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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket.

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To: OX who wrote (1441)10/26/1999 11:27:00 PM
From: Lee Lichterman III  Read Replies (1) of 2103
 
I ran some early Max "uncomfortable" <g> numbers tonight and I got it around 677 on the OEX. There are a huge number of puts around 660, then 655 all the way down so the comfort zone should be to the high side around 680-685 if they are going to miss one way or the other.

For that reason, I think we will rally some time before expiration either way early to allow closing of contracts cheap or else as expiration gets close.

I know it is still way too early to read too much into it but thought I would let you know I came up with a number slightly higher than yours today. Of course there will be massive jockeying over the next couple weeks so I will take it more seriously later down the road,

EDIT - Sorry for the stretched out post, I must have bumped the fixed font without realizing it and it won't let me change it. Doh!!!

Good Luck,

Lee
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