Continuing the IFMX discussion and more... Message Board

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Strategies & Market Trends : Continuing the IFMX discussion and more...

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To: Melissa McAuliffe who wrote (157)	9/10/1997 6:30:00 PM
From: Marq Spencer	of 206

Melissa, A possible play on ORCL might be the Sept. 40 calls (going for 11/16th). The only reason to get into this early tomorrow might be to hold it until the 16th (Tuesday), but not hold it through announcement. I did something similar with CSCO options in early Aug. The volatility got crazy on the day of the announcement and the options went up quite a bit. I made 30% in two days (on a small amount). If I held through the announcement, I would have lost money. So, I agree with Bob's analysis on holding through the announce - don't. But it could still be profitable. However, I would wait until tomorrow morning to see where the market is going before I'd do this. - Brian.

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