Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: CrabDaddy who wrote (2428)	10/22/1997 9:16:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

Crabdaddy, you can bet your pinchers that I will be trading those FGII options. Both writing and buying, both puts and calls. I will have to see what sort of premiums show up before I lay in a plan. I mostly love to write calls. On a stock like FGII that is going to have a strong, long-term up trend, I think there will be the chance to write the option, get the money and then cover the option on dips. (Of course you can do this with stock too.) I have Quad Cab pickup full of FGII and I will be writing some options for sure. Might buy some puts too for insurance. Hell, it'll be fun! Of note: I talked to a very large oil company today that is contemplating ordering a new deepwater drilling rig. I may assist them in this matter. Point is, the oil companies are fearful they will not have rigs to drill. The guy actually told me that they are a little scared to find oil because they are unsure of future rig availability. This rig will cost about 300 million. Boys and girls, the drillers are in the cat bird seat. mike simmons loosbrock offshore