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To: Gary Korn who wrote (37645)3/4/1998 9:20:00 PM
From: Sowbug  Respond to of 61433
 
I'm putting in $300 for a-speculatin' tomorrow, with limit orders for March Intel calls as follows:

4 80s @ 3/16
3 75s @ 1/4
2 70s @ 3/8
1 65 @ 3/4

This is like some sick Martingale betting scheme, but if any of them hit and there's any sort of bounce in INTC in the next two weeks, I ought to do fine.



To: Gary Korn who wrote (37645)3/4/1998 9:20:00 PM
From: Jeff Jordan  Respond to of 61433
 
Gary,

also easier to remember this way:

"E" = 11. So 23:E = 23 11/16 E= ELEVEN/16TH

"T" = 13. So 23:T = 23 13/16 T= THIRTEEN/16TH

"F" = 15. So 23:F = 23 15/16 F=FIFTEEN/16TH

Jeff



To: Gary Korn who wrote (37645)3/4/1998 9:21:00 PM
From: Mike McCauley  Respond to of 61433
 
Thanks Gary... It helps a lot.



To: Gary Korn who wrote (37645)3/4/1998 9:50:00 PM
From: Mike McCauley  Read Replies (1) | Respond to of 61433
 
Gary... another aftermaket question(s)...

It appears that the last trade was at 5:13, 300 @ 33. Then at 5:22 there are 5 lines. On these lines I'm assuming A=Ask, B=Bid, L=aftermarket Low, H=Aftermarket High, and I don't know what the T is for on the third line.

Why would the last trade be at 33 and then the final ask and bid respectively be 34:9 and 34.4? Am I interpreting this correctly?