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To: Glenn D. Rudolph who wrote (17716)6/18/1998 2:21:00 PM
From: Mr. E2u  Read Replies (1) | Respond to of 45548
 
Will we punch through $27 1/2 resistance? I doubt it but I'm loving my jan 99 calls which I averaged in at $1 3/8 (45 contracts)...now ask is at $2 15/16.

Does parity have anything to do with this? I posted this 2 hours ago......

<<FWIW June option parity is at $30 which means that $30 is where most calls and puts would expire worthless. DON'T flame me! I'm not saying we will hit $30 by expiration tomorrow but I do believe it will work for us more than if parity was at $20. BTW we just shot up to real time $26 5/16....SEE IT'S WORKING (GGG)!! >>>

Regards
Brad