Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Thean who wrote (13270)	3/2/1998 11:53:00 AM
From: Broken_Clock	Read Replies (3) of 95453

Thean- we're pretty much there on the OSX. The afternoon shouldbe decisive. Very heavy call action on the OSX this morning. Could be funds selling calls for March expiry premium capture. 105s... 325 110s... 200 115s... 200 120s... 2200(!) I would not expect a fund to buy long and do so by purchasing a series of out of the money calls. In the Money would be more typical. PK(I could be wrong...OSX at 107.75 whichy is very close to a high for this year...could be the high as my chart isn't that accurate)

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