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To: Joseph G. who wrote (2969)	7/9/1998 5:28:00 PM
From: Defrocked	Read Replies (2) of 86076

I agree with your logic regarding Aug/Sep. selling in anticipation(fear) of Oct. declines. Also note that recent OEX implieds (VIX at 18.6%) are at '98 lows...probably a good time to nibble at OEX puts again. FWIW.

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