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Strategies & Market Trends : Canadian Options

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To: thebeach who wrote (454)5/22/1997 8:52:00 PM
From: Dave.S   of 1599
 
Beach:

Your target for CIBC shows a greater gain than for Royal.

Three months out would be September.

The 32.5 calls for Sept are $2.40, the 35 calls are $1.20.

Given your projection of $40, the 32.5 calls would gain 212.5%, and the 35 calls would gain 316.7%.

It looks like the Sept 35 calls are the best bet.

I also like CIBC. If the story in the Globe today about Oppenheimer comes to pass, and their earnings are better than street estimates, then $40 by Sept. could be within reach.

Dave
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