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Strategies & Market Trends : Options
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To: AmericanVoter who wrote (6283)4/11/2000 12:55:00 PM
From: Ritch  Read Replies (1) of 8096
 
Look at it this way - Would he be better off selling on the open market at $89, or selling them to you at $170? If the stock is trading below $170 at expiration he will exercise the puts.

Ritch
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