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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (50219)	8/19/1998 9:11:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 58727

First I have never traded index options. If I trade SPX or OEX options and get stuck with some "in the money" and have to exercise them (probably wouldn't happen but want to understand how it works), how would this be settled. I obviously am not going to buy every stock on the index, I could see buying Spiders for the S&P but doubt that is how it is done etc. How is this settled on Saturday. Is it a cash only deal or what is required on my part and the call or put sellers part should I decide to exercise. Also, I am trying to build a new data base of the smaller indexes. Does anyone know where I can get historical data on them? I tried tradepbs.com and it only pulls stocks. When I try to get indexes it only gives me one days worth. The NASDAQ home page has data on the NASDAQ but none of the smaller NYSE data. I will be using it in an Excel spread sheet so text, hypertext or ASCII will work. Thanks in advance Lee

To: Gersh Avery who wrote (50219)	8/19/1998 9:48:00 AM
From: donald sew	Respond to of 58727

Gersh, The market has only been open 15 minutes, and the DOW, although up, is really not showing the strength which the futures were implying. Still too early to tell, but it does appear, so far, that there are some signs of weakness, even in light of PRINCESS MARIA emphatically saying earlier "VERY STRONG RALLY". Seeya

To: Gersh Avery who wrote (50219)	8/19/1998 9:55:00 AM
From: donald sew	Read Replies (1) \| Respond to of 58727

Gersh, forgot to mention in my earlier post that I saw something that may imply weakness for the rest of the day. At about 9:42 the DOW was heading up and over 20 at that time, but in the next few minutes it started heading dow already. Dont really think it was just the opening of some issues, since it was a bit slower. Also for this morning, the highest the TICK got so far is 269 and normally the opening TICK if the market opens up is higher than that. Lets see if my CLASS SELL works and 8750 range holds. Seeya