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To: Chris who wrote (10486)	6/17/1998 4:02:00 PM
From: AlanH	Respond to of 42787

Watch what happens to SPX from 4:00-4:15.

To: Chris who wrote (10486)	6/17/1998 4:03:00 PM
From: Electric	Respond to of 42787

Chris, GAP? Why? technically or other reasons?

To: Chris who wrote (10486)	6/17/1998 4:25:00 PM
From: AlanH	Read Replies (1) \| Respond to of 42787

Chris, No candles 'til next Friday -- I'm off to a friend's wedding (and pre-celebration). The earlier post on "watch SPX...4:00-4:15" should be interpreted to mean, "watch the Jun options contracts and volume." My guess (well, it's more like a bet since I now just purchased calls) is that the mkt will be up nicely tomorrow AM. I'll close before COB -- from an airplane if need be. I'll establish a short on Monday against OEX calls; the idea is to take advantage of post-expiry effect and reduced volatility. (Incidently, IMO non-hedged OEX, SPX options positions are at premium risk toward the end of next week. duh!) Have a great Friday!