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To: ted birnbaum who wrote (485)1/25/1998 6:02:00 PM
From: Linda Kaplan  Read Replies (1) of 593
 
Ted,

May 5 calls sound good. Could you explain the advantage of hedging with Feb puts rather than Mays? I only have a rough grasp of proper put hedging, though I've done it in a rather general way occasionally.

Thanks.

Linda
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