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To: Nancy who wrote (38749)5/10/2002 11:21:08 AM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Shack has done some work on that too Nancy. I'm pretty sure that he agrees that as long we we visit max-pain going into expiry, then that is sufficient. The theory of course is that option writers get to balance/hedge their positions once we trade around max-pain.