It Grows On Trees
Fall, 1999.
"That's all for today. Have a great evening!"
I rushed out of the symphony practice room and carelessly dropped my violin into its case, simultaneously fetching a shiny new cell phone from my pocket. I didn't have the number on speed dial; I didn't need it. I'd dialed this number at least twenty or thirty times a week for the past two months.
As soon as the ringing stopped and I could hear that the cell connection had been made, I punched in a string of 28 digits containing a login ID, a PIN code, and some instructions for a financial symbol lookup. The first time I'd done this, it took me two or three minutes to navigate all the voice-activated menus; after two months, I didn't even have to hear the voice. I just pressed the numbers as fast as my fingers could move.
I pressed the phone to my ear and held my breath.
"The Standard & Poor's 100 Index. October put, strike price K. Three and one eighth."
Drat. Not high enough.
"High four and seven eights. Low two and three sixteenths."
My mouth dropped open. I punched another string of eight digits into the keypad.
"Today's activity: Sold nine hundred OEX October puts at four and five eighths."
Jill walked over to me, carrying her violin case.
"So what happened?"
I did some quick mental calculations.
"I made $2,500 during orchestra practice!"
::
True story. Perhaps someday I'll get around to writing out the rest of it.
"That's all for today. Have a great evening!"
I rushed out of the symphony practice room and carelessly dropped my violin into its case, simultaneously fetching a shiny new cell phone from my pocket. I didn't have the number on speed dial; I didn't need it. I'd dialed this number at least twenty or thirty times a week for the past two months.
As soon as the ringing stopped and I could hear that the cell connection had been made, I punched in a string of 28 digits containing a login ID, a PIN code, and some instructions for a financial symbol lookup. The first time I'd done this, it took me two or three minutes to navigate all the voice-activated menus; after two months, I didn't even have to hear the voice. I just pressed the numbers as fast as my fingers could move.
I pressed the phone to my ear and held my breath.
"The Standard & Poor's 100 Index. October put, strike price K. Three and one eighth."
Drat. Not high enough.
"High four and seven eights. Low two and three sixteenths."
My mouth dropped open. I punched another string of eight digits into the keypad.
"Today's activity: Sold nine hundred OEX October puts at four and five eighths."
Jill walked over to me, carrying her violin case.
"So what happened?"
I did some quick mental calculations.
"I made $2,500 during orchestra practice!"
::
True story. Perhaps someday I'll get around to writing out the rest of it.
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