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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: t4texas who wrote (43305)	5/2/2005 6:33:13 PM
From: kodiak_bull	Read Replies (1) \| Respond to of 206342

t4texas, Well, let's look at your proposition. 1 PTEN equity. Long 1,000 shares of PTEN at the open, $23.93, commission of $9.95, total capital at risk: $23,939.95 Closing value at $25.10: $25,100.00 Net gain: $1160.05 Percentage gain: 4.85% 2. KWK options. Long 20 KWK May 55 calls at 0.95, commissions of $25.90, total capital at risk: $1925.90 Closing value at $1.85: $3700.00 Net gain: $1774.10 Percentage gain: 92% I think the KWK play was the best play for me today, net gain is better, and percentage gain is much better. I wish I had gotten filled on my PTEN Jun 25 calls at $1.15. They are currently $1.45 and that would have been a respectable 26% gain today, with more on offer for tomorrow. Kb

To: t4texas who wrote (43305)	5/4/2005 10:37:56 AM
From: kodiak_bull	Read Replies (2) \| Respond to of 206342

Update. I sold my KWK calls a minute ago for $1.65. Let's review the benchmark transaction (PTEN) and my vehicle (KWK): 1. PTEN equity. Long 1,000 shares of PTEN at the open, $23.93, commission of $9.95, total capital at risk: $23,939.95 Closing value at $25.13: $25,130.00 Net gain: $1190.05 Percentage gain: 5% Current capital at risk: $25,130.00 (all) Cash: 00.00 2. KWK options. Long 20 KWK May 55 calls at 0.95, commissions of $25.90, total capital at risk: $1925.90 Closing value at $1.65: $3300.00 Net gain: $1348.10 Percentage gain: 70% Current capital at risk: 00.00 Cash: $3274.00 [Note, I will be looking for an entry point to buy KWK puts later on. I closed all energy call positions this morning after amateur hour finished. Most of my focus is not on energy, though, but on recent transactions in TKLC FNM IBM reported on DB's thread.] Kb