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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?

To: OX who wrote (1823)	12/2/2000 11:36:36 AM
From: Steve_GTS	Read Replies (1) \| Respond to of 2317

I used callsandputs.com. I checked a few quote services and they are some differences, but all ad up to a gain. I thought the system was desigend so this could never happen! I hope there is enough OI to get filled on Monday

To: OX who wrote (1823)	12/2/2000 5:25:09 PM
From: Dan Duchardt	Read Replies (1) \| Respond to of 2317

OX, except it looks like there were 2 fills yesterday in each put series at 10 contracts each. Not only that, in both cases the sale of the higher priced put preceded the purchase of the lower priced put by a minute or two, obviously the safe way to leg in in case you do wake somebody up in the process. There were no corresponding call transactions, but why bother to lose on that side when you have a stock going up in the face of the recent carnage. There is still time to open a bear spread if it is needed, or to unwind the put spread for a huge profit if the prices correct. I don't know what the options folks do about "clearly erroneous trades", but I would not be surprised if whoever got these transaction has some busted trade notifications on the way. An interesting thing is that the same pricing anomaly is in the January and April series also, with some recent trades. Maybe somebody has been quietly grabbing these up for a while. The secret is out now <ggg> I don't see any July options. Shouldn't those be open now? Dan