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To: John Graybill who wrote (3120)7/11/2000 3:22:24 PM
From: John Graybill  Read Replies (2) | Respond to of 436258
 
Gonna be a dump into the close, folks. My most reliable indicator -- getting a "great fill" on an option -- just went off.

Aug 50 NSM puts were 5 1/2 x 5 3/4, I put in a sell at 5 3/4, and it hit. These are fairly illiquid (volume today before my order was 25), so the only person buying those at 5 3/4 would be the guy on the floor. And he never buys them from the customer at a "great price" unless he knows he's keeping the customer from getting an even better price later.

Still have a few for him at the close though. -g-

(edit at 15:31 -- big blocks of everything in the world are being bought in Chicago right at 3:30, forget it, I ain't selling the rest until I get a better price than I got on the first bunch)