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To: Gary E who wrote (12082)1/8/1999 9:39:00 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 44573
 
It's just an observation this fellow made; there is also a small part on market statistics with regard to OI and how options are closed out and so forth but if I posted it, it would be out of context and would only serve to confuse.

The fellow is very skilled, by the way, and although I get a ton of e-mail I always check his stuff as soon as I see it come in. It's never a message where he suggests a trade; it's background information that lends on an insight to the way the CBOE "thinks".