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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Oeconomicus who wrote (16731)4/17/1998 10:17:00 AM
From: RWS  Respond to of 94695
 
What about a 500point down day on the Dow? Could happen, so it's the odds, IMO.

Looks like wave B of 2 ended and we are now building wave C of 2 before 3 down. I don't have much confidence that C will get past 1112.

RWS



To: Oeconomicus who wrote (16731)4/17/1998 10:33:00 AM
From: ratan lal  Respond to of 94695
 
RDB

THats something even i dont understand.Thats why i traded OEX wheer the Put premium is only 1/2.

ratan



To: Oeconomicus who wrote (16731)4/17/1998 12:11:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) | Respond to of 94695
 
I ask your question on TSO
because it is a good question
and here is the response I got

Message 4099495

btw I also asked how they calculated the value at expiration on SPX because I dont know that either....

he thought it was opening prices but he didnt know for sure...

it is something like that..and I remember seeing what they use if something doesnt open up by a certain time...but dont have a clue where I saw that...maybe on the CME site...



To: Oeconomicus who wrote (16731)4/17/1998 12:24:00 PM
From: Marq Spencer  Read Replies (1) | Respond to of 94695
 
Bob,
>>OK, you option gurus, answer this. Why would anyone be willing to pay me a full point at the close yesterday for my SPX April 1100 puts? <<

I'm not complaining either, but someone paid me a full point for April 1090 puts at 3:50 pm! It is possible that someone had written these for much higher premium (say $4) just a week ago, and they didn't want to risk the gains that they had.

- Brian.