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To: Jumper who wrote (81060)3/15/2001 4:27:41 PM
From: pater tenebrarum  Respond to of 436258
 
i'm doing the same thing from time to time...bot a few April index calls (actually bought a straddle) for the FOMC ramp today - the equivalent puts are currently three times more expensive, usually a sign the calls are underpriced...

no-one said there's no money on the long side if you're nimble...in fact, once we've seen some fear i expect us to get a pretty good playable rally.