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jenna

02/10/04 12:38 PM

#21179 RE: jenna #21178

CLX +171% puts enters our list of multi-day short/put play at least through expiration. Straddle officially called for CLX as we did for CI and MDT (just the puts) before adding some conservative, but definitely losers to our short portfolio.


February 9 call on CLXNJ:

CLX maybe a CI play?
Just added some February 50 puts CLXNJ to the pot.. here with some February 50 calls from earlier now trading about $0.85. If we get a move like CI, one of the positions might be very profitable (LIKE CI WAS).

I was a little concerned with CI because of the low 20.5 p/e but that had no effect on the results which was pure downside on CI on both the stock and option calls moving the puts up quite handsomely. The CLX p/e at 22.5 should not be a determent either. CLX WAS DOWN AFTER THE LAST report which has historical signifcance but offers no guarantees of how it will perform following the current report.



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jenna

02/10/04 1:07 PM

#21180 RE: jenna #21178

earnings plays exhibiting strong "anticipatory upswing" another one added to the basket!