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To: ratan lal who wrote (39537)	4/14/1998 1:59:00 PM
From: Nemer	Read Replies (2) \| Respond to of 58727

Ratan: >>>>>>APRIL ??<<<<< Yes sir. My index purchases and sales are for the most part very short term propositions.. I'll buy even on day of expiry.....ggg For example, right now on this edit at 2:02 EDT SPX is trading at 1114.77 my target is 1116 and my stop is 1114 but I will sell out before close today. to hold down the number of post, I add to the bottom of some of my posts--- you asked what I paid for 535 Calls OEWDG answer 4 1/2 or 4 5/8----depends on the fill and I've not checked with the broker and he hasn't called because he and I both know that I'll be out quickly.....and I'll make the trade based on SPX price, not the price I paid for the OEX..........it all averages out because some times I pick up 1/8 and sometimes I lose 1/8 but the deal is done based on SPX--- hope that doen't confuse you and the issue .... Regards----Nemer