Seeking Alpha

Halliburton (HAL +1.2%) is cut to Neutral from Buy with a $38 target price (down from $40) at...

Halliburton (HAL +1.2%) is cut to Neutral from Buy with a $38 target price (down from $40) at Global Hunter, which notes the change in strategy if production slows "likely mitigates pumping margins from getting materially worse. [But] there will be close to a million horsepower collectively sitting in yards across NAM, and thus the road to recovery in pricing is a long ways off."
From other sites
Comments (4)
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    The light at the end of my HAL-break-even tunnel just keeps getting dimmer and dimmer.
    18 Oct 2012, 11:10 AM Reply Like
  • Slipkid1850
    , contributor
    Comments (28) | Send Message
     
    Ever considered selling covered calls to generate a little income?
    21 Oct 2012, 10:04 AM Reply Like
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    Not until now. Thanks.

     

    I have never sold a covered call.

     

    How far up and out would you go at this point?
    22 Oct 2012, 02:19 PM Reply Like
  • Rajbajaj
    , contributor
    Comments (9) | Send Message
     
    i ve been underwriting a bunch at 38 - 39 all yr, usually sell 15 % OTM , 3 month fwd. got assigned for a small subset when i got aggressive and sold 14 contracts of 33 prior to earnings
    23 Oct 2012, 02:51 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs