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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Electric who wrote (37750)	3/30/1998 2:32:00 PM
From: Patrick Slevin	Respond to of 58727

Yes, the PREM is the difference between the Futures and the cash. The symbol from most providers is @PREM or $PREM. Also, if your software allows, you can set up your own symbol and create PREM. Just find a symbol you want to call PREM and define it as the difference between the Future contract and SPX. I don't know what the hell CNBC calls it. (I don't mean to appear abrupt but I'm in a rush. I honestly don't watch CNBC.) Um, Um, Um,,,,,,<Is that the number that indicated program trading as per whatever the number is for the day or whatever is known by the pit?> Same answer....I don't know what CNBC is using. <Do the programs hit everytime that the PREM gets to the point to trigger? So it could be hit many times intra-day, and could be monitored by watching the S&P..> No. Programs do not always "hit" because thresholds are crossed....it's just a high probability play that they shall be. < the pricing isnt very accurate since right after the sell (or buy) is done,> If you watch PREM, it often nosedives when sells come in. Sorry, gotta go. Perhaps we might continue this after tonight's game. I'm booked up pretty solid for the next umpteen hours.