Replies to post #958 on Seadrill Ltd (SDRL)

[carnyc]

I am as well. The trade was made under the theory that it will probably be a rocky road for the rest of the year, but a bottom could be near, so I did a buy/write expiring Jan '16. If it's called it will be a nice % gain for a six month investment (minus some upside). If not, it's income/averaging down until the industry recovers.

SDRL seems to have the ability to weather the storm, making it a decent risk/reward play IMO.