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<DIV><FONT face=Arial size=2>That's it, FLEX options. Those are the ones
FNN or CNBC used to attribute large moves to on the last trading day of a
quarter. </FONT></DIV>
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style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
The DOCTOR
</DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:bobrabcd@xxxxxxxxxxxxx" title=bobrabcd@xxxxxxxxxxxxx>BobR</A>
</DIV>
<DIV style="FONT: 10pt arial"><B>Cc:</B> <A
href="mailto:realtraders@xxxxxxxxxxxxxxx"
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, September 29, 2000 12:58
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [RT] re: OPTN</DIV>
<DIV><BR></DIV>No product I know of "years back" that did that. FLEX
options which are somewhat recent allow you to set any date (as long as it is
not too near the regular expiration). In SPX there were regular option
with and end of quarter expiration, but they rarely traded... it was simpler
just to buy OCTs to cover the September quarter.
<P>BobR wrote:
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<FONT face=Arial><FONT size=-1>Years back there was a type of option that
institutions used to hedge until the end of a quarter rather than the third
thursday of the month. Can't remember the name of them. Are they
still in use?</FONT></FONT> <FONT face=Arial><FONT
size=-1>thanks,</FONT></FONT><FONT face=Arial><FONT
size=-1>br</FONT></FONT>
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style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message -----</DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:droex@xxxxxxxxxxxx" title=droex@xxxxxxxxxxxx>The
DOCTOR</A></DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:realtraders@xxxxxxxxxxxxxxx"
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx</A></DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, September 29, 2000
10:14 AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] re: OPTN</DIV> In
case any of you read Barrons I wrote "The Striking Price" column this
week.</BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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