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To: MythMan who wrote (18346)3/16/2000 4:32:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 42523
 
the VIX doesn't measure May options yet. it measures March and April, and it ALWAYS tanks prior to expiration, unless it's a hard down day.



To: MythMan who wrote (18346)3/16/2000 4:43:00 PM
From: IceShark  Read Replies (1) | Respond to of 42523
 
I think it is close out demand by writers who are scared things may reverse sharply and hurt their major profits.