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Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Sir Francis Drake who wrote (2265)	7/12/1999 6:30:00 PM
From: Joseph Silent	Read Replies (2) \| Respond to of 10027

Francis...... Well, I've been watching the price action for a while now and agree with you. I'd appreciate the URL of the site you mention -- the one that calculates optimal option-related points. I've been following the posts of Shorthoe (on Yahoo), since I don't have Level II. He's been saying all along that FBCO has been stalling all rallying attempts --- selling like crazy into strength. Last Friday's action may have been MLCO's (if I recall somebody's post correctly). I'm wondering -- is it just coincidental that the price seems to now hover around what is max open interest? [Well, approximately so, since strike 60 is also a max candidate, besides strike 55]. I tend to think not. In the absence of a push upwards or a push downwards, I see no motivation for them to stray too far from here. Well, 60 is also a possibility. So either 55 or 60 I'd say. I'll try to keep track of the daily numbers if I can. It really would be nice to build up a history of these things. I wouldn't be surprised if someone has already done this, and can make some probability statements. What I mean is, the rule will be stated something like "If X occurs, then options-expiry target price is Y with probability 0.7". Such a thing is do-able, based on data. More sophisticated and interesting things are also possible. Gambling in this way can put the odds in your favour. Joseph