Message-ID: <32438820.1075863387956.JavaMail.evans@thyme>
Date: Tue, 22 May 2001 19:21:00 -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, 
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	madhup.kumar@enron.com, dean.laurent@enron.com, 
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	peter.makkai@enron.com, tom.may@enron.com, doug.miller@enron.com, 
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	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>
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---------------------- 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
