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To: pater tenebrarum who wrote (11896)	8/17/2000 5:12:07 PM
From: Alias Shrugged	Read Replies (1) \| Respond to of 436258

Heinz - Haim and I are talking July 99, not 98. Vix was very low and the bulls logrolled prices right through the option expiration. The following week things started sliding downhill pretty fast. This expiration feels the same, althouigh we are not at "all time highs" like we were July 1999. For the past 5 months, my only strategy is to leg into QQQ credit spreads, both bullish and bearish. If NDX oscillates between 4000 and 3200, I will make money. Uhh, but it sure would be nice if NDX started heading back down real soon. -gg-