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To: Don Westermeyer who wrote (1079)	12/30/1997 11:41:00 PM
From: Oeconomicus	Respond to of 164685

Don, cboe.com should meet all your needs. Education, quotes. They even have an option calculator where you can play with the volatility, interest rates, whatever to see the effect on the theoretical value (it's a Java program and, for some reason, I can't get any to run lately, not even ETrade's). When you're ready for an advanced read, Cox & Rubinstein's Options Markets*. Seriously, you might also try to find an article from Futures Magazine, June 1984, "19 option strategies and when to use them" by Degler and Becker. Bob

To: Don Westermeyer who wrote (1079)	12/31/1997 4:02:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 164685

Don, to follow up on yesterday's option activity, 500 July 40 calls traded today at $23. Open interest was only 78 contracts at yesterday's close, so this is a new position. BTW, on the April 40s that traded 1,940 yesterday, the open interest rose by 1,910 to 3,565. That's over $7 million of option premiums on $21 million of stock. HNY!! Bob PS: Did you notice the spread on AMZN today? Spent most of the day at 3/4 to 15/16 between the bid and ask. Go ahead MMs, lift that ask. If some fool hits it, too bad for them. If not, you can trade a few shares among yourselves to make your fund manager buddies look better at year end.