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To: marc chatman who wrote (25212)	7/6/1998 9:02:00 PM
From: Big Dog	Read Replies (2) \| Respond to of 95453

Anyone have a link for after hours oil prices handy?

To: marc chatman who wrote (25212)	7/6/1998 10:07:00 PM
From: Ken Robbins	Read Replies (1) \| Respond to of 95453

SLB held up comparatively well today. With the other OSX stocks down between 2.4% and 6.7%, SLB was off only 0.5%

To: marc chatman who wrote (25212)	7/7/1998 10:06:00 PM
From: Alias Shrugged	Respond to of 95453

Marc With GLM at 19-3/4, I bought July 17 1/2 puts for 1/4. With CDG at 36-37, I bought July 30 puts for 3/8. I hope to sell these by next mon/tue. These stocks will probably rise the last day or two prior to the July options expiring, as all the short players cash in. I will buy more puts on this expected rise. If these stocks continue (or start to) rise after options expiration, I will probably buy a few more puts (all near-term). Besides the obvious, Puts can also be used to enter risk-free long trades. I have been buying cheap, near-term, out of the money puts. IF the stock declines to the strike price, you can long 100 shares for every 2 contracts. The position will likely be profitable regardless of direction of stock movement, at a cost of 1/4 to 1/2 per share for the initial puts. Good Trading Mike