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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (9334)	5/7/2008 9:31:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 33421

<dangerous to ever talk to anyone about options, if they don't have a pretty good idea...> I know what you mean, I get options questions every week. Bothers the hell out of me that they have been mostly naked put questions recently. I usually defer & send them along to an Options Spec I know. The math involved in I.V. has always just exceeded my grasp. I'm sure I could do it if I really, really wanted to but options are such a small part of my business that I do not care to spend the time. The fact is, once I get a grasp of what I'm doing it will be months before I need it again. ---------------- Technical question. I used to know the answer to this. What's the change in the crack spread after the summer changeover? They add less butane to the gas, wasn't that part of it? I forget the breakdown of gas to HO et cetera, do you remember offhand? ----------------- As long as we are swapping book recommendations, you might like any of the later books by Ralph Vince on Portfolio Management & Risk Analysis. I had a link to his website, but cannot find it at the moment. Here is a link to some of his books at least, trader-soft.com