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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Thean who wrote (8948)	1/21/1998 8:00:00 AM
From: Snowshoe	Respond to of 95453

FOCUS-Saudi will not act alone to support oil market biz.yahoo.com

To: Thean who wrote (8948)	1/21/1998 10:52:00 AM
From: bw	Respond to of 95453

To: Thean who wrote (8948)	1/21/1998 2:10:00 PM
From: Ken Robbins	Read Replies (1) \| Respond to of 95453

Made my first foray into day trading starting week before last. Bought OSX puts once and OSX calls three times before closing the last this morning because of a weak general market. Made a good profit on the first three trades and took a small loss on the last. Selected slightly in the money (or nearly) strike prices. However I found that the time premiums eroded very rapidly as the OSX price moved away from the strike price. I have traded options on stocks, although not on a day basis, and never noticed such premium erosion before. Can you or anyone comment on this?