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To: Glenn D. Rudolph who wrote (19194)7/15/1998 1:20:00 PM
From: chenys  Read Replies (1) | Respond to of 45548
 
I did the calculation you did, I guess, and found it time consuming in data input and all spreadsheet maneuvering, which made it desirable for me to have some tools. Whether you are right or wrong, you can only use a basic assumption to form an opinion. I am impressed by the fact that it is so obvious to you, but for me $30 on Friday was my impression until I followed your calculations. The only thing uncertain now is that how much of those calls are long or short. I was told that most of the money made on option are short contracts, does it mean that MMs made all the money from the option "gamblers"? It yes, that is unfair practice and we can sue them for "PRICE FIXING". And we have ample evidences. Just look at AOL, AMZN, etc. They are all the same story -- price manipulation based on option expiration, unless any unexpected adversity happened and these MMs just had to spit out some of their gains!