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Non-Tech : Aames Financial (AAM) - Undervalued or what???
AAM 10.60-0.2%Nov 18 10:19 AM EST

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To: JAF who wrote (112)8/15/1997 10:45:00 AM
From: Steve Dunlap   of 510
 
JAF,
I've just begun watching and buying options.
Sept 20 calls today at 2 1/4 ask.
I've had success so far buying farther out of the money (and cheaper)
options and have the Sept 30 at 3/8 and 1/4 trading today at 1/4 ask.
With stock quiet recently and option prices "low" any surprise in the earnings my create a significant move in the stock price and really swing the derivatives. I bet that MU would go up then down recently
using the "best" options I could get for under a buck....most pleased with the results!
As a nimrod, any advice & comments in this area are welcome.
And especially any advice, premonitions, etc about AAM earnings....it all hinges on that event right now.

Steve

PS I found a site that provides a table of all available puts & calls
by going through dailystocks.com and selecting "option table"
from the HUGE menu of sites.
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