Enron Mail

From: john.arnold@enron.com To: andy.zipper@enron.com Subject: Re: options Cc: Bcc: Date: Fri, 14 Apr 2000 08:34:00 -0700 (PDT) Andy: Just a couple of quick items that need to be addressed. First, what happens if the delta of the option is greater than the size of the hedge offered on EOL? Second, what strike are straddles traded at. Are they set at the nearest 5 cent interval or are they mid-market of the EOL quote?