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To: Dan Spangenberg who wrote (4649)	2/1/1998 2:54:00 PM
From: hpeace	Read Replies (1) of 4749

smod fell back at close on friday. you can get 11 7/8's for the sell side and buy the put side for 3 7/8...that's an 8 credit spread. you most be looking at worng quotes. plus if you guess right. like smod going up on monday. you can sell the put 40 side fist and get 11 7/8's , than buy the put side on a rally for 2 7/8's. that would be 9 credit. but right now it's 8

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