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To: Iceberg who wrote (384)10/17/2000 7:25:21 PM
From: Ken Adams  Respond to of 840
 
I'll defer to B&H for the explanation. If you're not an option trader, the explanation will be far too lengthy to post here.

If you really are interested, I'd suggest you go back to the CBOE site and collect tons of their free info. A great education available there.

Ken