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Strategies & Market Trends : Tech Stock Options

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To: Nemer who wrote (25217)	10/7/1997 11:12:00 AM
From: Bart	of 58727

Nemer-Can you help me understand how I could buy the oew-kp's for 10.3750 yesterday when the oex was at 934 and now it is 10x10.5 with a 5 point rise in the oex?-It was down 30 minutes ago the option that is...when the oex was up 3 points.Whats up with this?-Is this the dreaded Gamma factor or just MM boloney? BTW the puts lost value as well as the calls, It almost seems like they are saying that you can't make $$ here regardless of the oex movement!

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