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To: Poet who wrote (455)4/20/2001 10:56:49 AM
From: IceShark  Read Replies (1) | Respond to of 209892
 
Poet, you have to be careful about assuming how options get unwound in the last couple days of expiry. Delta hedging getting unwound as positions are closed, rollouts, etc. Because we are up so dramatically I would tend to guess that the option pressure is on the sell side as calls are closed.