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Pastimes : Ask Mohan about the Market
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To: Brad Bolen who wrote (8575)11/19/1997 4:54:00 PM
From: Bonnie Bear  Read Replies (1) of 18056
 
Brad: a ton of index options expire worthless tomorrow. It must be profitable for folks like Goldman Sachs to keeps the indexes propped where they want them.
They said the majority were expensive puts and calls on either side of 940. I'd love to know about the open options on the other indexes.
At lunch CNBC mentioned there is a rush, yea, a panic, to get the circuit-breaker rules changed ASAP.
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