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Strategies & Market Trends : Canadian Options
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To: Goldberry who wrote (6)1/21/1997 9:14:00 PM
From: Jan Johnstone   of 1598
 
Both Air Canada and Mitel have broken out on the upside. So buying CALLS or writing PUTS seem like money in the bank. I would wait until things settle in the next couple weeks before getting in.

I'm also considering going long on Biochem Puts, I don't like the size of the premium. The premium size is also why I'm not jumping into Newbridge calls, although I agree the stock has a lot of upside potential.

I've been playing Bre-X from both sides for the past two months, I may get into some March Calls in a day or two.

There you go, that's all I've got on my plate for now !!!
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