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: Ken Foster who wrote (17573)	4/1/1998 9:47:00 PM
From: waverider	Read Replies (1) of 95453

Options question. Long term I am, but I love those option plays for those one night stands. Anyway here is my thinking: FGII May calls / break even price 20 / 31.75 22.5 / 31.87 25 / 32.25 30 / 33.75 I sold my 22.5 calls yesterday for all the same reasons everyone else screwed up yesterday. I'm thinking of buying 25's tomorrow...but then I say to myself, self why do that when you can buy the 20's at almost what the stock itself is selling for (meaning less of a premium)? I've been studying all this option stuff for some time. Any perspective on this situation? Also the May 40 CDG calls are going for around $6 and the May 45's are going for around $3. Seems like the 45's have better appreciation potential. Anyone out there with a clear head who can help me with this? BTW, I'm getting ready to pick up some ESV and balancing it off with RIG. What a time we've had lately.

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