Trade recap: Parker Drilling

I purchased Parker Drilling PKD on March 22 for $9.65 and sold the May $10 call for $.65. The option expired in the money and the stock was called away giving a profit of 9.3% for 58 days. This would be about 57% annualized.

PKD has continued to rise in price and I am looking at it and OMNI for trades in the oil services industry.

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