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Strategies & Market Trends : Strictly: Drilling II
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To: SliderOnTheBlack who wrote (4499)11/27/2001 4:23:56 PM
From: ItsAllCyclical  Read Replies (1) of 36161
 
>> Too bad they don't have options in the single digits for ENE <<

They have options all the way down to $2.50 strike price for Jan 2002. I bought a few today, but limited the dollar amount to something that I could lose 50% on and not worry.

The Jan 2002 2.5's are around 2.25 I believe. I think if a deal get's done it'll be over $5. Probably in the $6-8 range in my opinion.
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