Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (22243)	7/25/1998 10:20:00 AM
From: Haim R. Branisteanu	Read Replies (1) of 94695

Bill, some were you mentioned buying calls on LU. The option are so expensive that it is worth more selling them than buying. In any case I see LU moving to 98 3/4 or around +$2.5 on the stock. This can translate in a $1.25 move in close to the money options. The Aug. 100 option is priced around $4 to much risk for to little reward. In any case LU may retrace 50% of the recent drop, and may reach $100 3/4 to $101 or $4.75 above current levels which may be more interesting. The Aug 100 option may move to $6.75 As to the SPX my levels are 1152.5, then 1160.5 or 50% retrachement with a possibility to reach 1167. Any comments?? Haim

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