To: donald sew who wrote (51857 ) 9/9/1998 3:45:00 AM From: MonsieurGonzo Read Replies (1) | Respond to of 58727
RE:" CBOE:LTX.X - Latin 15 Index Options " This is a sleepy little derivative buried on the CBOE site. The LTX.X closed at 86.25 today, and the nearest strike is 100; there are no strikes below 100 or beyond October :-/ The index composition is designed to this formula : 35 % Brazil 30 % Mexico 17.5% Argentina 17.5% Chile The index components are as follows : weight 11.67% BZL - Brazil Equity Fund (Brazil) 11.67% ARA - Aracruz Celulose (Brazil) 11.66% BZF - Brazil Fund (Brazil) 5.84% TAR - Telefonica Argentina (Argentina) 5.84% YPF - YPF Sociedad Anonima (Argentina) 5.83% AF - Argentina Fund (Argentina) 5.83% BSB - Banco Santander (Chile) 5.83% CTC - Compania de Telefonos (Chile) 5.83% EOC - Empresa Nacional Electric (Chile) 5.01% TMX - Telefonos de Mexico (Mexico) 5.00% ELM - Empresas la Moderna (Mexico) 5.00% GTR - Grupo Tribasa (Mexico) 5.00% KOF - CocaCola Femsa (Mexico) 5.00% VTO - Vitro Sociedad Anonima (Mexico) 4.99% TV - Grupo Televisa (Mexico) For geo-market benchmarks in USD, there are these funds : EWW - Mexico WEBS BZF - Brazil Fund AF - Argentina Fund CH - Chile Fund These funds do not have options; however, there are options for the Mexican Bolsa, and digging around may find options for other LatAmbolsas . AMEX has a LAT.X index, but I can find no data on it. Some of the 'popular' LatAm telecoms, (like TBR) have silly PREMs; but there are some other sleepers (like UBB) that the herd doesn't trade much, and their options are more normal-looking. LatAm appears to be somewhat sensitive to JY98Z Yen/USD futures; it is also, by and large, a commodity-driven region. LatAm was treading water today, despite the record DOW. Some banks are issuing new paper at very high rates in a last-ditch effort to defend their pesos. -Steve