Also, Option Investor is apparently giving a seminar in Denver next month. If anybody lives in that area, maybe they should go. I wonder if they are assembling their newsletters into a book. There's a lot of good general info about strategies as well as specific plays.
Another snippet: The Options Clearing Corp reported that Friday was the fourth heaviest day ever for U.S. options volume with over 3.6 million contracts traded. This compares with an average of 2 million per day in 1999 and 1.6 million in 1998. Average daily volume in January has been over 3 million contracts.
Also some comments on JDSU. I have a few calls and might like to pick up some more:
JDSU announced another 2:1 split 3 days following its last split, which will become effective on March
10, assuming the shareholders approve an increase in the number of authorized shares from 600 mln to 3 bln on February 25. But this isn't the reason for the play. The earnings date however, is driving the play. The announcement is scheduled for January 26. If ETEK's 18% surprise last Monday was any indication, earnings should exceed the street estimate by a significant amount. Sorry, we have no whisper number. JDSU's CEO, Kevin Kalkhoven figures that they need to double capacity for the next two years just to meet demand. Even so, they can't produce fast enough. Thus it becomes an execution-focused business rather than demand-focused. JDSU is the biggest and most integrated in the business, which all but assures continued future orders. Support is firm at $180, but getting stronger at $185. |
