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Strategies & Market Trends : Position Trading Forum

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To: Bogeey who wrote (4608)	10/28/1998 11:51:00 PM
From: Tim Luke	Read Replies (1) of 7247

Wednesday October 28, 11:32 pm Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) U.S. OPTIONS/Index vols dip, anxiety eases CHICAGO, Oct 28 (Reuters) - Implied volatility on stock index options dipped on Wednesday as anxiety in the market eased after Brazil unveiled details of its $84 billion austerity package aimed at shoring up its economy. ''It was a relief,'' an options trader said of the package. Rumors late Tuesday that Brazil would devalue its currency had kept implied volatility well bid, he said.. ''It seems there isn't a lot of worry out there at the moment,'' the trader said.

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