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<DIV><FONT color=#000000 size=2>IM on a quest to incorporate OPTIONS into my 
trading, so would like option traders opinion on this strategy, </FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
<DIV><FONT color=#000000 size=2><FONT color=#000000>IM </FONT>long 1 futures,- I 
sell 1 CALL&nbsp; 2or 3 strikes out</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
<DIV><FONT color=#000000 size=2>futures goes up , IM making 
$$,,&nbsp;</FONT></DIV>
<DIV><FONT color=#000000 size=2>&nbsp;NOW&nbsp; when would be a good time to get 
rid of the CALL???</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
<DIV><FONT color=#000000 
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
thanks in advance,, GOOD TRADING</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
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</x-html>From ???@??? Wed May 12 14:48:20 1999
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Subject: Option Premiums
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<DIV>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; Hi RT's,</DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recently a friend was 
discussing option trading and asked if the premium of an option can ever be 
greater than the value of the underlying.&nbsp; My immediate answer was no, 
because of the leverage involved an option will always sell for a fraction of 
the underlying.&nbsp; He replied "But what about the time value?"</DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; This started me thinking.&nbsp; Can 
there ever be an option&nbsp;deep enough in the money, with enough time value 
that the option's premium is greater than the value of the underlying?&nbsp; I 
suspect it might happen with Leaps, possibly stock options, but never with 
options on futures.</DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; Perhaps the good Dr. OEX or other 
RTer can answer this.</DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
Good luck and good trading,</DIV>
<DIV>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; 
&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; 
&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; Ray 
Raffurty</DIV></BODY></HTML>
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In a message dated 5/12/99 7:46:59 AM Central Daylight Time, chmeyer@xxxxxxxx 
writes:

<< I'm no rocket scientist, especially as it relates to quant skills--
 but isn't it silly to consider this a valid sample base; and size? >>

I totally agree. At the risk of getting the administration mad at me I'd like 
to point out a few things about astrology. The purpose of  this post (along 
with educating the group) is to speak for the many frustrated real 
astrologers when they see people draw conclusions based on sun signs alone. 
That is not how it is supposed to work.
I've put the rulership or meaning of terms in parenthesis so non astrologers 
can follow along.

My sun sign is in Cancer and Cancer rules, commodities. My moon is in Leo 
which rules, games, gambling, and risk taking. This in itself does not make a 
commodity trader, otherwise Ringo would be a trader instead of a famous 
drummer. The birth chart with all the planets and signs must be viewed as a 
whole. Interpeting the chart is more of an art, not a science, if it is 
anything at all. There must be many indications in the same chart to indicate 
an inclination.

I also have Cancer(commmodities) ruling my 10th house(career) and the 
moon(commodities) in my tenth house(career). Uranus ruler of my 5th 
house(games, gambling, risk) in my 10th house(career), conjunct(within 10 
degrees)my moon,ruler of my 10th house (career).

My Sun trine(120 degrees) Saturn, according to "Planets in Aspect" by Robert 
Pelletier might lead to market speculation. Pluto conjunct(2 degrees) Jupiter 
according to Pelletier "may lead to recognition in fields such as sports, 
research and exploration, or even gambling in which the risks are high and 
the dangers tantalizing". ( I used to race motorcycles)

Could you look at the chart of Elvis and say this is the King of Rock and 
Roll? No.
but the desire to sing is indicated.

The above isn't meant to prove anything and if someone thinks astrology is a 
bunch of b.s. that's o.k. Somtimes I also think it is b.s. A sun sign survey 
can be fun it just shouldn't be misunderstood as an accurate test of 
astrology. I just think astrology is a fascinating subject to play around 
with even though I havn't done so in 15 years.

If any trader/astrologers out there have natal charts on any famous traders 
could you please e-mail the signs and numbers to me privately. It would be 
fun to see a chart of say Tom Baldwin, Linda Raschke, or the late  
Charlie D' .

Todd