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: The Perfect Hedge who wrote (13969)	3/6/1998 1:12:00 PM
From: Broken_Clock	Read Replies (1) of 95453

BB those mar 65 slb puts that were sold/bought at 1/16 are now bid 1/8. That's a quick $3,125 profit in an hour. not bad. I'll have to remember that trick. Wait till the bid/ask is 1/16 by 1/16 again and the trend is reversing. I am becoming more and more convinced that SLB and HAL are the ways to short term trade the OSX with options(if that's your thing). More liquidity and good execution. Plus, you only have to watch two things...the OSX and SLB(well, oil price too!). All the rest don't matter as much. They more or less tag along. PK

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