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To: velociraptor_ who wrote (13529)	9/13/2001 5:30:06 PM
From: UnBelievable	Respond to of 209892

Big Money Writes Options - They don't buy them Which is one of the reasons nothing will be done.

To: velociraptor_ who wrote (13529)	9/13/2001 6:02:01 PM
From: The Freep	Read Replies (1) \| Respond to of 209892

Those who hold options and watch the time value seep away are more victims of these terrorists, though clearly in a less devastating way than any more directly impacted by the physical toll of this tragedy. Those who watch their freedoms chipped away similarly are victims. All among us who have trouble sleeping. . . who look to the sky when we hear a noise. . . who start suddenly when a siren blares. . . are all victims. In the case of options, you can rail against "big money" all you want but, meaning no disrespect, that's a horrifically cynical view in light of what has happened to a large part of the financial community, both in terms of the human toll and the infrastructure. The destruction is unprecedented in the US. A friend of mine just back from a walking tour of the devastated area says "there is so much debris piled around the NYSE building, that I don't believe a Monday opening is realistic." I suspect a way will be found to make it realistic. Still, this is not a case of the big guy against the little guy. Such a view is far too solipsistic. And, of course, as I know you all realize, those who hold options are aware of the risks associated with them. Time sensitive instruments are always a gamble, and I say that as one who has gambled and lost on more than one occasion. the freep