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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: davep who wrote (14157)3/9/1998 10:40:00 AM
From: SJS  Read Replies (2) of 95453
 
MDCO...

Shrewd and quick investors this morning could have locked in tremendous premium values on the March 20 calls with a buy/write as the stock dropped to 20 5/16 and the calls only dropped to about 1 1/2, 1 5/8. That's alot of vig, folks. It has since stabilized since the stock has since recovered much of that drop, as there is still quite a bit of interest in it. Pretty good volume so far, too. Trading this stock used is now not for the faint of heart....

I tried to get some, but wanted it under 20.
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