote a few more puts and used the money to buy 17.5 calls. My position in OXY now: Short 40 Jan OXY put strike 25 Long 100 Jan OXY call strike 20 Long 55 Jan OXY call strike 17.5 The puts paid for the calls. Worst case scenario I will own 4000 shares of OXY come Jan at $25. If OXY closes at $30+, which I expect, I make $168,750+. It would be a nice down payment on my retirement home in Florida. I have done this with a few stocks, RIG, KMG, GBLX.

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