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To: Tenpole who wrote (10702)	7/17/1998 1:36:00 PM
From: Jan Crawley	Respond to of 164684

That's what I am trying to figuring it out. 1. Time value will be reduced next week? not likely. The July ones will have to be exercised or closed today or during the weekend. 2. As I remember, last month this time, July's call options were very active--As I was closing(paying) for my uncovered June calls. I wish that I was more experienced then, One could have smell the waves with those calls. 3. I clearly remember that someone(S) opened 800 contracts for July 80 for over $8 premium just like that. I was looking at them and wondering why?! How stupid was I. Jan