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To: Carmine Cammarosano who wrote (10330)	11/15/1997 9:59:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 45548

Chi-X, one think I have never been able to figure out is if the open interest is from investors that bought or investors that sold or is the open interest equally balanced?...I would love to be able to figure this out... Carmine, It does not matter if the option is a buy or sell. Open Interest are all contracts that are open whether short or long. If you buy 10 put contracts, you added 10 to the open interest. No one can close those contracts but you by selling them back to close. Glenn

To: Carmine Cammarosano who wrote (10330)	11/16/1997 1:18:00 AM
From: Chi-X	Read Replies (1) \| Respond to of 45548

COMS open short interest for October was 13,496,042 10/97 13,496,042 09/97 13,190,775 08/97 13,407,274 07/97 15,675,671 06/97 38,864,769 05/97 31,828,139 04/97 17,169,187 03/97 13,259,713 02/97 3,646,763 01/97 5,851,557 The open short interest is from those that are short and haven't covered yet. Anyhow, if you'll look at the above figures, you'll find that COMS tended to increase in price as the short interest increased. Also, note that COMS price tended to decrease the months that short interest was small or declined. Unfortunately, I don't have the figures for this current month when this correction began. Cheers, Chi-X hath Spoken! "There shall be no wine, before its time."