Re: [RT] Early close for stock index futures

["Don Roos" <rosewood@xxxxxxxxxxxx>]

Don:

Thanks for the info: I can only say that I would be mad as hell if I owned a
1170 call and the market closed at 1177, but some insiders are allowed to
take it down to 1169.2 so my call is now worthless and the call sellers are
happy while the less well healed call buyers are out of dough.

If anyone can reasonably explain this so as to assuage my suspicions about
this apparently mercenary if not illegal activity on Friday's close, by all
means, give it a whirl.

dr

----- Original Message -----
From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
To: "Omega List" <omega-list@xxxxxxxxxx>
Sent: Monday, April 02, 2001 10:12 AM
Subject: Fw: [RT] Early close for stock index futures


Don R./Matt
The stock index futures at the CME now close early at 4:05 ESTthe last
trading day of the month, in this case Friday March 30, for monthly fair
value settlement. This occurs each month now.

The difference may be the close at 3:05 versus the settlement price?
don ewers