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Gold/Mining/Energy : Ensco International Inc. (ESV) -- Ignore unavailable to you. Want to Upgrade?

To: Michael W. Brom who wrote (1699)	2/11/1999 7:18:00 PM
From: steve harris	Read Replies (1) \| Respond to of 2005

Michael, if the stock went to 11 I would look at the next month's 10 or 2-3 month out 12.5's. I like to get 3/4 or more if I can. The cheap trading commissions do not apply with options at my broker. Usually runs about $30 or so, one time. I do not like writing options more than 3 month ahead. Hardest part is being happy with your gain when the stock runs away from you. (hardly happens) Couple of changes in the rig update. One GOM rig contract extended and one North Sea rig dropped from 1/00 to 5/99. I'll wait and post this weekend. steve