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Show Page sixteen The National Enterprise, July 20, 1977 MAZATLAH EV3EXOCO Option Market News 1 by Warren M. Ketcham, Ph.D. Prince, Langheinrich & Greer $350.00 9 days 8 nights on the to romantic Mazatlan. Lay beach, parasail, or enjoy in . on to Guadalajara for world. . Then sea the of some the best deep fishing five days of exotic shopping, sightseeing and nightlife in Mexicos second largest city. Bring your partner FEATURES INCLUDE: v.- - V; V; Round trip jet air transportation with meals enroute 4 nights accommodations at the popular Playa Mazatlan Hotel, on the beach Round trip transfers, airport to Playa Mazatlan 4 nights accommodations at the new Hotel Malibu in Guadalajara Round trip transfers, airport to Hotel Malibu Half day sightseeing tour of Guadalajara including the village of Tlaquepaque 4 hotel accommodation tax tWma6 TRAVEL, INC. 2600 South state (801)486-354- 7 The July series of options expired at the end of last week. Once again, there was a strong tendency for the underlying stocks to close very close to one of their strike prices. Of 60 stocks, which have expiring July options on the CBOE, 17 closed with 14 point of one of their strike prices. The tendency is caused by arbitrageuers buying an expiring, slightly in the money, option and selling the stock short. Downward pressure is experted on the stock until the expiring option becomes slightly out of the money. Two stocks that were not influenced by arbitrageuers on Friday, were IBM and Teledyne. IBM closed up nine points on news that the company would buy another $700 million of its own stock. Teledyne, went nine points the other way on news of lower quarterly earnings. These sharp moves caught traders by surprise. In fact, several CBOE traders who were short the July 260s in IBM, were wiped out. Sunset Sports counts 24 with latest opening Utahs Sunset Sports Center, the largest privately owned sporting goods chain in the United States, has announced the opening of its 24th store at Utah, Arizona, Wyoming and Idaho and employs more than 800 people. Last year, the company grossed over $11 million. 1110 E. 7200 So. With the addition of a Sunset store at the Hermes Assoc- Owned by Richard McGillis of .Salt Lake City, the company will hire 60 new employees and serve Midvale, West Jordan. Cottonwood Heights and Shopping The company began in 1947 $1,000 to open a Salt Lake City Since army surplus store. then, he has opened stores in Sunset sells and services sporting goods, sportswear and western footwear. when 485-10- Family Center, the three stores in the Salt Lake valley nowr include more than 70,000 square feet of shopping space and 91,000 square feet of warehouse and office space. Holladay. Phone (801) iates McGillis invested WORLD DATA SYSTEMS INC. 53 V Specialists in Problem-Solvin- g Business Systems Process Control Systems Microcomputers Telecommunications Automated Dispatching " Providing BETTER Technology 790 West 3500 South Suite C 1 Salt Lake City, Utah 84119 (80 1 ) 972-873- 0 |