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: SliderOnTheBlack who wrote (31234)	10/29/1998 2:24:00 AM
From: upanddown	Read Replies (1) of 95453

Slider HLX does look very undervalued. If you think HLX is going to be well north of $10 by March, why not sell the Mar 10 puts for maybe 2.50 and use the proceeds to buy a bunch of Mar 10 calls at 1 1/16 ? Less capital risk and a decent shot at a quadruple or better. I like buying calls and selling puts on the low-priced OS stocks where the downside on the stock seems limited by decent fundamentals. I mean is VTS going much below 10 or ESV to 5 or HLX below 6 ? Seems unlikely given the quality of the companies. My VTS Feb 12 1/2 and VRC Mar 7 1/2 have already tripled. In any retracement, I'am going to be looking more to the option side at least 4 months out. The call premiums look reasonable and the put premiums are sweet. JMHO. John

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