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Non-Tech : FIRST PLUS FINANCIAL GROUP[FP] -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (380)	9/18/1998 1:50:00 PM
From: Emec	Read Replies (1) \| Respond to of 1090

Off Reuters. Mentions FP. I wonder if this is manipulation to post info on a stock? U.S. OPTIONS/VIX recedes ahead of options expiry Reuters Story - September 18, 1998 13:29 CHICAGO, Sept 18 (Reuters) - Implied volatility on S&P 100 options receded in the early going on Friday after a choppy morning session and ahead of this afternoon's expiration of index and equity options. Yet traders said they were not expecting expiration to have a big impact on the market at the close. "Over 15 triple-witching expiration days, 10 have closed positive and five have closed lower," said Jerry Hegarty, chief analyst with Cape Market Research and editor of Hegarty's Options Navigator. "The most significant result has been the overall total lack of volatility," he said. "Expect that lethargic trend to continue today." By 1018 CDT/1518 GMT, the OEX was down 0.41 point to 493.94. The Market Volatility Index , which measures implied volatility of several strikes on OEX options, eased 1.82 points to 40.51. "Volatility is high going into expiration.... I think it might shrink a little bit next week," said Scott Fullman, chief options strategist with Swiss American Securities. A handful of takeover rumors in the market drove activity in some individual stock options. Among them were FirstPlus Financial Group , whose options volatility jumped to about 130 percent in brisk trading on talk that a deal was imminent and would likely be priced around $30 per share. The Dallas-based financial institution said last month it had begun discussions with potential acquirers and had retained advisers to assist with evaluating offers. A spokesman for FirstPlus declined to comment further. The stock was up 1-3/16 to 21-1/2.