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<B><FONT SIZE=+3>Hi</FONT></B><B><FONT SIZE=+3></FONT></B>
<P><B><FONT SIZE=+3>Please UN subscribe me from the Email list.</FONT></B>
<BR><B><FONT SIZE=+3>I can not handle that much Email.</FONT></B><B><FONT SIZE=+3></FONT></B>
<P><B><FONT SIZE=+3>Thanks</FONT></B><B><FONT SIZE=+3></FONT></B>
<P><B><FONT SIZE=+3>Efi Hecht</FONT></B>
<BR><B><FONT SIZE=+3>efihecht@xxxxxxxxxxxxxxxx</FONT></B>
<BR><FONT SIZE=+4></FONT>
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</x-html>From ???@??? Sun Aug 30 13:44:35 1998
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Date: Fri, 28 Aug 1998 21:02:35 -0700
Reply-To: dbtg@xxxxxxx
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From: "dbtg" <dbtg@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Last bounce, 50 minutes left, Sell, Sell, Sell
X-To: <riskrewarded@xxxxxxx>,
"RealTraders Discussion Group" <realtraders@xxxxxxxxxxxxxx>
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I agree with your basic point re:volatility's huge influence on option
price.
But, the VIX closed higher today! Seems like the closing option prices on
Thursday reflected the fact that the SP futures closed at a substantial
discount to the cash. I was taught to look at the SP futures as the major
determinant on OEX premiums, except near expiration.
Other than that, I know not why.... maybe option buyers
decided the premiums were too high & they organized
themselves into a union and called a strike (intended).
Nevertheless, this type of option pricing suggests a
change in attitude, which might just be an indication of
an end to the downside, at least temporarily. I put more
importance to the above than the 'oversold' indicators.
Just as the market soared a few thousand points while
being in a perpetual state of 'overbought', it can do the
reverse in a few weeks or months of oversold condition.
-----Original Message-----
From: Martin Coffey <riskrewarded@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Friday, August 28, 1998 2:21 PM
Subject: Re: Last bounce, 50 minutes left, Sell, Sell, Sell
>Gary,
>Today should give you some idea as to the importance of volatility in the
>options markets, as many experienced players have been telling you.
>Your OEWUC contracts were down on the day today, by 1 1/2, despite the
>fact that the underlying OEX, made an 8 point move in your desired
>direction.
>I, for one, shall pay more attention in future.
>Good luck to you.
>Martin.
>
>khanitha wrote:
>
>> Here it goes!!!!
>> Who the heck is getting long now? dow down right now, 50, no 60, no 70
>> (i must send this now........)
>> ENJOY the ride down, and have a GREAT weekend
>> Gary
>> Hawaii
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