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To: AllansAlias who wrote (787)4/24/2001 4:07:32 PM
From: Rambi  Respond to of 209892
 
They already are underwater--- of course I ALSO have some puts on the SPX left over from my last bad reading of EW so maybe they will come back first.
That would be ok-- first a big swoosh and then a really hard rally.
Maybe they will cancel each other out.