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To: energyplay who wrote (138846)12/15/2001 8:49:43 PM
From: Win-Lose-Draw  Read Replies (1) | Respond to of 436258
 
You are buying the time value of the option and the volititlity of the underlying QQQs

I think that makes sense. Thank you. It has become clear to me there are many options-related mistakes, er, "learning opportunities", in my future.