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To: Andrew Vance who wrote (15895)	11/24/1998 1:51:00 PM
From: Patrick Slevin	Read Replies (1) of 17305

SPYG Evidently option volume is up 250% with the bulk in speculative calls. One of those "put 5 dollar coins in the slot" plays @ Vegas and if you get lucky it pays out but the odds are always with the house. Implied Vol is high which is always an attraction for Options speculators. McMillan tracks IV on stocks and SPYG's IV could probably be found over here; optionstrategist.com As for me, I prefer the relatively risk free world of trading the S&P Futures. At least I know going in that there is a sniper behind every tick.

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