Message-ID: <26824313.1075863387857.JavaMail.evans@thyme>
Date: Tue, 22 May 2001 19:35:00 -0700 (PDT)
From: tamara.black@enron.com
To: rudy.acevedo@enron.com, diana.allen@enron.com, russell.ballato@enron.com, 
	ted.ballinger@enron.com, don.baughman@enron.com, 
	edward.baughman@enron.com, corry.bentley@enron.com, 
	robert.benson@enron.com, tamara.black@enron.com, 
	lisa.burnett@enron.com, paul.broderick@enron.com, 
	richard.broussard@enron.com, larry.campbell@enron.com, 
	mike.carson@enron.com, jason.choate@enron.com, kevin.cline@enron.com, 
	terri.clynes@enron.com, keith.comeaux@enron.com, 
	karla.compean@enron.com, kayne.coulter@enron.com, 
	oscar.dalton@enron.com, mark.davis@enron.com, clint.dean@enron.com, 
	george.diaz@enron.com, chris.dorland@enron.com, joe.errigo@enron.com, 
	miguel.garcia@enron.com, gerald.gilbert@enron.com, 
	doug.gilbert-smith@enron.com, gautam.gupta@enron.com, 
	patrick.hanse@enron.com, juan.hernandez@enron.com, 
	rogers.herndon@enron.com, jim.homco@enron.com, rika.imai@enron.com, 
	larry.jester@enron.com, gary.justice@enron.com, mike.kelly@enron.com, 
	grace.kim@enron.com, jeff.king@enron.com, john.kinser@enron.com, 
	madhup.kumar@enron.com, dean.laurent@enron.com, 
	justin.laverell@enron.com, chris.lenartowicz@enron.com, 
	matt.lorenz@enron.com, gretchen.lotz@enron.com, 
	peter.makkai@enron.com, tom.may@enron.com, doug.miller@enron.com, 
	jeffrey.miller@enron.com, narsimha.misra@enron.com, 
	christi.nicolay@enron.com, steve.olinde@enron.com, 
	andy.pace@enron.com, juan.padron@enron.com, 
	laura.podurgiel@enron.com, kevin.presto@enron.com, 
	joe.quenet@enron.com, david.ryan@enron.com, eric.saibi@enron.com, 
	anna.santucci@enron.com, sscott3@enron.com, erik.serio@enron.com, 
	doug.sewell@enron.com, lisa.shoemake@enron.com, 
	robert.stalford@enron.com, chad.starnes@enron.com, 
	joe.stepenovitch@enron.com, mark.symms@enron.com, 
	ramanarao.tamma@enron.com, garrett.tripp@enron.com, 
	larry.valderrama@enron.com, maria.valdes@enron.com, 
	joseph.wagner@enron.com, christopher.watts@enron.com, 
	lloyd.will@enron.com, smith.day@enron.com, john.forney@enron.com, 
	andy.rodriquez@enron.com, claudia.guerra@enron.com, 
	benjamin.rogers@enron.com, clayton.vernon@enron.com, 
	fletcher.sturm@enron.com, mauricio.trejo@enron.com, 
	dustin.collins@enron.com, william.abler@enron.com, 
	steve.wang@enron.com
Subject: New Options Model
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X-From: Tamara Jae Black <Tamara Jae Black/HOU/ECT@ECT>
X-To: Rudy Acevedo <Rudy Acevedo/HOU/ECT@ECT>, Diana Allen <Diana Allen/Enron@EnronXGate>, Russell Ballato <Russell Ballato/NA/Enron@Enron>, Ted Ballinger <Ted Ballinger/Enron@EnronXGate>, Don Baughman <Don Baughman/HOU/ECT@ECT>, Edward D Baughman <Edward D Baughman/Enron@EnronXGate>, Corry Bentley <Corry Bentley/HOU/ECT@ECT>, Robert Benson <Robert Benson/Corp/Enron@ENRON>, Tamara Jae Black <Tamara Jae Black/HOU/ECT@ECT>, Lisa Burnett <Lisa Burnett/Corp/Enron@Enron>, Paul J Broderick <Paul J Broderick/HOU/ECT@ECT>, Richard Broussard <Richard Broussard/Corp/Enron@Enron>, Larry F Campbell <Larry F Campbell/NA/Enron@Enron>, Mike Carson <Mike Carson/Corp/Enron@Enron>, Jason Choate <Jason Choate/Corp/Enron@ENRON>, Kevin Cline <Kevin Cline/Enron@EnronXGate>, Terri Clynes <Terri Clynes/Enron@EnronXGate>, Keith Comeaux <Keith Comeaux/Corp/Enron@Enron>, Karla Compean <Karla Compean/Enron@EnronXGate>, Kayne Coulter <Kayne Coulter/HOU/ECT@ECT>, Oscar Dalton <Oscar Dalton/Enron@EnronXGate>, Mark Dana Davis <Mark Dana Davis/HOU/ECT@ECT>, Clint Dean <Clint Dean/Corp/Enron@Enron>, George Diaz <George Diaz/Corp/Enron@ENRON>, Chris Dorland <Chris Dorland/HOU/ECT@ECT>, Joe Errigo <Joe Errigo/Corp/Enron@Enron>, Miguel L Garcia <Miguel L Garcia/NA/Enron@ENRON>, Gerald Gilbert <Gerald Gilbert/HOU/ECT@ECT>, Doug Gilbert-Smith <Doug Gilbert-Smith/Corp/Enron@ENRON>, Gautam Gupta <Gautam Gupta/HOU/ECT@ECT>, Patrick Hanse <Patrick Hanse/HOU/ECT@ECT>, Juan Hernandez <Juan Hernandez/Corp/Enron@ENRON>, Rogers Herndon <Rogers Herndon/HOU/ECT@ect>, Jim Homco <Jim Homco/HOU/ECT@ECT>, Rika Imai <Rika Imai/Enron@EnronXGate>, Larry Jester <Larry Jester/Enron@EnronXGate>, Gary Justice <Gary Justice/Enron@EnronXGate>, Mike E Kelly <Mike E Kelly/Enron@EnronXGate>, Grace Kim <Grace Kim/Enron@EnronXGate>, Jeff King <Jeff King/Corp/Enron@Enron>, John Kinser <John Kinser/HOU/ECT@ECT>, Madhup Kumar <Madhup Kumar/Enron@EnronXGate>, Dean Laurent <Dean Laurent/HOU/ECT@ECT>, Justin Laverell <Justin Laverell/Corp/Enron@ENRON>, Chris Lenartowicz <Chris Lenartowicz/Corp/Enron@ENRON>, Matt Lorenz <Matt Lorenz/HOU/ECT@ECT>, Gretchen Lotz <Gretchen Lotz/HOU/ECT@ECT>, Peter Makkai <Peter Makkai/NA/Enron@Enron>, Tom May <Tom May/Corp/Enron@Enron>, Doug Miller <Doug Miller/Corp/Enron@Enron>, Jeffrey Miller <Jeffrey Miller/NA/Enron@Enron>, Narsimha Misra <Narsimha Misra/NA/Enron@Enron>, Christi L Nicolay <Christi L Nicolay/HOU/ECT@ECT>, Steve Olinde <Steve Olinde/Corp/Enron@Enron>, Andy Pace <Andy Pace/Enron@EnronXGate>, Juan Padron <Juan Padron/NA/Enron@Enron>, Laura Podurgiel <Laura Podurgiel/HOU/ECT@ECT>, Kevin M Presto <Kevin M Presto/HOU/ECT@ECT>, Joe Quenet <Joe Quenet/NA/Enron@Enron>, David Ryan <David Ryan/Enron@EnronXGate>, Eric Saibi <Eric Saibi/Corp/Enron@ENRON>, Anna Santucci <Anna Santucci/Enron@EnronXGate>, sscott3 <sscott3@enron.com>, Erik Serio <Erik Serio/Corp/Enron@Enron>, Doug Sewell <Doug Sewell/Enron@EnronXGate>, Lisa Shoemake <Lisa Shoemake/Enron@EnronXGate>, Robert Stalford <Robert Stalford/NA/Enron@Enron>, Chad Starnes <Chad Starnes/Corp/Enron@Enron>, Joe Stepenovitch <Joe Stepenovitch/Corp/Enron@Enron>, Mark Symms <Mark Symms/Enron@EnronXGate>, Ramanarao Tamma <Ramanarao Tamma/Enron@EnronXGate>, Garrett Tripp <Garrett Tripp/TOR/ECT@ECT>, Larry Valderrama <Larry Valderrama/Enron@EnronXGate>, Maria Valdes <Maria Valdes/Corp/Enron@Enron>, Joseph Wagner <Joseph Wagner/NA/Enron@Enron>, Christopher Watts <Christopher Watts/NA/Enron@Enron>, Lloyd Will <Lloyd Will/HOU/ECT@ECT>, Smith L Day <Smith L Day/HOU/ECT@ECT>, John M Forney <John M Forney/NA/Enron@Enron>, Andy Rodriquez <Andy Rodriquez/Enron@EnronXGate>, Claudia Guerra <Claudia Guerra/Enron@EnronXGate>, Benjamin Rogers <Benjamin Rogers/HOU/ECT@ECT>, Clayton Vernon <Clayton Vernon/Enron@EnronXGate>, Fletcher J Sturm <Fletcher J Sturm/HOU/ECT@ECT>, Mauricio Trejo <Mauricio Trejo/Enron@EnronXGate>, Dustin Collins <Dustin Collins/HOU/ECT@ECT>, William Abler <William Abler/Enron@EnronXGate>, Steve Wang <Steve Wang/Enron@EnronXGate>
X-cc: 
X-bcc: 
X-Folder: \RBENSON (Non-Privileged)\Benson, Robert\Inbox
X-Origin: Benson-R
X-FileName: RBENSON (Non-Privileged).pst

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


