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To: mishedlo who wrote (179568)7/13/2002 12:15:18 AM
From: KeepItSimple  Read Replies (1) | Respond to of 436258
 
Why the week of expiry? Can't they delta-hedge anytime they want? Or do they wait until the last week so the time premium evaporation allows them more leverage? I'm confused.

>MY definition of Max Pain is if it hits ANY time during expiry week.