Wednesday, December 19, 2007

Schlumberger

A wrong one for options

Quite strange. Schlumberger (ticker: SLB) is a leader in oil and gas industry. I had watched this company for some months before placing an option order. The beginning month the option did bring me a lot of fortune. But, after the second month, the value of my options has behaved like a balloon with a hole. Maybe this company is just not a good material for option transactions.