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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: JungleInvestor who wrote (44457)5/10/1999 10:57:00 PM
From: upanddown  Read Replies (2) of 95453
 
JI

Shows you there are more ways than long stock to profit in a uptrending sector. I sold some June 10's for 4 bucks earlier this year when FLC was a little over 6. Five weeks to expiration....just stay in double digits. I like selling puts on beaten-down, low-priced issues. Kind of limits your loss when break-even is 6.<ggg> I've hit five straight puts in this sector with 4 more currently out of the money. Adds up.

Best,
John
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