william the wie
Gold Member
- Nov 18, 2009
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Take SDRL it sells for 11% of book value. If it goes under I can reasonably expect a minimum 400% profit. In the meantime I can make a decent income writing out of the money calls. Since my maximum book value share price is 50% and the share price can not exceed $9.99 I only have a universe of 15 issues but how many do I need?