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Pastimes : Ask Mohan about the Market

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To: GTC Trader who wrote (11334)	12/13/1997 12:11:00 PM
From: Zeev Hed	Read Replies (2) of 18056

Happy, I hate giving you dates so close to expiration, if you err, there is no recivery. I still thnk that by Tue or Wed morning we will see about 7700 on the dow, as i suggested earlier last week, but when playing with short fuse options, it is very dangerous to rely on that. If we come down hard Mon morning, I would take half of these Dec puts off the table and wait for the other half until we reach the 7700 or so level (the naz will probably continue and do much worse). Zeev

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