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Strategies & Market Trends : Waiting for the big Kahuna

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To: IQBAL LATIF who wrote (6370)10/15/1997 5:24:00 PM
From: Tom Trader   of 94695
 
Iqbal, re the OEX straddle -- I did not do it because of the CPI #s tomorrow.

I may revisit it tomorrow--after the numbers are released -- and based on the market's reaction and follow-through.

I know that you have been looking at JBIL--I think that it will revist the mid 50s again and I feel more confident that it will not break-down. There is a gap at 52 5/8 which I suspect it may take out. I will look to sell puts on the stock at that point--or may be a little higher.

Have a good day
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