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Strategies & Market Trends : Canadian Options

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To: Porter Davis who wrote (114)	2/2/1997 8:00:00 PM
From: Porter Davis	of 1599

Options update for Friday January 31: Highlight for the day was watching Nortel break the century mark, although it couldn't hold it. Options volume was slow across the board. INCO spiked up to $47.25 before retracing to $45.90. I guess those custy put sellers on Thursday were right. ABX closed up on the day, and has been showing strength in the face of bullion's week-long swoon. BCE has not pulled with NTL nearly as much as you would expect. Good two-way trade is showing up, though, with buying focused in May and August calls, along with scattered put-selling. Happy hunting! (Standard disclaimer, etc.) Porter

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