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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: BDR who wrote (195673)10/6/2002 6:48:45 PM
From: mishedlo  Read Replies (2) of 436258
 
Dale you are missing the point. By Intrinsic (I believe Tom meant that they were selling under cash value if you were immediately allowed to exercise them.

Hold enough S&P 600's to march and have a close at 600 or higher and you lose it all.

Earlier this year there were some strikes on DJX put options that made you money at expiry EVEN if the DJX did not fall one bit.

They were a real steal.

M
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