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To: jjs_ynot who wrote (387)5/17/2000 8:28:00 AM
From: Mark Z  Read Replies (1) | Respond to of 10876
 
Just to make sure I understand another detail:

Your study compared the price as of {expiration - 2 weeks} with Max Pain as of that same time. Did you happen to notice how Max Pain moved as the underlying moved? Did they tend to converge, diverge or did Max Pain not move much?