Enron Mail

From:houston <.ward@enron.com<
To:aavalos@pnm.com
Subject:RE: Q3 Call Option
Cc:
Bcc:
Date:Tue, 30 Oct 2001 06:54:21 -0800 (PST)

Art,

An at the money Daily call option (against first of the month index) for gas at San Juan is $.24 for Q3 next year. At the money monthly call options would be $.58 with a strike of $3.10. A fixed price daily call option would be $.60 with a strike of $3.10.

Let me know if you have any questions.

Thanks,

Kim

-----Original Message-----
From: "Avalos, Art" <AAVALOS@pnm.com<@ENRON
Sent: Monday, October 29, 2001 3:13 PM
To: Ward, Kim S (Houston)
Subject: Q3 Call Option


Hi Kim, hope you're doing well. Just received comments from our
Lawyers for your Master Enfolio. Should I be speaking with you or
someone else?
Also, could you give me a quote of what a daily call for Q3 will be
at the money for 5,000 mmBtu/day.
Thanks,
I really appreciate it.
Art Avalos