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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Ed Pittman who wrote (9206)11/6/1997 1:01:00 AM
From: kas1  Respond to of 94695
 
>100 points to the put side and 100 points to the call side. and
>the difference was $ 6.00 and $.22 it just seemed so lop sided..

the demand function for disaster insurance is nearly vertical in times of mass fear. mm's and options traders/writers have been playing this game for ages. buying puts in a downturn is almost always a bad idea.