The New Options Model meeting will be held in EB3125b.
---------------------- Forwarded by Tamara Jae Black/HOU/ECT on 05/22/2001 
04:34 PM ---------------------------


Tamara Jae Black
05/22/2001 04:21 PM
To: Rudy Acevedo/HOU/ECT@ECT, Diana Allen/Enron@EnronXGate, Russell 
Ballato/NA/Enron@Enron, Ted Ballinger/Enron@EnronXGate, Don 
Baughman/HOU/ECT@ECT, Edward D Baughman/Enron@EnronXGate, Corry 
Bentley/HOU/ECT@ECT, Robert Benson/Corp/Enron@ENRON, Tamara Jae 
Black/HOU/ECT@ECT, Lisa Burnett/Corp/Enron@Enron, Paul J 
Broderick/HOU/ECT@ECT, Richard Broussard/Corp/Enron@Enron, Larry F 
Campbell/NA/Enron@Enron, Mike Carson/Corp/Enron@Enron, Jason 
Choate/Corp/Enron@ENRON, Kevin Cline/Enron@EnronXGate, Terri 
Clynes/Enron@EnronXGate, Keith Comeaux/Corp/Enron@Enron, Karla 
Compean/Enron@EnronXGate, Kayne Coulter/HOU/ECT@ECT, Oscar 
Dalton/Enron@EnronXGate, Mark Dana Davis/HOU/ECT@ECT, Clint 
Dean/Corp/Enron@Enron, George Diaz/Corp/Enron@ENRON, Chris 
Dorland/HOU/ECT@ECT, Joe Errigo/Corp/Enron@Enron, Miguel L 
Garcia/NA/Enron@ENRON, Gerald Gilbert/HOU/ECT@ECT, Doug 
Gilbert-Smith/Corp/Enron@ENRON, Gautam Gupta/HOU/ECT@ECT, Patrick 
Hanse/HOU/ECT@ECT, Juan Hernandez/Corp/Enron@ENRON, Rogers 
Herndon/HOU/ECT@ect, Jim Homco/HOU/ECT@ECT, Rika Imai/Enron@EnronXGate, Larry 
Jester/Enron@EnronXGate, Gary Justice/Enron@EnronXGate, Mike E 
Kelly/Enron@EnronXGate, Grace Kim/Enron@EnronXGate, Jeff 
King/Corp/Enron@Enron, John Kinser/HOU/ECT@ECT, Madhup 
Kumar/Enron@EnronXGate, Dean Laurent/HOU/ECT@ECT, Justin 
Laverell/Corp/Enron@ENRON, Chris Lenartowicz/Corp/Enron@ENRON, Matt 
Lorenz/HOU/ECT@ECT, Gretchen Lotz/HOU/ECT@ECT, Peter Makkai/NA/Enron@Enron, 
Tom May/Corp/Enron@Enron, Doug Miller/Corp/Enron@Enron, Jeffrey 
Miller/NA/Enron@Enron, Narsimha Misra/NA/Enron@Enron, Christi L 
Nicolay/HOU/ECT@ECT, Steve Olinde/Corp/Enron@Enron, Andy 
Pace/Enron@EnronXGate, Juan Padron/NA/Enron@Enron, Laura 
Podurgiel/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Joe Quenet/NA/Enron@Enron, 
David Ryan/Enron@EnronXGate, Eric Saibi/Corp/Enron@ENRON, Anna 
Santucci/Enron@EnronXGate, sscott3@enron.com, Erik Serio/Corp/Enron@Enron, 
Doug Sewell/Enron@EnronXGate, Lisa Shoemake/Enron@EnronXGate, Robert 
Stalford/NA/Enron@Enron, Chad Starnes/Corp/Enron@Enron, Joe 
Stepenovitch/Corp/Enron@Enron, Mark Symms/Enron@EnronXGate, Ramanarao 
Tamma/Enron@EnronXGate, Garrett Tripp/TOR/ECT@ECT, Larry 
Valderrama/Enron@EnronXGate, Maria Valdes/Corp/Enron@Enron, Joseph 
Wagner/NA/Enron@Enron, Christopher Watts/NA/Enron@Enron, Lloyd 
Will/HOU/ECT@ECT, Smith L Day/HOU/ECT@ECT, John M Forney/NA/Enron@Enron, Andy 
Rodriquez/Enron@EnronXGate, Claudia Guerra/Enron@EnronXGate, Benjamin 
Rogers/HOU/ECT@ECT, Clayton Vernon/Enron@EnronXGate, Fletcher J 
Sturm/HOU/ECT@ECT, Mauricio Trejo/Enron@EnronXGate, Dustin 
Collins/HOU/ECT@ECT, William Abler/Enron@EnronXGate, Steve 
Wang/Enron@EnronXGate
cc:  
Subject: New Options Model


---------------------- Forwarded by Tamara Jae Black/HOU/ECT on 05/22/2001 
04:18 PM ---------------------------
From: Steve Wang/ENRON@enronXgate on 05/22/2001 04:17 PM
To: Tamara Jae Black/HOU/ECT@ECT
cc:  
Subject: New Options Model

Meeting on May 30 at 3:30pm regarding the new Option Model we (Steve Wang, 
Harry Arora, and Rob Stalford) use to make markets.  The old structuring 
model was created for marketer to give indicative pricing.  I have created 
this model especially for option market making.  As market makers we found 
the old model too slow as we are often making bid/offers in more than five 
strikes in more than five different months.  This model allows us to make our 
markets quicker and identify mispricings in the market before our 
competitors.  This is not to replace the old structuring model.  It is only a 
complement that will give everyone a better picture of where options are 
trading and where bid/offers are.  We will publish these prices weekly and 
will eventually have them on a daily basis.

You will need special permission to access the files located in 
M:\power2\Options.  Let me know if you want access to this folder.  The 
following people already have access:


Ahn, Christopher
Ballato, Russell
Baughman, Ed
Benson, Rob
Broderick, Paul
Carson, Mike
Clynes, Terri
Curry, Mike
Dalton, Oscar
Davis, Dana
Dean, Clint
Dorland, Chris
Forney, John
Gilbert-Smith, Doug
Gupta, Gautam
Jester, Larry
Kelly, Michael
King, Jeff
Lorenz, Matt
Presto, Kevin
Quenet, Joe
Scheuer, Janelle
Sewell, Robert (Doug)
Sturm, Fletch
Tingleaf, Drew
Valderrama, Larry
Valdes, Maria
Wheeler, Raymond


Thanks
Steve Wang