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To: Casaubon who wrote (19228)7/2/1999 3:49:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 99985
 
Casaubon, much of the index call writing is naked - so the index components get bought when these bets don't pan out. you are correct that there is no way to assess how much of the call writing in individual issues is covered.

regards,

hb