OK Scott ..
For Tuesday, February 2, 1999
For Execution of Buy/Sell Programs
Our computers are set for program buying at $8.24 and weighted for AIG, AMR, AXP, CB, CCB, CI, CMB, DAL, DOW, EK, IBM, KO, LLY, MMM, MRK, U and UAL; and set for program selling at $3.46 and weighted for AGN, BAX, BUD, GTE, HD, HWP, JNJ, KR, MOT, T, and WMT. Our FairValue is $5.72.
quoted from:
programtrading.com
Their fair value is 5.72. So then, when the spoo is at 1273.01 (cash close) + 5.72 = 1278.73. That value for the spoo is center.
Sell program trigger levels = 1273.01 + 3.46 = 1276.47
Current spoo = 1275.00 Globex shows +70.
My point is that even though we are positive for Globex we are still in program sell area.
Gersh
|
