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To: ViperChick Secret Agent 006.9 who wrote (33996)	1/24/1998 12:23:00 PM
From: randy kay	Read Replies (1) \| Respond to of 58727

Lisa/all, I could use some help on this but I watched a bit of CNN last night and Hillary is supposed to 'stand by her man' sometime this week, I think she might be cancelling a previous engagement to do it (dinner with Fabio or something like that), anyway, I thought I heard she would deliver WED. but I'm not sure. Anyone know anything about this? It sounds dumb but it could be important, frankly I can't seem to follow this story because I find it so retarded. Randy

To: ViperChick Secret Agent 006.9 who wrote (33996)	1/24/1998 3:02:00 PM
From: donald sew	Respond to of 58727

Lisa, If the market was to follow the technicals, there should be downward contiunation for the next 1-2 days, which would fit right in with your Jan 28 up market. As I said before, just nervous on the strength of the NAZ which should have been down more. Maybe the NAZ will buckle under if the downward pressure of the DOW is still strong. Seeya

To: ViperChick Secret Agent 006.9 who wrote (33996)	1/24/1998 8:16:00 PM
From: MonsieurGonzo	Read Replies (2) \| Respond to of 58727

Lisa; RE:" Call Ratio BackSpread " UNDERLYING: CAT LAST: 45-1/2 DIV.YIELD = 2.2% P/E = ~10 DJIA-30 component; Supports: 45, 40 +/- 1-1/2; Morning Star 20-JAN; Just beat FirstCall Earnings; PEG reduced because of Asia. TACTIC: Diagonalized Call Ratio BackSpread EXECUTION: Sell 1 CATBH FEB 40 CALL @ 5-1/2 (5-1/2 x 6 ASK) Buy 2 CATEJ MAY 50 CALL @ 1-7/8 (1-5/8 x 1-7/8 ASK) + $550 credit for 1 CATBH FEB 40 - $375 debit for 2 CATEJ MAY 50 ---------------------------------- + $175 net credit of position {delta neutral} CHARACTERISTICS: Profit limited on downside (to net credit taken in when position is taken) but, open-ended in rally. CAT Price At Profit On Profit On FEB Expiration 1 CATBH 40C 2 CATEJ 50C PROFIT -------------- ----------- ----------- ------ 35 + 550 - 375 + 175 36 + 550 - 375 + 175 37 + 550 - 375 + 175 38 + 550 - 375 + 175 39 + 550 - 375 + 175 40 + 550 - 375 + 175 41 + 450 - 375 + 75 > 42 + 350 - 375 - 25 43 + 250 - 375 - 125 44 + 150 - 375 - 225 < 45 + 50 - 375 - 325 46 - 50 - 175 - 225 47 - 150 + 25 - 125 > 48 - 250 + 225 - 25 49 - 350 + 425 + 75 50 - 450 + 625 + 175 51 - 550 + 825 + 275 52 - 650 +1025 + 375 53 - 750 +1225 + 475 54 - 850 +1425 + 575 55 - 950 +1625 + 675 ...just an exercise; Interesting tactic, the Call Ratio BackSpread. -Steve