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To: At_The_Ask who wrote (255051)8/11/2003 3:31:53 PM
From: Tommaso  Read Replies (1) | Respond to of 436258
 
They only seem to go out to next June, but I have an order in just to see if my broker will take the order and to see what happens. If I get them, I will be the first person to own them. Just a small order of the 62.5 calls for next June. I sure hope I got it straight and that calls bet on RISING interest rates and puts bet on FALLING interest rates, but that is what the info said. These are derivatives on interest rates and not on bond prices which are, of course, the inverse.

My order is now open and very near the asking price, but no action. Sometimes these small option orders just do not merit anyone's attention, especially when the option has never traded.

But at least the order did go through even if it is not executed, so the symbols work.