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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Herm who wrote (7400)5/4/1998 6:34:00 PM
From: mc  Read Replies (3) of 14162
 
Herm, just wondering if you looked anymore at some of the oil service sector stocks we talked about a few weeks ago. I added another positon last week in that sector and have cc'ed it already.

Currently I'm long SESI, TMAR, and now MDCO. All of them are playing out pretty well, although it looks like I might be called out of TMAR. Might be just as well, it has the lowest P/E of the bunch, but, the debt levels are a bit high; especially if Greenspan is going to be pulling that interest rate trigger anytime soon.

On MDCO, I got in at 24.5 and sold the Jun-25 for 2 points. That's a pretty nice return on margin for a month and a half of work. I think it may even hang around the 24-25 range for a bit and I'll get to keep it.

Hope everyone out there is doing well and good luck to all,
Gary

P.S. Anyone heard from Volunteer lately? Haven't seen him on the thread in months.
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