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To: Berney who wrote (4320)	10/13/1998 4:44:00 AM
From: MonsieurGonzo	Read Replies (2) \| Respond to of 11051

Berney; RE:" COF " ...well COF's implied volatility is all pumped up for earnings tomorrow. I mean, here it is closing at ~71, and the COFJN - COF Oct 70 CALL is 5.375 x 5.625 ASK. The 75 Strike is near 3, and the 80 is near 2 for goodness sakes... the COFJQ - COF Oct 85 CALL is about a dollar, and damn tempting to just sell naked. OTOH the COFVN - COF Oct 70 PUT is $4+ and one could sell that naked for an effective entry point of 66~67 if "put to". wild ! -Steve