Glossary of marketing terms

COTTON NO. 2 PUTS THURSDAY NOVEMBER 3, 1998 SETTLEMENT PRICE VOLUME OPEN CHANGE INTEREST

MONTH

STRIKE PRICE

EXPIRATION DATE

HIGH

LOW

CLOSE

11/03

11/02

11/02

11/02

11/01

EXER

Dec 88

40.00

11/5/88

-

-

-

-

-

-

-

-

-

Dec 88

45.00

11/5/88

-

-

.01N

.01

.01

-

449

-10*

-

Dec 88

46.00

11/5/88

-

-

.01N

.01

.01

-

62

-

-

Dec 88

47.00

11/5/88

-

-

.01N

.01

.01

-

23

-

-

Dec 88

48.00

11/5/83

-

-

.01N

.01

.01

-

134

-

-

Dec 88

49.00

11/5/83

-

-

.01N

.01

.01

-

101

-

-

Dec 88

50.00

11/5/88

-

-

.01N

.01

.01

5

631

-5

-

Dec 88

51.00

11/5/83

-

-

.01N

.01

.01

-

136

-7*

-

Dec 88

52.00

11/5/88

-

-

.01N

.01

.01

-

619

-3*

-

Dec 88

53.00

11/5/88

.01

.01

.01N

.01

.01

2

427

-

-

Dec 88

54.00

11/5/88

.01

.01

.01T

.01

.02

10

417

+7

-

Dec 88

55.00

11/5/88

.20

.05

.10N

.10

.15

63

197

+38

-

Dec 88

56,00

11/5/88

.50

.30

.31N

.31

.43

55

506

-38

-

Dec 88

57.00

11/5/83

-

-

-

-

-

-

-

-

-

Dec 88

58.00

11/5/83

1.40

1.40

1.80N

1.80

1.90

1

257

-1

-

Dec 88

59,00

11/5/88

-

-

2.80N

2.80

2.85

-

26

-

-

Dec 88

60.00

11/5/83

4.15

3.65

3.80N

3.80

3.85

-

173

-

-

Dec 88

61.00

11/5/88

-

-

4.80N

4.80

4.85

-

66

-

-

Dec 88

62.00

11/5/88

-

-

5.80N

5.80

5.85

-

124

-59*

59

Dec 88

63.00

11/5/88

-

-

6.80N

6.80

6.85

-

15

-

-

Dec 88

64.00

11/5/88

-

-

7.80N

7.80

7.85

-

62

-75*

75

Dec 88

65.00

11/5/88

-

-

8.80N

8.80

8.85

-

56

-15*

15

Dec 88

66.00

11/5/83

-

-

9.80N

9.80

9.85

-

64

-10

10

Dec 88

67.00

11/5/83

-

-

10.80N

10.80

10.85

-

4

-

-

Dec 88

68.00

11/5/88

-

-

11.80N

11.80

11.85

-

16

-

-

Dec 88

69.00

11/5/83

-

-

-

-

-

-

-

-

-

Dec 88

70.00

11/5/88

-

-

-

-

-

-

-

-

-

Dec 88

72.00

11/5/83

-

-

-

-

-

-

-

-

-

Dec 88

74.00

11/5/88

-

-

-

-

-

-

-

-

-

Mar 89

43.00

2/4/89

-

-

.01N

.10

.10

-

48

-

-

Mar 89

46.00

2/4/89

-

-

.15N

.15

.15

-

7

-

-

Mar 89

47.00

2/4/89

-

-

.20N

.20

.20

-

71

-

-

Mar 89

48.00

2/4/89

.35

.35

.30N

.30

.32

25

97

-

-

Mar 89

49.00

2/4/89

-

-

.40N

.40

.40

-

175

-

-

Mar 89

50.00

2/4/89

-

-

.55N

.55

.55

-

784

-

-

Mar 89

51.00

2/4/89

.80

.75

.70N

.70

.70

1

413

-1*

-

Mar 89

52.00

2/4/89

.90

.85

.95N

.95

.95

-

224

-1*

-

Mar 89

53.00

2/4/89

-

-

1.20N

1.20

1.20

-

364

-1*

-

Mar 89

54.00

2/4/89

-

-

1.55N

1.55

1.55

5

171

+4

-

Mar 89

55.00

2/4/89

2.10

2.10

1.95N

1.95

2.00

13

195

+11

-

Mar 89

56.00

2/4/89

2.60

2.25

2.40N

2.40

2.40

-

118

-

-

Mar 89

57.00

2/4/89

3.10

3.10

2.85N

2.85

2.95

-

41

-

-

Mar 89

58.00

2/4/89

3.20

3.20

3.50N

3.50

3.50

-

22

-

-

Mar 89

59.00

2/4/89

-

-

4.15N

4.15

4.20

-

5

-

-

Mar 89

60.00

2/4/89

-

-

4.80N

4.80

4.85

-

15

-

-

Mar 89

61.00

2/4/89

-

-

-

-

-

-

-

-

-

Mar 89

62.00

2/4/89

-

-

6.30N

6.30

6.35

-

21

-

-

Mar 89

63.00

2/4/89

-

-

-

-

-

-

-

-

-

Mar 89

64.00

2/4/89

-

-

-

-

-

-

-

-

-

Mar 89

65.00

2/4/89

-

-

8.80N

8.80

8.85

-

124

-

-

Mar 89

66.00

2/4/89

-

-

9.70N

9.70

9.70

-

10

-

-

Mar 89

67.00

2/4/89

-

-

-

-

-

-

-

-

-

Mar 89

68.00

2/4/89

-

-

-

-

-

-

-

-

-

Mar 89

69.00

2/4/89

-

-

-

-

-

-

-

-

-

Mar 89

70.00

2/4/89

-

-

-

-

-

-

-

-

-

Mar 89

72.00

2/4/89

-

-

-

-

-

-

-

-

-

May 89

46.00

4/8/89

-

-

-

-

-

-

-

-

-

May 89

47.00

4/8/89

-

-

-

-

-

-

-

-

-

May 89

48.00

4/8/89

-

-

.45N

.45

.45

-

1

-

-

May 89

49.00

4/8/89

-

-

.60N

.60

.65

-

26

-

-

May 89

50.00

4/8/69

-

-

-

-

-

-

-

-

-

May 89

51.00

4/8/89

-

-

-

-

-

-

-

-

-

May 89

52.00

4/8/89

-

-

1.30N

1.30

1.15

-

8

-

-

May 89

53.00

4/8/89

-

-

-

-

-

-

-

-

-

May 89

54.00

4/8/89

-

-

2.00N

2.00

2.00

-

97

-

-

May 89

55.00

4/8/89

-

-

2.40N

2.40

2.30

11

246

-

-

May 89

56.00

4/8/89

-

-

-

-

-

-

-

-

-

May 89

57.00

4/8/89

-

-

-

-

-

-

-

-

-

May 89

58.00

4/8/89

-

-

3.90N

3.90

3.90

-

7

-

-

May 89

59.00

4/8/89

-

-

-

-

-

-

-

-

-

May 89

60.00

4/8/89

-

-

-

-

-

-

-

-

-

May 89

62.00

4/8/89

-

-

-

-

-

-

-

-

-

May 89

64.00

4/8/89

-

-

-

-

-

-

-

-

-

May 89

65.00

4/8/89

-

-

-

-

-

-

-

-

-

May 89

66.00

4/8/89

-

-

-

-

-

-

-

-

-

May 89

68.00

4/8/89

-

-

11.65N

11.65

11.70

-

5

-

-

May 89

70.00

4/8/89

-

-

-

-

-

-

-

-

-

Jul 89

46.00

6/3/89

-

-

-

-

-

-

-

-

-

Jul 89

48.00

6/3/89

-

-

-

-

-

-

-

-

-

Jul 89

50.00

6/3/89

-

-

1.10N

1.10

1.25

-

10

-

-

Jul 89

52.00

6/3/89

-

-

-

-

-

-

-

-

-

Jul 89

54.00

6/3/89

-

-

-

-

-

-

-

-

-

Jul 89

56.00

6/3/89

-

-

-

-

-

-

-

-

-

Jul 89

58.00

6/3/89

-

-

-

-

-

-

-

-

-

Jul 89

60.00

6/3/89

-

-

-

-

-

-

-

-

-

Jul 89

62.00

6/3/89

-

-

-

-

-

-

-

-

-

Jul 89

65.00

6/3/89

-

-

-

-

-

-

-

-

-

Jul 89

70.00

6/3/89

-

-

-

-

-

-

-

-

-

Jul 89

46.00

9/2/89

-

-

-

-

-

-

-

-

-

Jul 89

48.00

9/2/89

-

-

-

-

-

-

-

-

-

Jul 89

50.00

9/2/89

-

-

-

-

-

-

-

-

-

Jul 89

52.00

9/2/29

-

-

-

-

-

-

-

-

-

Oct 89

54.00

9'/2/89

-

-

-

-

-

-

-

-

-

Oct 89

56.00

9/2/89

-

-

-

-

-

-

-

-

-

Oct 89

58.00

9/2/89

-

-

-

-

-

-

-

-

-

Dec 89

60.00

9/2/89

-

-

-

-

-

-

-

-

-

Dec 89

62.00

9/2/89

-

-

-

-

-

-

-

-

-

Dec 89

65.00

9/2/89

-

-

-

-

-

-

-

-

-

Dec 89

70.00

9/2/89

-

-

-

-

-

-

-

-

-

Dec 89

46.00

11/4/89

-

-

-

-

-

-

-

-

-

Dec 89

48.00

11/4/89

-

-

-

-

-

-

-

-

-

Dec 89

50.00

11/4/89

-

-

-

-

-

-

-

-

-

Dec 89

52.00

11/4/89

-

-

-

-

-

-

-

-

-

Dec 89

54.00

11/4/89

-

-

-

-

-

-

-

-

-

Dec 89

56.00

11/4/89

-

-

-

-

-

-

-

-

-

Dec 89

58.00

11/4/89

-

-

-

-

-

-

-

-

-

Dec 89

60.00

11/4/89

-

-

-

-

-

-

-

-

-

Dec 89

62.00

11/4/89

-

-

-

-

-

-

-

-

-

Dec 89

65.50

11/4/89

-

-

-

-

-

-

-

-

-

Dec 89

70.00

11/4/89

-

-

-

-

-

-

-

-

-

Jan 90

48.00

2/3/90

-

-

-

-

-

-

-

-

-

Jan 90

50.00

2/3/90

-

-

-

-

-

-

-

-

-

Jan 90

52.00

2/3/90

-

-

-

-

-

-

-

-

-

Jan 90

54.00

2/3/90

-

-

-

-

-

-

-

-

-

Jan 90

56.00

2/3/90

-

-

-

-

-

-

-

-

-

Jan 90

58.00

2/3/90

-

-

-

-

-

-

-

-

-

Jan 90

60.00

2/3/90

-

-

-

-

-

-

-

-

-

TOTAL ESTIMATED VOLUME - 400

*Adjustment by recording firm

191

7,870

-155

FUTURES SETTLEMENT

Dec 88

56.21

Mar 89

56.50

May 89

56.57

Jul 89

56.70

-

-

Oct 89

56.00

Dec 89

56.20

Mar 90

56.70

-

-

-

-

MONTH	STRIKE PRICE	EXPIRATION DATE		HIGH	LOW	CLOSE	11/03	11/02	11/02	11/02	11/01	EXER
Dec 88	40.00	11/5/88		-	-	-	-	-	-	-	-	-
Dec 88	45.00	11/5/88		-	-	.01N	.01	.01	-	449	-10*	-
Dec 88	46.00	11/5/88		-	-	.01N	.01	.01	-	62	-	-
Dec 88	47.00	11/5/88		-	-	.01N	.01	.01	-	23	-	-
Dec 88	48.00	11/5/83		-	-	.01N	.01	.01	-	134	-	-
Dec 88	49.00	11/5/83		-	-	.01N	.01	.01	-	101	-	-
Dec 88	50.00	11/5/88		-	-	.01N	.01	.01	5	631	-5	-
Dec 88	51.00	11/5/83		-	-	.01N	.01	.01	-	136	-7*	-
Dec 88	52.00	11/5/88		-	-	.01N	.01	.01	-	619	-3*	-
Dec 88	53.00	11/5/88		.01	.01	.01N	.01	.01	2	427	-	-
Dec 88	54.00	11/5/88		.01	.01	.01T	.01	.02	10	417	+7	-
Dec 88	55.00	11/5/88		.20	.05	.10N	.10	.15	63	197	+38	-
Dec 88	56,00	11/5/88		.50	.30	.31N	.31	.43	55	506	-38	-
Dec 88	57.00	11/5/83		-	-	-	-	-	-	-	-	-
Dec 88	58.00	11/5/83		1.40	1.40	1.80N	1.80	1.90	1	257	-1	-
Dec 88	59,00	11/5/88		-	-	2.80N	2.80	2.85	-	26	-	-
Dec 88	60.00	11/5/83		4.15	3.65	3.80N	3.80	3.85	-	173	-	-
Dec 88	61.00	11/5/88		-	-	4.80N	4.80	4.85	-	66	-	-
Dec 88	62.00	11/5/88		-	-	5.80N	5.80	5.85	-	124	-59*	59
Dec 88	63.00	11/5/88		-	-	6.80N	6.80	6.85	-	15	-	-
Dec 88	64.00	11/5/88		-	-	7.80N	7.80	7.85	-	62	-75*	75
Dec 88	65.00	11/5/88		-	-	8.80N	8.80	8.85	-	56	-15*	15
Dec 88	66.00	11/5/83		-	-	9.80N	9.80	9.85	-	64	-10	10
Dec 88	67.00	11/5/83		-	-	10.80N	10.80	10.85	-	4	-	-
Dec 88	68.00	11/5/88		-	-	11.80N	11.80	11.85	-	16	-	-
Dec 88	69.00	11/5/83		-	-	-	-	-	-	-	-	-
Dec 88	70.00	11/5/88		-	-	-	-	-	-	-	-	-
Dec 88	72.00	11/5/83		-	-	-	-	-	-	-	-	-
Dec 88	74.00	11/5/88		-	-	-	-	-	-	-	-	-
Mar 89	43.00	2/4/89		-	-	.01N	.10	.10	-	48	-	-
Mar 89	46.00	2/4/89		-	-	.15N	.15	.15	-	7	-	-
Mar 89	47.00	2/4/89		-	-	.20N	.20	.20	-	71	-	-
Mar 89	48.00	2/4/89		.35	.35	.30N	.30	.32	25	97	-	-
Mar 89	49.00	2/4/89		-	-	.40N	.40	.40	-	175	-	-
Mar 89	50.00	2/4/89		-	-	.55N	.55	.55	-	784	-	-
Mar 89	51.00	2/4/89		.80	.75	.70N	.70	.70	1	413	-1*	-
Mar 89	52.00	2/4/89		.90	.85	.95N	.95	.95	-	224	-1*	-
Mar 89	53.00	2/4/89		-	-	1.20N	1.20	1.20	-	364	-1*	-
Mar 89	54.00	2/4/89		-	-	1.55N	1.55	1.55	5	171	+4	-
Mar 89	55.00	2/4/89		2.10	2.10	1.95N	1.95	2.00	13	195	+11	-
Mar 89	56.00	2/4/89		2.60	2.25	2.40N	2.40	2.40	-	118	-	-
Mar 89	57.00	2/4/89		3.10	3.10	2.85N	2.85	2.95	-	41	-	-
Mar 89	58.00	2/4/89		3.20	3.20	3.50N	3.50	3.50	-	22	-	-
Mar 89	59.00	2/4/89		-	-	4.15N	4.15	4.20	-	5	-	-
Mar 89	60.00	2/4/89		-	-	4.80N	4.80	4.85	-	15	-	-
Mar 89	61.00	2/4/89		-	-	-	-	-	-	-	-	-
Mar 89	62.00	2/4/89		-	-	6.30N	6.30	6.35	-	21	-	-
Mar 89	63.00	2/4/89		-	-	-	-	-	-	-	-	-
Mar 89	64.00	2/4/89		-	-	-	-	-	-	-	-	-
Mar 89	65.00	2/4/89		-	-	8.80N	8.80	8.85	-	124	-	-
Mar 89	66.00	2/4/89		-	-	9.70N	9.70	9.70	-	10	-	-
Mar 89	67.00	2/4/89		-	-	-	-	-	-	-	-	-
Mar 89	68.00	2/4/89		-	-	-	-	-	-	-	-	-
Mar 89	69.00	2/4/89		-	-	-	-	-	-	-	-	-
Mar 89	70.00	2/4/89		-	-	-	-	-	-	-	-	-
Mar 89	72.00	2/4/89		-	-	-	-	-	-	-	-	-
May 89	46.00	4/8/89		-	-	-	-	-	-	-	-	-
May 89	47.00	4/8/89		-	-	-	-	-	-	-	-	-
May 89	48.00	4/8/89		-	-	.45N	.45	.45	-	1	-	-
May 89	49.00	4/8/89		-	-	.60N	.60	.65	-	26	-	-
May 89	50.00	4/8/69		-	-	-	-	-	-	-	-	-
May 89	51.00	4/8/89		-	-	-	-	-	-	-	-	-
May 89	52.00	4/8/89		-	-	1.30N	1.30	1.15	-	8	-	-
May 89	53.00	4/8/89		-	-	-	-	-	-	-	-	-
May 89	54.00	4/8/89		-	-	2.00N	2.00	2.00	-	97	-	-
May 89	55.00	4/8/89		-	-	2.40N	2.40	2.30	11	246	-	-
May 89	56.00	4/8/89		-	-	-	-	-	-	-	-	-
May 89	57.00	4/8/89		-	-	-	-	-	-	-	-	-
May 89	58.00	4/8/89		-	-	3.90N	3.90	3.90	-	7	-	-
May 89	59.00	4/8/89		-	-	-	-	-	-	-	-	-
May 89	60.00	4/8/89		-	-	-	-	-	-	-	-	-
May 89	62.00	4/8/89		-	-	-	-	-	-	-	-	-
May 89	64.00	4/8/89		-	-	-	-	-	-	-	-	-
May 89	65.00	4/8/89		-	-	-	-	-	-	-	-	-
May 89	66.00	4/8/89		-	-	-	-	-	-	-	-	-
May 89	68.00	4/8/89		-	-	11.65N	11.65	11.70	-	5	-	-
May 89	70.00	4/8/89		-	-	-	-	-	-	-	-	-
Jul 89	46.00	6/3/89		-	-	-	-	-	-	-	-	-
Jul 89	48.00	6/3/89		-	-	-	-	-	-	-	-	-
Jul 89	50.00	6/3/89		-	-	1.10N	1.10	1.25	-	10	-	-
Jul 89	52.00	6/3/89		-	-	-	-	-	-	-	-	-
Jul 89	54.00	6/3/89		-	-	-	-	-	-	-	-	-
Jul 89	56.00	6/3/89		-	-	-	-	-	-	-	-	-
Jul 89	58.00	6/3/89		-	-	-	-	-	-	-	-	-
Jul 89	60.00	6/3/89		-	-	-	-	-	-	-	-	-
Jul 89	62.00	6/3/89		-	-	-	-	-	-	-	-	-
Jul 89	65.00	6/3/89		-	-	-	-	-	-	-	-	-
Jul 89	70.00	6/3/89		-	-	-	-	-	-	-	-	-
Jul 89	46.00	9/2/89		-	-	-	-	-	-	-	-	-
Jul 89	48.00	9/2/89		-	-	-	-	-	-	-	-	-
Jul 89	50.00	9/2/89		-	-	-	-	-	-	-	-	-
Jul 89	52.00	9/2/29		-	-	-	-	-	-	-	-	-
Oct 89	54.00	9'/2/89		-	-	-	-	-	-	-	-	-
Oct 89	56.00	9/2/89		-	-	-	-	-	-	-	-	-
Oct 89	58.00	9/2/89		-	-	-	-	-	-	-	-	-
Dec 89	60.00	9/2/89		-	-	-	-	-	-	-	-	-
Dec 89	62.00	9/2/89		-	-	-	-	-	-	-	-	-
Dec 89	65.00	9/2/89		-	-	-	-	-	-	-	-	-
Dec 89	70.00	9/2/89		-	-	-	-	-	-	-	-	-
Dec 89	46.00	11/4/89		-	-	-	-	-	-	-	-	-
Dec 89	48.00	11/4/89		-	-	-	-	-	-	-	-	-
Dec 89	50.00	11/4/89		-	-	-	-	-	-	-	-	-
Dec 89	52.00	11/4/89		-	-	-	-	-	-	-	-	-
Dec 89	54.00	11/4/89		-	-	-	-	-	-	-	-	-
Dec 89	56.00	11/4/89		-	-	-	-	-	-	-	-	-
Dec 89	58.00	11/4/89		-	-	-	-	-	-	-	-	-
Dec 89	60.00	11/4/89		-	-	-	-	-	-	-	-	-
Dec 89	62.00	11/4/89		-	-	-	-	-	-	-	-	-
Dec 89	65.50	11/4/89		-	-	-	-	-	-	-	-	-
Dec 89	70.00	11/4/89		-	-	-	-	-	-	-	-	-
Jan 90	48.00	2/3/90		-	-	-	-	-	-	-	-	-
Jan 90	50.00	2/3/90		-	-	-	-	-	-	-	-	-
Jan 90	52.00	2/3/90		-	-	-	-	-	-	-	-	-
Jan 90	54.00	2/3/90		-	-	-	-	-	-	-	-	-
Jan 90	56.00	2/3/90		-	-	-	-	-	-	-	-	-
Jan 90	58.00	2/3/90		-	-	-	-	-	-	-	-	-
Jan 90	60.00	2/3/90		-	-	-	-	-	-	-	-	-
TOTAL ESTIMATED VOLUME - 400				*Adjustment by recording firm						191	7,870	-155
FUTURES SETTLEMENT			Dec 88	56.21	Mar 89	56.50	May 89	56.57	Jul 89	56.70	-	-
FUTURES SETTLEMENT			Oct 89	56.00	Dec 89	56.20	Mar 90	56.70	-	-	-	-