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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: zonder who wrote (8239)	6/23/2004 12:48:10 PM
From: mishedlo	Respond to of 116555

John Succo on Minyanville reporting very heavy call selling today. The great Volatility Crush Continues. He think it is systematic of starving for performance in a negative interest rate environment and at these option prices quite dangerous. Covered Calls is essentially the same as writing naked puts (as you are aware but others might not be). Mish

To: zonder who wrote (8239)	6/23/2004 1:14:07 PM
From: mishedlo	Respond to of 116555

On options and volatility economist.com

To: zonder who wrote (8239)	6/23/2004 1:48:20 PM
From: mishedlo	Respond to of 116555

Treasury garners healthy demand at 2-year note auction Wednesday, June 23, 2004 5:37:17 PM CHICAGO (AFX) -- The Treasury Department auctioned $25 billion 2-year notes at a yield of 2.785 percent. Overall demand was solid, but fell at this week's auction from last month's 2-year note sale. Treasury reported the so-called bid-to-cover ratio stood at $2.17 in bids received for each $1 in securities sold. That's down from $2.32 in May, but up from $2.11 in April.