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To: kash johal who wrote (1615)	7/20/2000 2:00:31 PM
From: ptanner	Respond to of 275872

Kash, Re: Open Call/Puts Thanks for the numbers. They are the same (as far as I checked) with those provided by Chung Lee's Link to askresearch. The spreadsheet is created so future calculations will just be some data entry -- but it would appear the websites are providing the same answer: potentially a lot of downward pressure. I would have figured yesterday's earnings would have sloped the graph so the marble would roll to a higher number, perhaps $85 will be the target rather than $80 (essentially level from $75 to $80). EDIT: #Calls Open = 86,618, #Puts = 37,989 -PT