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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: Alidotr who wrote (7390)	11/17/2000 3:56:30 PM
From: Lost to Voodoo	Read Replies (1) \| Respond to of 10876

Dunno. Looks like it's treading water to me. I'm wondering about ENTU which I still have too, and looks to be doing the same (though treading a little lower than where I got it, unfortunately).

To: Alidotr who wrote (7390)	11/17/2000 5:59:32 PM
From: dli	Read Replies (1) \| Respond to of 10876

BR, GLX looks like a prime candidate for delta neutral strategies like short straddles, butterflies, or calendar spreads (or covered calls since you own common) as the stocks essentially has not gone anywhere for the past year. IV has risen sharlpy over the last few months so I'd look to sell volatility and since there's a slight volatility skew between front and back month options calendar spreads may be worth a closer look. I would not place any directional bets but if you really want to make it a vertical spread by selling the strike at resistance against your long call to lower your cost of the trade. You should also be aware that since GLX is an ADR there's additional overnight risk as you won't be able to react rightaway when the FTSE is tanking or there's company specific news. Dave