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Pastimes : Ask Mohan about the Market

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To: MythMan who wrote (6661)	10/30/1997 5:00:00 PM
From: IceShark	Read Replies (3) of 18056

Pete and Mohan, Well on MUMG having no premium to speak of - you know that allways tends to happen when they get so deep in the money. Especially on near contracts. Kind of strange it is happening already on Jans though, must be because they are 1/3 of total strike in the money. Likely a supply and demand deal since pros would never tie up that much equity in a contract (which is good for short sellers since they can do this rather than short the stock itself and put a cap on max exposure). Glad to see you guys made some money on your NDZXLs. As I said I was going to hold off a bit and evaluate the last 1/2 hour of trading, which fell into place just fine, thank you. Now let's see if Asia and Europe follow with the program! -g- Looks like I will be taking a ride with my girl downtown tomorrow morning since I need to move fast and I can't trust ANY technology to get me through to the brokers. So, will be MIA from here. BTW, Pete, the deep in the money reaction you noted is the reason I would not expect these deep out of the money puts we are playing around with will ever be worth much more than they will during the next few weeks, unless there is a fair sized K. Regards, Dan

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