MKT:Options "FAT TAILS"

[Donald Thompson <detomps@xxxxxxxxxxxxx>]

Dr OEX,

You talked a a couple of days ago. about the existance of the socalled
"FatTails" existant on the "normal" distribution curve.  And the danger
of running into trouble near term..

Do you think anyone has solved for these tails? In a formate similiar
to  the normal distribution curve.  Or is there some other key words out
here that might hint at how to approach the examination of them.

 I guess at a minimum a person should at least look at the places where
they have occured and study the price action surrounding them..


Thanks in advance