Zacks.com announces that Dr. Edward Olmstead highlights an option for the following stock: Cal Dive International Inc

Business Wire, Jan 16, 2006

CHICAGO -- Dr. Edward Olmstead and his team, from the Options Professor newsletter, say the market likes to do things in threes not fours. Discover what that means and check out an option trade for Cal Dive International Inc. (Nasdaq:CDIS). Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84

Highlights from the January 11 Featured Expert column by Dr. Edward Olmstead include:

The typical January sell-off (it has happened the last three years) has been averted, probably because too many were expecting it. The market likes to do things in threes... but not fours. Of course, in absolute terms, the market has not really made any progress in the last month, but Dr. Olmstead and his team are, at the very least, expecting a challenge of the December highs and a breakout seems likely enough this month. Once again, Dr. Olmstead and his team have their eye on the semiconductors, which have finally assumed some leadership. The market tends to do better when the Nasdaq is feeling its animal spirits, so Dr. Olmstead and his team are encouraged by the technical action in the chips.

PLAY OF THE MONTH

In every monthly issue, Dr. Olmstead and his team feature an intermediate to long-term play.

Cal Dive International Inc. (Nasdaq: CDIS): On Wednesday, CDIS closed at $39.81. Based upon fundamental and technical analysis, it is projected that CDIS will rise to $44.50 over the next 8 weeks.

Trade: Buy 1 Mar 37.5 call

Cost = $440

Max risk = $440

If CDIS rises to $43.00 anytime before February 24, this trade should show a profit of at least $110 for a gain of 25% or better.

Read Dr. Edward Olmstead's complete commentary and receive more information on the above option play by clicking: http://at.zacks.com/?id=85

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