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To: Thean who wrote (5090)	11/4/1998 5:24:00 PM
From: drsvelte	Respond to of 14427

November 17th

To: Thean who wrote (5090)	11/4/1998 7:45:00 PM
From: SJS	Respond to of 14427

Thean, FOMC, pretty sure, starting on Nov 17. I'll look tonight at AVEI as you asked...

To: Thean who wrote (5090)	11/4/1998 9:03:00 PM
From: waverider	Respond to of 14427

FED meeting on the 17th. I say Al will NOT cut. <H>

To: Thean who wrote (5090)	11/4/1998 10:37:00 PM
From: SJS	Respond to of 14427

Description Bid Ask Last Volume OI Time Value Implied Volatility Delta Gamma Vega Theta Rho C NOV98 35.0 GQZKG 1.250 1.500 1.375 980 6502 1.375 0.74 0.42 \| 0.0734 \| 2.8160 \| -0.4427 \| 0.5836 - - ______________ Alot of OI, with decent volume today of 980, very much higher than either the 30's or 40's. Why do a buy write here? Just to capture 1.375/share, plus appreciation? What's your downside risk? Implied Volatility is .74. Delta is .42, meaning a 1 point stock move results in a .42 move on the option. 7 day Theta of .44 tells you how much the option points will decay in 1 week if the stock price stays about the same. Write December for more premium...and return. I can't determine how the 980 traded (I have no time and sales data...) Regards,