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To: Patrick Slevin who wrote (47129)7/1/1998 1:42:00 AM
From: sergio  Read Replies (1) | Respond to of 58727
 
Can anyone confirm the large (9000 contracts each) on the LEH
Jul 40-50 call spread (exactly 10 pts diff, 38-28 pts spread)
and did similar on Jul 50-40 put spread for 1/16? Is this
person expecting LEH to crater? If it doesn't his losses is
only a 16th.
My assumption is the calls were sold for credit and the puts
were debit.

Sergio

P.S. Patrick, not posted to you directly, just coincidence.



To: Patrick Slevin who wrote (47129)7/1/1998 2:12:00 AM
From: ratan lal  Read Replies (2) | Respond to of 58727
 
clear as a whistle. Thats why I said "it must be the differnece between the american (New jersey, if you will) english and the queens (california??) language. Have another round of golf and relax. You are among friends here and no one os going to steal your 20, YOU KNOW.