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Strategies & Market Trends : Tech Stock Options

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To: Electric who wrote (42848)5/8/1998 8:36:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (3) of 58727
 
Just a thought, the Prem closed about 2 points over fair value today, so unless the
futures are strong, the market will be down opening on Monday..


No that is not the way it works

The cme has a time and sale link

If you look at the futures at the time the cash closed it was around
1112.80
and the futures closed at 1115.10

that means that the futures can be NEGATIVE 2 and the market still wont go down at the open.....

this is the "Premium to cash" thing Mark Haines talks about in the mornings.
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