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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Bazmataz who wrote (20082)4/22/1998 11:07:00 PM
From: drsvelte  Read Replies (2) of 95453
 
Baz:

...With a premium of 3/4 and stock price at 24 3/16, I don't get 13 or 15%....

I didn't check the premies so I assume these are right. If you don't get called, your gain is about 3% till expiry. On an annualized basis this is about 36%. Double that if on margin. If MDCO takes off, you still get the return, but lose the opportunity profit.

CC writing is not spectacular, but steady.
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