ncp put warrants to rembrandt., page-17

re: time to short monday? ... fairdinkum jolly Hi Jolly ... see my post and chart "xjo...time for a breather?" for my argument for a possible reversal (breather?) at some point next week ... profit-takers/war nerves/US economy.

IMHO this will be more a signal for those nicely LONG to close and take profits ... tight stops.

Whether the DOW tanks or simply plateau's ahead of next upward move is debatable ... hence question mark regarding SHORT entry.

Also my post above for analysis of NCPWOT ... THETA (time decay) is a more important factor here in my view.

Due to the limited offering I feel NCPWMV better profit potential for given move of the Underlying.

It seems you have a preference for ATM ($11.50) derivatives.

ETO $11.50 PUT Offerings:
NCPVI 27-Mar-03 11.50 A 1000
NCP4B 23-Apr-03 11.50 A 1000
NCP2E 29-May-03 11.50 A 1000
NCPSB 28-Aug-03 11.50 A 1000

ETO should see higher profit yield compared to Warrant cousin where they exist ... Writers (OTM CALLS) would have the edge here IMHO.

Would like to see an ann from Rupert or other before committing here.

Cheers ... tight stops.


This is only my view ... read the red stuff.