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To: Chuzzlewit who wrote (137110)7/20/1999 9:34:00 PM
From: PAL  Respond to of 176387
 
Chuzz:

I have to give MCD a lot of credit for being able to unload a sizable number of Nov98/45 puts. As I recall, it was way way way OTM. The put expired worthless. Would this be a good way to do a buy back? Previously it has been a winning strategy. However, with the market being this volatile, is the risk warranted?

Best regards

Paul