Option Writers Newsletter, Wednesday, 07/27/2005 02:50:32 PM ET
HAVING TROUBLE PRINTING?
In keeping with the Oil and energy theme. We are adding ATP oil and gas put write to our portfolio.
ATPG - engages in the acquisition, development, and production of oil and natural gas properties in the Gulf of Mexico and the North Sea. The company had leasehold and other interests in 52 offshore blocks; 26 platforms; and 68 wells, including 5 subsea wells in the Gulf.
SELL ATPG AUG 25 PUT SYM: HKU-TE
Target Price $45.00 AUG 25 Put
Potential Profit( 5 x = $225.00
Initial Margin $2,950 5 (contracts)
Return on Investment 7.63%
Cost Basis in Stock = $24.55
Days to Expiration = 22
We will monitor any break below $26 for possible adjustment