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To: waverider who wrote (85341)	11/1/2000 5:59:50 AM
From: Wyätt Gwyön	Read Replies (2) \| Respond to of 152472

Rick, The JAN 100 is pretty far out of the money at this point, so that may have something to do with its stability. After all, underlying would now need to gain 50% in 3 mos. just to reach the strike price, and this is not 1999. So that strike might not be the best barometer of options volatility. Instead, keep an eye on the 65- or 70-strikes for different months, and whether those prices change before/after earnings. Here is an example of JDSU's recent action> Message 14672993 JDS Uniphase (JDSU - Nasdaq, JDU - TSE) View Replies (1) \| View Next 10 Messages \| Respond \| Previous \| Next To: Stock Operator who wrote (13592) From: SJS Friday, Oct 27, 2000 9:42 AM ET Reply # of 13822 Sucking out the vol..... Those that wrote calls into the earnings event are well rewarded for their efforts. The implied volatility on the Nov 90/95 and some higher calls went from a "before" earnings implied vol of 126 to a now 87. That's why the stock is UP 9, and the Nov call options at 95 are down. I sold calls at 4.125 and now they're 3.125, with the stock up 9. Steve