AI
Thursday, January 29, 2004 10:41:21 AM
HPOL and MEDI Stormin' from newsletter (earnings plays)
We did call some "straddle play" in MEDI
also intraday charts being prepared for some other plays but these didn't need any waiting. Great out of the gate.
MEDI yesterday after the FOMC meeting:
MEDI doing lousy as usual. Looking at the February 22.50 calls for a $1.00 and the February 22.50 PUTS for $1.35. This is not a first tier play but this has some big downside moves after earnings. However, its never been this low so a complete straddle might be in order. Of course the puts are the first, we might not pick up the calls until much later in the session
We did call some "straddle play" in MEDI
also intraday charts being prepared for some other plays but these didn't need any waiting. Great out of the gate.
MEDI yesterday after the FOMC meeting:
MEDI doing lousy as usual. Looking at the February 22.50 calls for a $1.00 and the February 22.50 PUTS for $1.35. This is not a first tier play but this has some big downside moves after earnings. However, its never been this low so a complete straddle might be in order. Of course the puts are the first, we might not pick up the calls until much later in the session
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