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To: multicollinearity who wrote (40578)4/21/2000 10:38:00 PM
From: sergiotenenbaum  Respond to of 93625
 
put & call

call is around $30, put is around $30 at the strike of $170, add the two. The 66% chance is a rule of 3 so to speak, in options. This put call prices reflect a huge implied volatility. A buyer of the two bets that the volatility would be greater, the seller the contrary.
ST