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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (36809)	1/26/1999 7:51:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

Bill write puts on DELL, CPQ,SUNW and the like implied volatility is over 55% stock FV of the option move around $0.5 per dollar in the stock and depreciates around 1/8 a day. Now I am speaking near the money option BWDIK Haim

To: William H Huebl who wrote (36809)	1/26/1999 8:48:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

biz.yahoo.com Tuesday January 26, 8:26 pm Eastern Time U.S. OPTIONS/Equity call buying continues unabated CHICAGO, Jan 26 (Reuters) - Investors continued to bid equity calls higher on Tuesday after International Business Machines Corp. (NYSE:IBM - news) set a stock split. Calls on IBM were especially active on the Chicago Board Options Exchange, where the February 185, 190 and 200 calls topped the most active list, registering combined volume of 12,750 contracts. The stock was up 3-5/16 at 184-1/4. Overall equity call volume on the CBOE, the biggest options market, outpaced put volume 228,871 contracts to 78,981 as of 1130 CST/1730 GMT. ''The smart money is currently selling extremely expensive calls to the public,'' said Jerry Hegarty, chief analyst with Cape Market Research and editor of Hegarty's Options Navigator. ''Look for call option writers to clean the pockets of call peculators over the next few months,'' he added. ''The euphoria swirling around stocks virtually insures little overall upside progress in prices.''

To: William H Huebl who wrote (36809)	1/27/1999 1:40:00 AM
From: danderso	Read Replies (1) \| Respond to of 94695

that's because they all IPO in the morning <g> Dave

To: William H Huebl who wrote (36809)	1/27/1999 5:45:00 AM
From: Moominoid	Read Replies (1) \| Respond to of 94695

I still see the symmetrical triangle in SPX. So a small down move for a couple of days again will make sense. On CMB I see an ascending triangle? I agree with GZ's call of 1340 about 2 months out. That could then be a real top I think - it would hit the line from April 98 top through July 98 top which could be the top side of a broadening formation? DELL and MSFT are confusing me. My system gives a very small sell signal on both so maybe down for a day or two? That would fit with the market triangle. UIS looks pretty weak but AAPL and SWY are bursting out of their recent setbacks. David