Hard target--March 27. Allons-y!
It now appears that the date for our start-up in Montreal has solidified on March 27. I'm trying real hard to develop a positive attitude about this move. (It has nothing to do with Montreal, a city I find very beautiful). Rather it is the dislocation we all face, the separation from our families, and the prospect of living in a hotel room for at least a little while that has me depressed. I mean, I've stood on the same square on the subway platform for twenty years, so you might say I've settled into a comfortable routine. And to think it could all have been avoided if Fleming had never gotten the goofy idea in his head that becoming "Canada's premier equity exchange" included giving away the store, or if anybody had listened to the voices that were saying the emperor had no clothes. Oh well, water over the dam.
Yesterday Ballard once again put on quite a show...something like a 14 point range. More lives than Felix the Cat. INCO IVs took another jump as retail was big buyers of calls, particularly March 27.4 and 30s. A single seller sold 1200 ABX Mar 22.4 puts, a pretty big bet. I happen to agree with him..chart looks pretty good for a rally in ABX, imo. BCE was down about $3 in the face of NY's gain as it looks like investors are digesting the latest run-up and what exactly Bell will look like post-NT distribution. Should be interesting for a while.
If you're an options trader, now is the time to be doing it.
Happy trading.
Porter
E&OE |
