Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 269,000 gross acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.

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Baytex Energy Corp > Understanding Call Option Selling

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Comment by Decaffeinatedon Apr 19, 2022 7:42pm

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Post# 34614975

RE:Understanding Call Option Selling

If you are asking for advise like this on the board you shouldn't be trading..

Leewardcape wrote: Ok....so I hold 4800 BTE in my trading account, along with other stuff.. So I set up with my bank the ability to sell covered calls... probably the strategy that holds the least risk,... What is the probability that BTE will be at or greater that $7 by Friday? The market, after commissions puts cash of $314 into my account....what is the downside? My answer? Nothing! If BTE is over $7 on Friday, then I pay an additional commission Of $15 and I'm given cash at $7...what will happen on Monday next? Do any of you know? Do you see my point?

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