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

To: Don Pueblo who wrote (1362)	4/27/1999 6:15:00 PM
From: Porter Davis	Read Replies (1) \| Respond to of 1598

Options update for 4/27...I love this job on days like this. Nothing like stocks moving all over the place and gap openings to make this trader smile. Ballard opened up $6.20 from yesterday; not quite as handsome a move as last month when I was in Philly, but I'm not greedy. Hard to sell it too early when it opens near the high for the day. Options trading in BLD was pretty small beer, but had fun trading the stock. (62,60)(Implied call, put volatility) BCE: NTL seemed to hit the earnings target spot on, but that apparently wasn't good enough, as sellers took it down $3, and BCE fell almost $2 in sympathy and earnings worries. The great old lady is almost acting like bell.com. (Well, sorta) (28.5,30.5) ABX: Finally a break in the selling. Not much movement in bullion, but a decent rally for Barrick. Call sellers dropped out of the clouds like rain, a strange pattern to me...why sell on the first day of a rally? Call vol coming down to reasonable levels. (46,46) N: INCO has pulled back in recent days while digesting the huge run-up of the last weeks; today's action suggests it might be ready for another run. (42,44) Still hanging fire waiting to hear if, as, and when we move to Montreal. Unbelievable to me that they can leave so many people who have to make so many decisions in the dark. Got to run. Happy trading. Porter (Oops, almost forgot: This is all IMHO)