JANUARY 1997/BEST OPTION PURCHASE Message Board

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Strategies & Market Trends : JANUARY 1997/BEST OPTION PURCHASE

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To: wiley murray who wrote (44)	12/30/1996 3:25:00 PM
From: Brian Hornby	of 84

Wiley: Flipped the Zitel puts (4 1/2) when it corrected after bought in, may have gotten a big one if I held on, but I will wait and see - in any case I don't mind a quick profit with options. I think a great play may be to buy Zitel puts on Jan. 3, for the "sell on the news" possibility on Jan. 6. What do you think about CA? Looks like a good covered call play or even something like long Jan. 50 calls. Correction last Friday may have been overdone? Brian

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