Option Writers Newsletter, Tuesday, 01/03/2006 06:09:51 PM ET
ONE POSTION TO ADD TO JANUARY RECOMMENDED LIST
by Steve Gail
HAVING TROUBLE PRINTING?
ONE ADDITIONAL PUT WRITE TO ADD TO OUR JANUARY RECOMMENDED LIST
We are being very selective with our recommendation List for January from here on as things have been going pretty well thus far.
We are suggesting a put write on the following issue:
GGR - GeoGlobal Resources, Inc.
a development stage company, through its subsidiaries, engages in the
exploration and production of oil and natural gas in India. It primarily
has interests and operates in the oil fields located in Krishna-Godavari
Basin and Cambay Basin. The company was formed in 2002 and is headquartered
in Calgary, Canada.
We are recommending the following specific put write:
SELL GGR JAN SYM: GGR-MV
Target Price $45.00 12.5 Put
Potential Profit(10 x = $450.00
Initial Margin $3,140 10 (contracts)
Return on Investment 14.33%
Cost Basis in Stock = $12.05
Days to Expiration = 17
If this position is filled it will bring our JANUARY RECOMMENDED LIST
to NINE (9)
In addition we have one other currently GTC order OPEN
OPEN PUT WRITE