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Strategies & Market Trends : Canadian Options

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To: Chris Stovin who wrote (425)5/7/1997 10:11:00 PM
From: william smith   of 1599
 
Chris, I have played this stock for awhile now and love it's swings. I see NNC as a buy from 38-44 a hold 44-47.5 and sell above 47.5 - 50. This is great for options because if this stock hits high forth's (above 48) I would buy a in the money put and if I was long on the stock sell a 50 covered call. When the stock drops below 44 buy your calls back and sell your puts. Than buy calls and wait. Personally I would not buy NNC calls because the price is high and your upside is limited. This stock takes some wild swing at earns time. Will P.S. I may be wrong, Jan and Graham has played NNC and I would be interested in reading their views.
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