The ultimate play:STRADDLES on earnings announcements. Message Board

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Strategies & Market Trends : The ultimate play:STRADDLES on earnings announcements.

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To: Chris Baker who wrote (48)	7/25/1996 9:29:00 AM
From: farouk a. hassieb	of 140

Chris, What brokerage do you use to trade your options? If you go to the CBOE.com page you can find LEAP symbols and get the quotes from your broker. Yesterday there were very evident signs of funds buying the high flyers on dips, something that I haven't seen lately. The market may rebound sharply today, but the long-term is still shakey. I will unload my USRX puts at the market open and hold my calls for a rebound back into the low 60's this week, or maybe even today! The numbers on USRX look excellent and one brokerage actually upgraded their rating on the stock, which may cussion the fall and encourage the rebound. The current earnings puts this 130% growth company at a PE of about 30 if trading at a price of 56. This is undervalued in my opinion. I may look to buy the stock for a rebound play as well. I'd like to see the first couple of minutes of trading to get a feel for what will happen. Look for strength in the techs today on IBM's earnings and various upgrades on high tech stocks(Something we haven't seen in a while!) good luck

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