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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: IceShark who wrote (2977)7/9/1998 6:36:00 PM
From: Joseph G.  Read Replies (1) of 86076
 
Looked at some SPX, OEX and NDX DeepOTM contracts today, and saw some significant writing today - 50, 100 and 300 lots. A 100 lot write may require couple of million $ margin - don't think it was Dan writing, nor Dr. Vee. Should the Bull Market end prematurely, some institutions will be in a great hurry to buy them back. Nietherhgopher, or whatever his name, example last Fall taught them little.

PS. thought I was replying to Dr. Dee
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