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Strategies & Market Trends : JANUARY 1997/BEST OPTION PURCHASE

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To: Max G. Blaise Jr. who wrote (73)1/11/1997 2:33:00 AM
From: wiley murray   of 84
 
Hi Max. I plan to do that after next weeks expiration for January options.I always think that the expiration week is where you can really do well if you pick the right option and stock.Thats a great statement. What I mean is the options are cheap and if you get a volatile stock option and it goes your way-watch out. There are a lot of earnings coming out next week so we should see a lot of volatility. The action seems to be in the DOW stocks. Watch Caterpiller (CAT). It has been up 2 7/8 the last two days to 78. BULLISH article on CAT in this weeks BUSINESS WEEK!INTEL is another everyone is watching. I am not sure if the good earnings is not already factored in the stock. It could go Tuesday 5-7 points either way.
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