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Pastimes : Ask da_cheif -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (3263)	7/15/2001 1:29:51 AM
From: Moominoid	Read Replies (1) \| Respond to of 8150

The NAZ needs to get over 2300, I don't know if it will before another big sell off tests the April lows, at least.....BWDIK That's my break-even price? I guess that makes sense, as I figured when I bought I needed 2088 on NDX if I held to expiry. But there is an odd wrinkle here as the exercise price is in USD and the premium is in AUD there is also a currency bet involved. That only comes into play in computing the profits if the NDX gets above 2000. The guys who issue these things (they are warrants issued by investment banks and traded on the main exchange here not the options clearing system) are probably big players in the overnight Globex market I would guess.? David