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To: sandstuff who wrote (41459)12/17/1998 1:18:00 PM
From: Carl Held  Respond to of 53903
 
Cheating on options.....
by: jjsiu 17768 of 17769

I read yesterday either in the CBS Marketwatch options column or the WSJ options write up that ONE bettor went in on Tues. and purchased 2,000 dec. 50 calls at 5/8, which the writer called very aggressive and perhaps overly optimistic given that options expire Friday. Today more than 4,000 dec. 50 calls have traded, after rising 2 bucks a pop. thats a tidy 200% profit in two days. Gee, what good luck that person had.