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Thanks,
hey, even buying at 1 and selling at 4 is not bad for 3 hours.........
gary
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> From: BobRABCDEF@xxxxxxx
> To: charlie@xxxxxxxxxx; realtraders@xxxxxxxxxxxxxx
> Subject: Re: crazy oex thought..5k to 85k in 3 hours???
> Date: Saturday, August 22, 1998 12:53 PM
>
> Is this what you are looking for.
> BR
>
> In a message dated 98-08-22 18:39:01 EDT, charlie@xxxxxxxxxx writes:
>
> << Subj: crazy oex thought..5k to 85k in 3 hours???
> Date: 98-08-22 18:39:01 EDT
> From: charlie@xxxxxxxxxx (khanitha)
> Sender: owner-realtraders@xxxxxxxxxxxxxx
> Reply-to: charlie@xxxxxxxxxx
> To: realtraders@xxxxxxxxxxxxxx (RealTraders Discussion Group)
>
> 5 or 6k to 85k in 3 hours?
>
> when there was 3 hours left of trading on friday and the oex was around
525
> or so,
> remember? well, considering that the aug options expired in 3 hours,
how
> much was the 530 aug calls????
> I seriously just thought of this 5 minutes ago, so i need someone who
has
> oex charts to help me out........
> I wish i would of thought of this, and just called the broker with 3
hours
> left. Would he of said it's 5 points out of the money and their is only
3
> hours left, it's an eighth offered at a quarter????? again, i have no
> idea, but could that be close??? ok, to buy at a quarter
> would be $25 divided by 5k is, 200 contracts plus commision (1k?!).
> again, if you look at trin thing over 4.00 and you felt there would be
> short covering in the market and went for it, buy 200 at a quarter, sell
> M.O.C. which turned out to be 534.25
> or 17 times your investment!!!!!(if it was an eighth by a quarter?)
> again, this only happens 12 times a years, and maybe once or twice this
> opportunity may arise, if that.
> BUT, if you were totally "in tune to the market" on friday, WOW what a
pay
> off?!
> HELP, anyone have charts from friday, if so , what was the 530 aug call
> with 3 hours left?............
> gary
> hawaii
> >>
>
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