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

To: Carmine Cammarosano who wrote (8637)	1/17/1998 6:55:00 PM
From: Dwight E. Karlsen	Respond to of 95453

Carmine, selling options isn't an option for me. I'm not permitted to sell naked options, and I don't have enough capital to tie up for the purposes of selling covered (covered by stock for calls or by capital for puts). So I can't really say, not being an expert here. I do know that premiums are fat, due to the stock volatility. But if the stocks stabilize, (knock on wood, but the last 2-3 days were pretty narrow trading ranges on many oil serv/driller stocks, with not much movement) I expect premiums to fall. IMO, sell options was the place to be late last week (Thurs/Friday). Anything said about next week now (trading starts Tues) may be a moot point by Tues. DK