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To: Clappy who wrote (724)	7/24/2000 9:04:05 PM
From: Tom K.	of 1115

Clappy.... One more point on that article. The author states... ...about 85% of all options expire worthless every month... According to 2 people from the CBOE (one a VP), the actual number that expire is closer to 30%. 60% of options are sold and 10% are exercised. Tom

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