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Strategies & Market Trends : JANUARY 1997/BEST OPTION PURCHASE
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To: Brian Hornby who wrote (50)1/1/1997 4:07:00 AM
From: wiley murray   of 84
 
Hi Brian. You are on a roll. Good call on the OEX PUTS.Strickly profit taking. The heavy traders went home early. The SELL programs were set up at the close. Look for a snapback Thursday. I am still bullish on the short term. IOM finally had some nice up movement.CALLS on IOM look cheap. The 17 1/2 @1 5/16, the 20s @ 5/8, the 22 1/2 @ 3/16. The CALLS on ALTR,IOM, MOT,look good for the next week or so.
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