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Strategies & Market Trends : Canadian Options

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To: Jan Johnstone who wrote (718)	10/25/1997 11:34:00 AM
From: Dave.S	Read Replies (1) of 1598

Jan: Given the recent huge moves in BLD I don't think you would want to be short puts. The market makers in GAC, CSN, and HUM have had a really rough time (one of them blew out) recently. I don't know if any of the MM's want to take on BLD, so it may not be listed. How about that NTL as a leading indicator! It really saved my skin from that large unexpected gap down on Thursday. I had numerous long positions which I closed out on Wednesday and brought some TXO puts, because NTL signalled a large down move was coming. Still long the MLT though. Dave

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