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Strategies & Market Trends : Tech Stock Options

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To: Christineesq who wrote (47992)	7/17/1998 12:31:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (2) of 58727

right I got that point which when he talks about the pressure at the end of the day it may be gone because of the "exercising" during the day if those are 'closing' positions and not opening ones... it was his term "exercising" that was throwing me off because I was thinking in terms of SPX which can only be exercised at the end but I am like Barbara I still have a problem with this whole arbitrage thing and figuring out why there would be pressure to go up if we are over 570 blah blah blah.... again because of my typical thinking of stock options where they try to generally make them expire worthless...(either by manipulation theory or the general ebb and flow theory)

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