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To: H James Morris who wrote (81551)10/21/1999 9:20:00 PM
From: gladman  Respond to of 164684
 
On 9/28/99, somebody bought approximately 60,000 December gold 390 calls. On 10/21/99, there are approximately 162,692 Dec calls between the 260 and 400 strike prices. These options all expire on 11/12/99. Gold's implied volatility has traded at all-time highs over the last month and the current open interest is close to all-time highs.