New Options Model

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:=09Rudy Acevedo/HOU/ECT@ECT, Diana Allen/Enron@EnronXGate, Russell Balla=
to/NA/Enron@Enron, Ted Ballinger/Enron@EnronXGate, Don Baughman/HOU/ECT@ECT=
, Edward D Baughman/Enron@EnronXGate, Corry Bentley/HOU/ECT@ECT, Robert Ben=
son/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, L=
arry F Campbell/NA/Enron@Enron, Mike Carson/Corp/Enron@Enron, Jason Choate/=
Corp/Enron@ENRON, Kevin Cline/Enron@EnronXGate, Terri Clynes/Enron@EnronXGa=
te, Keith Comeaux/Corp/Enron@Enron, Karla Compean/Enron@EnronXGate, Kayne C=
oulter/HOU/ECT@ECT, Oscar Dalton/Enron@EnronXGate, Mark Dana Davis/HOU/ECT@=
ECT, Clint Dean/Corp/Enron@Enron, George Diaz/Corp/Enron@ENRON, Chris Dorla=
nd/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 G=
upta/HOU/ECT@ECT, Patrick Hanse/HOU/ECT@ECT, Juan Hernandez/Corp/Enron@ENRO=
N, Rogers Herndon/HOU/ECT@ect, Jim Homco/HOU/ECT@ECT, Rika Imai/Enron@Enron=
XGate, Larry Jester/Enron@EnronXGate, Gary Justice/Enron@EnronXGate, Mike E=
Kelly/Enron@EnronXGate, Grace Kim/Enron@EnronXGate, Jeff King/Corp/Enron@E=
nron, 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, Jeffr=
ey Miller/NA/Enron@Enron, Narsimha Misra/NA/Enron@Enron, Christi L Nicolay/=
HOU/ECT@ECT, Steve Olinde/Corp/Enron@Enron, Andy Pace/Enron@EnronXGate, Jua=
n Padron/NA/Enron@Enron, Laura Podurgiel/HOU/ECT@ECT, Kevin M Presto/HOU/EC=
T@ECT, Joe Quenet/NA/Enron@Enron, David Ryan/Enron@EnronXGate, Eric Saibi/C=
orp/Enron@ENRON, Anna Santucci/Enron@EnronXGate, sscott3@enron.com, Erik Se=
rio/Corp/Enron@Enron, Doug Sewell/Enron@EnronXGate, Lisa Shoemake/Enron@Enr=
onXGate, Robert Stalford/NA/Enron@Enron, Chad Starnes/Corp/Enron@Enron, Joe=
Stepenovitch/Corp/Enron@Enron, Mark Symms/Enron@EnronXGate, Ramanarao Tamm=
a/Enron@EnronXGate, Garrett Tripp/TOR/ECT@ECT, Larry Valderrama/Enron@Enron=
XGate, Maria Valdes/Corp/Enron@Enron, Joseph Wagner/NA/Enron@Enron, Christo=
pher 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 Gue=
rra/Enron@EnronXGate, Benjamin Rogers/HOU/ECT@ECT, Clayton Vernon/Enron@Enr=
onXGate, Fletcher J Sturm/HOU/ECT@ECT, Mauricio Trejo/Enron@EnronXGate, Dus=
tin Collins/HOU/ECT@ECT, William Abler/Enron@EnronXGate, Steve Wang/Enron@E=
nronXGate
cc:=09=20
Subject:=09New Options Model

---------------------- Forwarded by Tamara Jae Black/HOU/ECT on 05/22/2001 =
04:18 PM ---------------------------
From:=09Steve Wang/ENRON@enronXgate on 05/22/2001 04:17 PM
To:=09Tamara Jae Black/HOU/ECT@ECT
cc:=09=20
Subject:=09New 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 mo=
del was created for marketer to give indicative pricing. I have created th=
is model especially for option market making. As market makers we found th=
e old model too slow as we are often making bid/offers in more than five st=
rikes in more than five different months. This model allows us to make our=
markets quicker and identify mispricings in the market before our competit=
ors. This is not to replace the old structuring model. It is only a compl=
ement 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 ev=
entually have them on a daily basis.

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

Ahn, Christopher=09
Ballato, Russell=09
Baughman, Ed=09
Benson, Rob=09
Broderick, Paul=09
Carson, Mike=09
Clynes, Terri=09
Curry, Mike=09
Dalton, Oscar=09
Davis, Dana=09
Dean, Clint=09
Dorland, Chris=09
Forney, John=09
Gilbert-Smith, Doug=09
Gupta, Gautam=09
Jester, Larry=09
Kelly, Michael=09
King, Jeff=09
Lorenz, Matt=09
Presto, Kevin=09
Quenet, Joe=09
Scheuer, Janelle=09
Sewell, Robert (Doug)=09
Sturm, Fletch=09
Tingleaf, Drew=09
Valderrama, Larry=09
Valdes, Maria=09
Wheeler, Raymond=09

Thanks
Steve Wang