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To: re3 who wrote (84033)11/12/1999 2:19:00 PM
From: H James Morris  Read Replies (2) | Respond to of 164684
 
<<hjm - you think oils could be peaking here ?<<
No! I just wanted to get rid of my call index options. I don't like options win, lose or draw, and seldom do them.
The MM's have their premiums down to a science so why should I feed them??
Ps
Options are for the investors that can't afford to buy or short the under lying stock, or for those that like to out right gamble.



To: re3 who wrote (84033)11/12/1999 4:23:00 PM
From: H James Morris  Respond to of 164684
 
Ike, this was my Xoi/Xvi trade today. One week ago the 60 was worth only 15, and I paid 47 7/8. We all should be grateful for this mania. Do you know Wall Street has created a society that no one has to work anymore? Unless they want to.
<<Bid: 60 High: 60
Ask: 63 Low: 60
Open: 60 Close: 47 7/8
Last: 60 Change: +12 1/8
Days To Exp: 8
Open Interest: 5
Volume: 5
XVI NOV 460 CALL>>


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