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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Lazlo Pierce who wrote (24011)	6/12/1998 5:50:00 PM
From: rocklobster	Read Replies (1) \| Respond to of 95453

Option play for Monday for all who are interested OSX OPTIONS. OSX options expire next Thur. and it has not been unusual for the OSX to make a 10 point + move in one direction or the other. There is very littly premium left in the June contracts both puts and calls on Monday. In January, with the OSX at 88 on monday afternoon. The Jan 90's were selling for a buck $1. Those same Jan 90's were worth over $10 ten bucks by the following Thursday 3days later. That's a 1000 % return for 3 days effort. Maybe buying a put contract and a call contract and looking for a big move in either direction would be a good strategy. Just an idea FWIW. I may try it or just go for one or the other on Monday depending what the weekend holds. Later, Richard