Message-ID: <17503107.1075852878568.JavaMail.evans@thyme> Date: Wed, 17 Oct 2001 12:10:56 -0700 (PDT) From: aavalos@pnm.com To: houston <.ward@enron.com> Subject: RE: Cost for Put Option Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: "Avalos, Art" @ENRON X-To: Ward, Kim S (Houston) X-cc: X-bcc: X-Folder: \KWARD (Non-Privileged)\Ward, Kim S (Houston)\Inbox X-Origin: Ward-K X-FileName: KWARD (Non-Privileged).pst Thanks, Kim, I really appreciate it. Art -----Original Message----- From: Kim.Ward@enron.com [mailto:Kim.Ward@enron.com ] Sent: Wednesday, October 17, 2001 12:46 PM To: AAVALOS@pnm.com Subject: RE: Cost for Put Option Art, We have priced these at the money puts and they are kind of expensive. For the monthly put, Strike of $2.72, premium would be $.495. For the Daily put, the premium would be $.535. Let me know if you have any questions. Prices might be lower tomarrow given the downturn since AGA's came out. If you are willing to look at out of the money puts, the price would be better as well. Thanks, Kim -----Original Message----- From: "Avalos, Art" @ENRON Sent: Wednesday, October 17, 2001 10:43 AM To: Ward, Kim S (Houston) Subject: Cost for Put Option Hi Kim, Could you please give me an estimate for Q3 2002, on the cost of a put option for 5,000 mmBtu/day (daily and monthly) from the San Juan Basin. Thanks, I really appreciate it. Art Avalos ********************************************************************** This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you. **********************************************************************