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Strategies & Market Trends : Options
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To: Seldom_Blue who wrote (4715)3/12/2000 5:22:00 PM
From: Jill  Read Replies (2) of 8096
 
Hey, just went and looked at the WMT chart---I'm trying to find stocks under $100 for a friend who I am slowly but surely easing into the stockmarket. Don't want him to get too nervous so I won't pick volatile high fliers. So I see WMT really retraced, apparently because of oil price worries (they have the largest fleet of trucks) and interest rate jitters. So they're down to 48 from the 70s. You sold March 50s cc so you don't think it'll get above 50 this week?

In fact the leaps are dirt cheap. The 02 50s are about $13 and the 02 75s are 6.
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