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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Greg Higgins who wrote (11332)8/3/1999 6:43:00 PM
From: OX  Read Replies (2) of 14162
 
Pardon the intrusion, this is really fascinating following everyone deciphering this possible CPQ spread play...

> the MM who bought the 45's sold the 40s to lay off part of his risk

It may be a little late in the day for me, but I wondering, if a specialist did do this to offset her position... who does she sell the 40's to? another specialist? In a case like this, if it wasn't a spread play, I would think the specialist would cover with shares. But I have no idea what I'm talking about, so I would love for someone to correct what I'm trying to say.

also relevant to the CC thread, perhaps...

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