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To: PerryA who wrote (21177)9/24/2000 3:25:14 PM
From: LLCF  Respond to of 436258
 
<Based on the bid and ask for the stock and the puts at various times this morning, it would have been cheaper to buy the puts (negative premium) than short the stock. Obviously it was a fast market, but the puts were slow to sell even with no premium.>

Often the quote vendors are slow... in a fast market FORGET about getting puts cheaper than hitting the bid in the stock... won't happen, I don't care what it 'looks' like.

DAK