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Pastimes : Trading the markets.....

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To: wmwmw who wrote (571)10/31/2000 12:16:52 PM
From: GROUND ZERO™  Read Replies (1) of 4583
 
Right now, today, there's about a 10 point premium which diminishes each day as we move closer and closer to December expiration... but, it really doesn't matter if the premium is above or below that level at any given moment... the near term floor traders can take advantage of those disparities, but you or I can't really place a trade quickly enough to use that fluctuation above and below fair value to our advantage... it's interesting to watch, but I really wouldn't give it much credence if you're looking at a longer term position play.....

GZ
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