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To: Square_Dealings who wrote (5155)4/27/2004 7:26:02 PM
From: Win-Lose-Draw  Read Replies (1) | Respond to of 60918
 
you're looking at it backwards: it's the writers who primarily determine IV, not the buyers. and as options writers may be holding positions open for many many months the risk free rate of return absolutely has an impact. especially for the relatively low volatile SPX components.