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Gold/Mining/Energy : Anyone following UTI Energy Corp.? -- Ignore unavailable to you. Want to Upgrade?

To: Ernest K Brandt who wrote (686)	5/12/1998 12:04:00 AM
From: Minos	Respond to of 1305

Threaders, Newish UTI investor here...in at around 17. I love this sector and know it's going to fly. I chose one Deep Water driller and one Land Driller, and UTI seems like it has the most upside potential. In addition to being long the stock, I'm also holding UTI May 15s with a decent, if not outstanding, profit. Question is: do I hold on 'til Friday...or should I cash in during the typical morning uptick that seems to be inherent to this entire sector? Anybody have some good exit council for me? And secondly, does anybody else find it unusual that the May 15s are trading at 3 3/4 by 41/8 while the underlying stock is trading at 19. Why is the bid at less than the option's intrinsic value of 4. Is this typical? TIA, Minos