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

To: Dnorman who wrote (50516)	8/23/1998 12:43:00 PM
From: Lee Lichterman III	Respond to of 58727

Sorry, I am new to trading the OEXs. Hopefully some of our more knowledgable index traders can answer that. I refuse to hold anything over night in this market. When I trade the options, I am in and out usually within minutes and at times even seconds. If I had to guess, my understanding is you would get the closing index minus the strike. In other words 534.19-530=4.19 so $419 pre contract. Bid and ask should have no effect on settlement since the bid was an attempt at arbitrage for the big money that can profit on those slivers. Lee