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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (69690)	10/28/1999 2:54:00 PM
From: re3	Read Replies (1) \| Respond to of 132070

mikey, you need 600 points on the dow bow wow to breakeven on this one in 3 weeks ... you must be thinking b.k...funny , no one on the thread is.<ng>

To: Knighty Tin who wrote (69690)	10/28/1999 3:00:00 PM
From: AurumRabosa	Read Replies (2) \| Respond to of 132070

MB, Not quite as bold as you but I did pick up some OEYXL Dec 660 puts at bottom tick so far today. The funny thing about pricing options is that closing prices don't fairly represent the action during the day. As I watch bid-ask during the day it paints a very different picture. They dropped VIX down to about 22 while they increased the IV on index puts. Not sure how they pull that off since VIX allegedly includes at-the-money near-term calls & puts. Very sneaky, what a racket these MMs have going. As the market jumps up they drop the call IV so one won't get as much leverage as they'd hoped for when they go to cash in. At the same time they increase the IV on puts so that when the market corrects and they subsequently reverse the process and decrease the IV you'll get short changed. I wonder how many people got filled on market buy orders for calls this morning and still ended up paying top tick? Any tips on how not to over pay for your options?

To: Knighty Tin who wrote (69690)	10/28/1999 3:01:00 PM
From: Defrocked	Read Replies (1) \| Respond to of 132070

In terms of contrary opinion, you've got a good put play. There are so many people on the same side of the boat in this market it's unbelievable. Everyone's gonna get rich, MB, without inflation! But just to be safe, buy your house and vacation home and get your mortgage now.BWDIK.

To: Knighty Tin who wrote (69690)	10/28/1999 3:55:00 PM
From: Joss	Read Replies (1) \| Respond to of 132070

Mike, I picked up some oex 700's around the same time as your post. However, with the OEX up 19+ points, thinking of buying more. The vix has dropped like a rock and any pull back should allow you to make money. Then again, this market has proven my reasoning false so many times by doing the insane...perhaps I should not have said that<grin> Steve

To: Knighty Tin who wrote (69690)	10/28/1999 5:59:00 PM
From: bob s	Read Replies (1) \| Respond to of 132070

MB-Which 2 indexes are the most overpriced in your humble opinion from a near term perspective??? Thanks Bob