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To: Activatecard who wrote (56859)4/21/1999 5:23:00 PM
From: yard_man  Read Replies (1) | Respond to of 132070
 
10,400 = 104
10,000 = 100 or 4 points in the money



To: Activatecard who wrote (56859)4/22/1999 11:16:00 AM
From: Knighty Tin  Respond to of 132070
 
Steve, A Dow 104 strike represent the Dow at 10,400. So, if it declines to 10,100, you would have a 101 strike.

I find this interesting, because I still remember when a rise or fall of 54 points led the evening news. Now, 100 points is a strike price. <g>