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To: Tavros who wrote (45953)	10/24/1999 12:16:00 PM
From: MileHigh	Read Replies (1) \| Respond to of 152472

Sunday October 24, 11:38 am Eastern Time GM plans Internet access in cars within year-paper DETROIT, Oct 24 (Reuters) - General Motors Corp. (NYSE:GM - news), the world's largest automaker, plans to offer Internet access in some vehicles within a year, the Detroit News reported on Sunday. The Detroit automaker had previously said it intended to offer Internet access in its cars, but Mark Hogan, president of GM's recently formed e-GM unit, identified the time frame for the first time in an interview with the paper at the Tokyo Motor Show. GM wants to use the program to give the automaker a head start in the race to market online technology, the paper said. Next month, GM will show a Cadillac Seville equipped with voice-activated Internet service that allows the driver hands-free access to the Internet via GM's Onstar communications and navigation system, with plans to roll out the system in several models next year, Hogan said. ``We're really focusing on voice telephony, where a customer can interact with the Internet via voice,' Hogan told the paper. ``That way the driver can concentrate on the main task, which is driving.' The system will allow a driver to check e-mail, surf the Web and download data, the paper said.

To: Tavros who wrote (45953)	10/24/1999 7:33:00 PM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

Tavros - I am a HUGE believer in mathematical approaches to trading in derivatives. When I started trading interest rate futures for my own account (1978) (T-Bill futures only) (Eurodollar futures had not yet been invented) ... I heard stories about how the old-time "locals" in the pits were repeatedly having their "pockets picked" when they traded (the relatively recently introduced) interest rate futures contracts, and were competing against the upstairs traders at places like Salomon Brothers. Then, in the summer of 1979, I actually was working at Salomon Brothers (as a summer intern in their New York office), and heard exactly the same thing. My own experience regarding options -- I worked as an options arbitrage trader on Wall Street (trading large positions for the firm's account) in 1980 and 1986-1987. I think every single time I had a short put position (as part of a totally hedged reverse conversion) that went "deep in the money," it was exercised early. I am going to check in a minute a few obvious deep in the money options (YHOO, QCOM, AMZN). I assume the bid on the deep in the money puts would force any rational person to exercise early. Details shortly ... Back in a few minutes (if my ISP continues to function properly). Jon. 7:34 update -- Boy, am I dumb ! I need stocks that have gone DOWN huge (not up) to look for deep in the money puts. Um, have any stocks actually gone down ? I'll try to think of a few ...