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To: re3 who wrote (74144)	8/16/1999 8:19:00 PM
From: GST	Read Replies (1) \| Respond to of 164684

ike -- Last Friday we found out that crude prices rose 2.3% in one month -- intermediate prices rose 6 tenths of one percent, and finished goods at the wholesale level were up 2 tenths of one percent. The rally in one of the thinnest markets of the year was to celebrate 'zero inflation'. Today we had the lightest trading volume of the year and a last second rally to celebrate tomorrow's expected 'great news' on inflation. If the news is clearly 'great', then I question the wisdom of holding puts. If it is 'not great' I think you are very wise indeed -- and I would hold them beyond this expiration. Good luck.