Nabors Industries(NBR) Message Board

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Gold/Mining/Energy : Nabors Industries(NBR)

NBR 51.73

-3.9%

Nov 4 3:59 PM EST

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To: FranW who wrote (93)	5/17/1998 8:42:00 PM
From: Carlson	Read Replies (1) of 174

Fran W, I have been selling naked puts on NBR on a monthly basis. I have sold both the 20 and 22 1/2 strike prices. I do this when the stock is experiencing weakness. So far this has produced good returns for me. One month I was fortunate to have the stock put to me at 22 1/2. I sold the 30 calls when the stock exhibited strength. I think in the next year that the stock will definetely break through 30 and my shares will be called away. When the stock is called away I will probably sell the 25 or 30 puts.

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