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Strategies & Market Trends : Canadian Options
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To: mark hedley who wrote (1)1/21/1997 8:48:00 PM
From: Goldberry   of 1598
 
I would guess that some of the funds who are allowed to write calls are saying that the Banks are toppy and don't want to sell so are reducing their cost by writing against their position.

I believe the Banks will not go up much and probably will drop back a bit. Probably a good short term play would be some puts.
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