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To: view who wrote (24441)10/27/1997 12:41:00 AM
From: Tim McCormick  Respond to of 50808
 
view, another thing to keep in mind when you see way out of the money puts trade is their role in lowering the margin requirement of a near the money nakid put sale. By putting on a bear spread sale instead of a nakid put sale, the reduced margin requirement can pay for the out of the money premium. Therfore, a block print of way out of the money puts could be an indication of the execution of a bullish outlook trade. Tim