Bought 200 shares of OIH at $170 and sold 2 Jun 07 $170 Calls for $5. Pocketed $1000.00 in cash today. This represents 2.9% return in under 30 days! If OIH drops, I’ll look to sell July, September or October calls.
My portfolio’s return from Dec 06 through Jun 07 will be around 12 pct.
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