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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Winkman777 who wrote (11218)	12/20/2001 1:51:13 PM
From: Winkman777	Respond to of 23153

New CPN bonds are also putable, but in 3 years. It seems that they have learned a lesson aero.

To: Winkman777 who wrote (11218)	12/20/2001 1:54:53 PM
From: aerosappy	Read Replies (1) \| Respond to of 23153

Winkman re: calls (NBR, BHI, etc.) <<Almost all of my remaining drillers will probably sell Friday when calls are exercised>> What about rolling the calls over to January? You postpone the tax liability to '02, and should be able to collect 2% to 4% of the strike price in the spread. Example: I have written 75 CPN December 12.5's. If I roll them to January, I should net about $.50 to $.65 per contract on the spread. Or on the NBR December 32.5's, I can get about $1.35 per spread contract. In any case, good luck. ............................................ P.S. -- Thanks, Kb. You are a good "Call Contract Professor"