DECEMBER 98 CBOT 30YR T-BONDS OPTIONS
09/28/98 days to exp:  53   int. rate:  4.49%   calc. imp vol of *:  8.99%
  strike    last imp vol   delta   gamma theta-7    vega    prem iv-skew
   USZ98  129-17s
 144-00C    0-01s  11.52     .01  0.0040    0-00    0-01    0-01   +2.53
 142-00C    0-02s  11.13     .02  0.0072    0-01    0-02    0-02   +2.14
 140-00C    0-03s  10.30     .02  0.0114    0-01    0-02    0-03   +1.31
 138-00C    0-06s   9.86     .05  0.0203    0-02    0-04    0-06    +.87
 136-00C    0-13s   9.57     .09  0.0352    0-03    0-06    0-13    +.58
 135-00C    0-19s   9.47     .13  0.0449    0-04    0-07    0-19    +.48
 134-00C    0-27s   9.33     .17  0.0555    0-05    0-08    0-27    +.33
 133-00C    0-38s   9.19     .23  0.0666    0-06    0-10    0-38    +.20
 132-00C    0-54s   9.18     .30  0.0763    0-07    0-11    0-54    +.19
 131-00C    1-10s   9.11     .38  0.0841    0-07    0-12    1-10    +.12
 130-00C    1-35s   9.03*    .46  0.0886    0-08    0-12    1-35    +.04
 129-00C    2-02s   8.98*    .55  0.0885    0-08    0-12    1-32    -.01
 128-00C    2-37s   8.80     .64  0.0852    0-07    0-12    1-03    -.19
 127-00C    3-18s   9.00     .72  0.0749    0-06    0-11    0-48    +.01
 126-00C    4-01s   8.92     .79  0.0638    0-05    0-09    0-31    -.07
 125-00C    4-54s   9.06     .85  0.0511    0-04    0-08    0-20    +.07
 124-00C    5-44s   8.81     .90  0.0383    0-03    0-06    0-10    -.18
 123-00C    6-39s   8.94     .93  0.0276    0-02    0-04    0-05    -.06
 122-00C    7-34s   6.25     .99  0.0053    0-00    0-00    0-00   -2.74
 120-00C    9-34s   6.25     .99  0.0007    0-00    0-00    0-00   -2.74
 118-00C   11-34s  12.50     .97  0.0090    0-00    0-01    0-00   +3.51
 116-00C   13-34s  12.50     .98  0.0042    0-00    0-00    0-00   +3.51
 114-00C   15-34s  12.50     .99  0.0017    0-00    0-00    0-00   +3.51
 136-00P    6-40s   9.52     .90  0.0351    0-03    0-06    0-10    +.53
 134-00P    4-55s   9.30     .82  0.0555    0-05    0-08    0-25    +.31
 132-00P    3-19s   9.18     .69  0.0763    0-07    0-11    0-53    +.19
 130-00P    2-00s   8.97*    .53  0.0891    0-08    0-12    1-34    -.02
 129-00P    1-32s   8.97*    .44  0.0887    0-08    0-12    1-32    -.02
 128-00P    1-05s   8.91     .35  0.0842    0-07    0-12    1-05    -.08
 127-00P    0-49s   9.00     .27  0.0749    0-06    0-11    0-49    +.01
 126-00P    0-32s   8.87     .20  0.0639    0-05    0-09    0-32    -.12
 125-00P    0-22s   9.07     .15  0.0511    0-04    0-08    0-22    +.08
 124-00P    0-13s   8.94     .10  0.0387    0-03    0-06    0-13    -.06
 123-00P    0-08s   9.03     .06  0.0280    0-02    0-04    0-08    +.04
 122-00P    0-05s   9.18     .04  0.0196    0-02    0-03    0-05    +.19
 121-00P    0-03s   9.33     .03  0.0132    0-01    0-02    0-03    +.33
 120-00P    0-01s   8.79     .01  0.0065    0-00    0-01    0-01    -.20
 119-00P    0-01s   9.57     .01  0.0054    0-00    0-01    0-01    +.58
 118-00P    0-01s  10.35     .01  0.0045    0-00    0-01    0-01   +1.36
 117-00P    0-01s  11.33     .01  0.0042    0-00    0-01    0-01   +2.34
 116-00P    0-01s  12.11     .01  0.0036    0-00    0-01    0-01   +3.12
 114-00P    0-01s  13.67     .01  0.0027    0-00    0-01    0-01   +4.68